Stanza Living, recognized as the largest managed-living ecosystem in India, has recently secured Rs 110 crore (approximately $13 million) in a bridge funding round primarily led by Alpha Wave. In this round, Alpha Wave contributed Rs 83 crore, while Matrix Partners, Accel India, and Peak XV collectively invested Rs 27 crore.
Stanza Living specializes in offering co-living solutions tailored for both students and professionals. The company claims to operate in 24 locations, boasting an inventory that exceeds 75,000 beds distributed across more than 450 properties.
The news of this funding round was initially reported by Entrackr. Prior to this, Stanza Living was reportedly engaged in talks to raise an additional $25 million. Earlier financial activities include a funding round in March 2022, where Kotak Mahindra Bank and RBL Bank led an investment of $57 million. Additionally, in April 2021, the company raised $100 million through an equity round. To date, Stanza Living has amassed over $230 million through various debt and equity financing rounds.
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