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Stanza Living Raises Funds from Equity International

3Mar By NitishNo Comments

FUNDING

Stanza Living Raises Funds from Equity International

Stanza Living, which is into student housing has raised funds from US-based private equity firm Equity International. The funding amount has not been disclosed. An affiliate of Equity International (EI), Sam Zell's investment firm focused on building businesses globally, has invested in Stanza Living, a company statement said. The investment is part of Stanza Living's Series C equity financing round, which saw participation from company's existing institutional investors -- Falcon Edge Capital, Sequoia India, Matrix and Accel Partners, it added. The funds would be utilised to scale the portfolio, expand geographic footprint, and solidify brand positioning. This marks Equity International's second investment in India since 2011. Stanza Living has raised USD 70 million (ab...

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Sequoia Capital Backs Indian Student Housing Startup Stanza Living

Student housing startup Stanza Living has reportedly raised funds amounting to Rs 73 crore (over $10 million) in a funding round led by venture capital firm Sequoia Capital India. This funding round also saw participation by existing investors Matrix Partners and Accel. With this fundraising, the total capital raised by Stanza Living has reached Rs 86 crore as of now. With these funds, the startup is planning to strengthen its technology engine, beef up its core leadership team as also establish its network of operations across multiple markets. “With 2000 beds across the Delhi-NCR region itself, we are positioning this business for scale. We are in advanced conversations to expand to educational hubs such as Bangalore, Pune, Hyderabad and a few more cities by the end of this ongo...