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 (a...