[Funding alert] Student accommodation provider Stanza Living raises $4.4M in debt from Alteria Capital
26 March 2019 2:44 PM IST
The student housing company had recently raised $12.3 million in equity funding from Sequoia Capital, Matrix and Accel Partners.
![[Funding alert] Student accommodation provider Stanza Living raises $4.4M in debt from Alteria Capital](https://democracynewslive.com/h-upload/uid/3V8rFEarMhsJ2fe4wS1Nqbb4drqN26ce8997143.jpg "[Funding alert] Student accommodation provider Stanza Living raises $4.4M in debt from Alteria Capital")
- Student housing company Stanza Living announced today that it has raised $4.4 million (Rs 30 crore) in debt funding from Alteria Capital.
- The Delhi-based startup had raised $12.3 million (Rs 85 crore) in equity funding from Sequoia Capital, Matrix and Accel Partners in September 2018.At the time, the company said it would use the funding to strengthen its technology and aggressively expand its presence to 15,000 beds in Delhi-NCR, Bangalore, Pune, Hyderabad, Chennai, Indore, Vadodara and Dehradun this year.
- Anindiya Dutta and Sandeep DalmiaStanza Living was founded by Sandeep Dalmia and Anindya Dutta in 2017.
- While Dalmia is an alumnus of Delhi College of Engineering and IIM Ahmedabad, Dutta is an alumnus of IIT Kharagpur and IIM Ahmedabad.
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