Stanza Living in talks to raise up to $50 million

Stanza Living in talks to raise up to $50 million

  • Student housing rental startup Stanza Living is in talks to raise up to $50 million in a fresh round on the back of significant inbound interest, said two people aware of the matter, requesting anonymity.
  • Its existing investors, Sequoia Capital, Accel Partners and Matrix Partners, will participate in the round, said one of the two people mentioned above.
  • For the current fiscal year, Stanza, run by DTwelve Spaces Pvt. Ltd, will report revenues of ₹ 20 crore, which it plans to grow to ₹ 150 crore by the end of the next fiscal year, said the second person, aware of the startup's plans.
  • Cities such as Pune, Bengaluru, Hyderabad and Chennai, as well as the National Capital Region, are well-positioned to tap into the co-living market, according to a report from Knight Frank.


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