Stanza Living Raises $4.4 Mn In Venture Debt From Alteria
26 March 2019 7:07 AM GMT
he company plans to use the funds to bolster its momentum to unlock an inventory of one lakh beds by 2021 and bring its high-quality Stanza Living brand experience to students across India.
- New Delhi-based student housing startup Stanza Living has raised $4.4 Mn in venture debt from Alteria Capital.
- This comes after it raised $12.3 Mn from marquee global investors such as Sequoia Capital, Matrix and Accel Partners in the last 15 months.
- Using the Stanza Living platform, students can find accommodation for prices ranging from $108.7 (INR 7,000) to $388.2 (INR 25,000) per month.
- A recent report by JLL (Jones Lang LaSalle Inc) stated that the supply in the student housing market currently stands at 6 Mn beds and that there’s a massive shortage of 5 Mn beds.
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