India: Stanza Living raises $4.4m in debt funding from Alteria Capital

Anindya Dutta, Co-founder, Stanza Living

Gurugram-based student housing startup Stanza Living has raised $4.4 million (Rs 30 crore) in debt funding from Alteria Capital, taking its total funding to $16.7 over the last 15 months, it said on Tuesday.

In September last year, Stanza Living had raised $10 million in a Series A round led by venture capital firm Sequoia Capital. Matrix Partners and Accel Partners also participated in the round. In November 2017, it had secured seed money of $2 million from Matrix and Accel.

Anindya Dutta, Managing Director and co-founder, Stanza Living, said, “The student housing segment in India is largely unorganised, suffering from several infrastructure and service quality gaps. We are transforming the space by offering a professionally-managed student living experience that mirrors international standards.”

“The funding will bolster our momentum to unlock an inventory of one lakh beds by 2021 and bring our high-quality Stanza Living brand experience to students across India. Through this strategic partnership with Alteria, we will also be working on developing interesting financing and funding structures relevant to our business,” he added.

Founded in 2017 by Dutta and Sandeep Dalmia, Stanza Living is run and managed by Dtwelve Spaces Pvt. Ltd. It claims to have scaled the business 7x since last year, unlocking an inventory of 15,000 beds across Delhi NCR, Bangalore, Pune, Hyderabad, Chennai, Indore, Vadodra and Dehradun in 2019.

The startup today is a 250+ team located across the country.

Earlier in the day, Singapore-headquartered student housing platform Oxfordcaps, too, disclosed its funding as it looks to ramp up its India operations. The startup has raised $8 million in a Series A funding round led by Times Internet, with participation from existing investors Kalaari Capital and Silicon Valley-based 500 Startups.

Oxfordcaps to have clocked a 30x growth in less than 10 months since its launch in India and has expanded from 200 beds to acquisition of over 6,000 beds. It is also looking to expand operations into 10+ cities.

In August 2018, Stanza Living’s other competitor, University Living, raised an undisclosed sum in a pre-Series A round led by Indian Angel Network and LetsVenture.

Also Read:

Student housing platform Oxfordcaps raises $8m from Times Internet, Kalaari, 500 Startups

India: Student housing startup Stanza Living raises $10m led by Sequoia

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.