Stanza Living to Raise $32 Million to Boost Accommodation Network
- Stanza Living secures Rs 282.7 Crore ($32 Million) in Series E funding led by Accel.
- Motilal Oswal joins as a new investor, valuation drops by 28% to $320 Million.
- Funds to support expansion and strengthen managed accommodation operations.
Managed accommodation startup Stanza Living to raise Rs 282.76 crore (around $32 million) in its Series E round, led by existing investor Accel, with participation from Motilal Oswal. The latest funding marks a down round, valuing the company at about Rs 2,812 crore ($320 million), a 28% dip from its previous valuation of Rs 3,900 crore.
According to regulatory filings, Stanza Living issued 5,313 Series E CCPS shares at Rs 5.32 lakh each to raise the capital. Accel contributed Rs 222.78 crore ($25.3 million), while Motilal Oswal infused Rs 60 crore ($6.8 million). Funds from Accel have already been received, with Motilal Oswal’s investment expected shortly.
Founded in 2017, Delhi-based Stanza Living offers tech-enabled managed accommodation for students and young professionals. The company currently manages over 75,000 beds across 24 cities in India.
Before this round, Stanza Living had raised over $240 million through equity and debt from investors including Alpha Wave, Peak XV Partners, Accel, and Z47.
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In FY24, the company reported Rs 584 crore in revenue and cut losses by 45% to Rs 273 crore, reflecting stronger cost controls and operational efficiency. The new funds are expected to help Stanza Living expand its footprint and further enhance its service offerings.
