Debt financing
Co-living spaces operator Stanza Living secures Rs.60-Cr from Alteria, Innoven Capital
Delhi-based managed accommodation provider Stanza Living has secured INR 60 crore (around USD 7 million) in debt funding from Alteria Capital (INR 35 crore or ~ USD 4.1 million) and Innoven Capital (INR 25 crore or ~ USD 2.9 million). The company is to issue 6,000 non-convertible debentures at a face value of INR 1,00,000 each to raise the new funds.Founded in 2017, Stanza Living is a managed accommodation startup that offers hassle-free living for students and young professionals moving to new cities. The company claims to have over 75,000 beds across 24 cities in India.
Between Nov 2017 and Nov 2023, Stanza Living had attracted about USD 268 M from Accel India, Alpha Wave Global, Peak XV Partners, Z47, Alteria Capital and others.
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