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.