Debt

Debt financing

Co-living spaces operator Stanza raises $57-M from Kotak Bank, RBL Bank, Alteria Capital

MyBigPlunge  

Co-living spaces operator Stanza Living has raised INR 425 crore in debt led by Kotak Mahindra Bank and RBL Bank for capital expenditure and business expansion across major cities. Its existing debt provider Alteria Capital also participated in the latest round. The proceeds will be used to fund capital expenditure for Stanza Living's current and future projects, and accelerate the company's next phase of multi-city expansion. This debt infusion comes on the back of USD 100 million raised by Stanza last year in equity funding. The company has operations in 23 cities with more than 75,000 beds. To date, Stanza has raised close to USD 220 million in debt and equity combined. Stanza Living, which provides rental accommodation to students and working professionals, was co-founded by Sandeep Dalmia and Anindya Dutta in 2017.