Stanza Living has raised $57 million ( ₹425 crore) in debt financing led by Kotak Mahindra Bank and RBL Bank. Existing lender Alteria Capital also participated in the round. The proceeds will be used to fund capital expenditure for Stanza Living’s current and future projects and accelerate its next phase of multi-city expansion. This debt infusion comes on the back of the $100 million equity funding raised by Stanza Living in 2021.
“This debt raise is a result of our prudent financial management and disciplined planning to stay ahead of short-term market challenges. It will provide us with ammunition to deliver a higher return on equity and continue aggressively scaling our operations across the country,” said Anindya Dutta, managing director and co-founder, Stanza Living.
Today, with an stock of more than 75,000 beds, Stanza Living is the managed accommodation provider of choice for students and working professionals migrating to 23 cities across the country. Till now, Stanza Living has raised close to $220 million in debt and equity combined.
Coliving startup Stanza Living raised $57 million in debt funding from Kotak Mahindra & RBL Bank
