Stanza Living, a student focused accommodation company out of New Delhi, has recently fund raised $10 million during a funding round led primarily by Sequoia Capital along with other existing investors including Matrix Partners and Accel Partners.
Stanza Living will leverage the funding to expand to multiple markets and strengthen its core leadership team while onboarding specialized talent across functions.
The startup will also utilize the fresh capital to bolster its technology development, which helps it drive effectiveness into project management and efficiency in business operations while enabling it to offer personalized service delivery.
Stanza Living is a technology-enabled student accommodation concept that puts the student as a consumer at the heart of its product and service design. The startup was founded in the early part of 2017 by Sandeep Dalmia and Anindya Dutta, former executives from Boston Consulting Group and Goldman Sachs respectively.
Using the Stanza Living platform, students can find accommodation for prices ranging from $108.7 (INR 7,000) to $388.2 (INR 25,000) per month.
Sandeep Dalmia, Managing Director and Co-Founder, Stanza Living, said, “Marquee global players investing in Stanza Living underlines the confidence the investor community has in our business model. We understand that a student’s lifestyle is extremely distinct. Our industry-first, full-stack business model fundamentally enables us to design our co-living spaces and tailor our services to cater to their specific needs and desires.”
The founders bootstrapped for a while before receiving a $2 Mn boost from Matrix Partners and Accel Partners in November 2017.
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