Stanza Living has now secured $5.7 million in the debt funding round from the Alteria Capital. This investment is also in addition to the $4.4 million secured from the Alteria Capital in the month of March this year.
On the funding round, Anindya Dutta, Managing Director and Co-founder, Stanza Living, said,
“We are excited to deepen our partnership with Alteria Capital which reflects their confidence in our business model and growth trajectory. The capital infusion will enable us to further increase the pace of our strategic growth across markets through organic and inorganic measures.”
Till date, Stanza Living has now secured a total funding of $70 million from the marquee global investors like the Sequoia Capital, Matrix Partners, Alteria Capital, Falcon Edge Capital and others.
Sandeep Dalmia, Managing Director and Co-founder, Stanza Living, said, “As we continue to focus on transforming the shared accommodation sector in India, we are delighted to have strong financial planning support from our partners. We have scaled our high-quality living experience by over 400x in just 2.5 years of operations and will continue deepening access to consumers across the country.”