Student Housing Startup Stanza Living Raises 69 Cr
Co-living startup Stanza Living has raised INR 69 Cr from GHI India.The company has issued 1,475 Series C Cumulative Compulsorily Convertible Preference Shares (CCPS) at a face value of INR 100 per share and a premium of INR 4,66,334 per share.
Stanza Living claims that with its co-living concept, it can disrupt the “multi-billion-dollar student housing and co-living market in India by putting the new-age migrant consumer at the heart of the product and service design, development, and execution.”
The startup claims to have a presence in 14 cities, with more than 50,000 beds in over 150 residences, also claiming to be the largest shared living company in the country. The company offers accommodation for prices ranging from INR 3,500 to INR 25,000.