Stanza Living, India’s largest managed-living ecosystem, has successfully raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave.
This funding round saw Alpha Wave contribute Rs 83 crore, while Matrix Partners, Accel India, and Peak XV collectively invested Rs 27 crore.
The company, renowned for offering co-living solutions for both students and working professionals, operates in 24 cities and manages over 75,000 beds across more than 450 properties.
The latest funding was initially reported by Entrackr, which highlighted that Stanza Living had been in discussions to secure $25 million in new financing.
In recent history, Stanza Living raised $57 million in March 2022 through a round led by Kotak Mahindra Bank and RBL Bank. Prior to that, in April 2021, the company secured $100 million in an equity round. Overall, Stanza Living has garnered over $230 million through a mix of debt and equity financing.
Stanza Living continues to expand its footprint, reinforcing its position as a leader in the managed-living sector.
