The children’s accommodating start-up Stanza Living has secured around $10 million in a sequence A round managed by Sequoia capital, stated Anindya Dutta, the co-founder of this Delhi-based start-up. The current investors of the Stanza Living, Accel Partners as well as Matrix partners took part in the round. As per the sources, the organization raised no less than $2 million from Accel and Matrix partners.

The startup was discovered by Sandeep Dalmia and Dutta and is recently operated and controlled by Dtwelve Spaces Private Ltd . In recent times, Stanza Living is providing accommodation facilities to the students in and around Delhi. Studies suggest that the organization is planning to use the raised capital amount to introduce its excellent services in other sectors of the country including Hyderabad, Pune, Bangalore, Jaipur, and Indore.

Stanza Living is also planning to build up their management group, increase recruiting, build technology, and diversify the network of operations of the Company using the capital amount. According to the statement of the Principal of Sequoia Capital Indian advisors, Ashish Agarwal, Stanza Living student accommodation is a well-known quality class set up in the west. With its ascendable corporate model along with powerful economics, this established startup has the proficiency to develop an asset class in our country, Ashish Agarwal added.

Stanza Living manages a whole-stack cordiality handling stock management as well as food services. In addition to a total of 16 properties, the startup features approximately 2,000 beds facilities in the National Capital Region (NCR).

According to Dutta’s statement, the Company is planning to diversify the business by increasing its number of beds to 10,000-20,000 within the coming year. Dutta also stated that the total cost per each student varies from 8000rs to 25000rs (as per the living requirements of the candidates). As per the industry professionals, the student accommodating company is gauged at $15 billion. This particular industry is anticipated to expand 3 times in the forthcoming years. However, recently the housing industry of India is mostly unsystematic and fragmented.
Without a doubt, this top-notch startup is giving a tough competition to several established housing sectors of our country that are especially known to cater to the housing requirements of the students and experts. These companies mainly include Ziffy Homes, Homigo, Zolo, and Coho.

What’s more?
This startup and Lenskart Company are working together to offer a completely free eye-checkup for the candidates seeking the housing facilities of Stanza Living. Furthermore, it has collaborated with Zomato for a quality food delivery services and UrbanClap to offer wellness services. Dutta said that the motive of the firm isn’t limited to provide just living facilities to the students yet it aims to offer services for the welfare of the students and professionals together with the social engagement.
Recently, Stanza Living is planning to build up collaboration with industry specialists to get a career mentorship for their students that will assist them in learning essential skills.

Author's Bio: 

im rahul pandey and im digital marketer