Provide students with high-quality housing and supporting services.
According to foreign media reports, India’s Stanza Living has received a total of US $ 70 million in financing, and is funded by Falcon Edge Capital, Sequoia Capital, Accel , Matrix Partners and Alteria Capital.
Stanza Living is a student apartment management company , founded in 2017, headquartered in Delhi, India, co-founded by Anindya and Sandeep. The company focuses on student accommodation and provides high-quality residential and supporting services such as public areas, game pools, and gyms. It also provides value-added services including medical, laundry services, and Internet packages.
Stanza Living’s ancillary services
Stanza Living will use the funds after the financing to expand the company’s market, and Transform India’s shared accommodation industry . So far, Stanza Living has opened in central cities such as Delhi, Bangalore, Pune, Hyderabad, Chennai, Coimbatore, Indore, Vadodela and Dehradun 47,500 beds , with 100 beds on the University of Delhi North Campus.
So, What is the demand for housing in the student apartment market in India? According to a report by real estate consultancy Jones Lang Lasalle, The opportunity for the Indian student housing market is estimated at $ 15 billion . There are about 34 million college students in India, and for those who have migrated from rural areas to large cities, their student housing needs are great.
Stanza Living housing options
It is worth noting that Stanza Living’s investment in this round was basically completed in the form of debt. Aiay Hattangdi, a partner at Alteria Capital, said that high-growth companies like Stanza Living are safe to use debt financing because the company has a strong investor base, efficient business execution and experience Rich founding team.
Indian universities only meet 20% of the housing needs. What is the chance of a student apartment?