Startup Stanza Living on Wednesday said it plans to invest Rs 150 crore in offering accommodation services for working professionals.
Starting with an inventory of 10,000 beds for working professional across Bangalore, Hyderabad, Pune and Coimbatore, the company aims to grow it to 50,000 beds in one year, Stanza Living MD and co-founder Anindya Dutta said.
"We will invest Rs 150 crore over a period of one year for working professional category with an aim to grow the category to 50,000 beds in next one year," Dutta said.
The company has been catering to the requirements of the student community and it now claims to have a consolidated inventory of 55,000 beds pan-India for students and working professionals.
Stanza Living will operate accommodation for working professionals as a separate business line that will be designed around the lifestyle needs of working professionals, he said.
The company plans to expand services for the working profession in six cities by the end of next quarter, Dutta said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app