Business Standard

Stanza Living secures $57 mn debt financing from Kotak Mahindra Bank, RBL

With an inventory of more than 75,000 beds, Stanza Living is the managed accommodation provider of choice for students and working professionals migrating to 23 cities across the country

A double-occupancy room of Stanza Living. The rent for such a room in South Delhi starts at ~9,000
Premium

A double-occupancy room of Stanza Living

Peerzada Abrar Bengaluru
Stanza Living, India’s largest tech-enabled managed accommodation company, has secured $57 million (Rs 425 crore) in debt financing led by Kotak Mahindra Bank and RBL Bank, with its existing debt provider Alteria Capital also participating. The proceeds will be utilized to fund capital expenditure for Stanza Living’s current and future projects and accelerate the company's next phase of multi-city expansion. This debt infusion comes on the back of the solid $100 million equity funding raised by Stanza Living mid last year.

Today, with an inventory of more than 75,000 beds, Stanza Living is the managed accommodation provider of choice for

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 23 2022 | 12:59 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com