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

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