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The Delhi-based student housing company Stanza Living has raised $ 4.4 million (₹30 crore) in debt funding from Alteria capital, an Indian venture debt fund.
This comes after the start-up raised $12.3 million (₹85 crore) from investors such as Sequoia Capital, Matrix and Accel Partners some time back.
“The student housing segment in India is largely unorganised. We are transforming the space by offering a professionally-managed student living experience. The funding will bolster our momentum to unlock an inventory of one lakh beds by 2021 and bring our high-quality Stanza Living brand experience to students across India,” said Anindya Dutta, MD and Co-Founder, Stanza Living. “Stanza is the type of game-changing venture that we love to partner,” said Ajay Hattangdi, Managing Partner, Alteria Capital.
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