Stanza Living opts for bridge round as potential investors baulk at valuation ambitions

Gurugram-based Stanza Living, which provides shared accommodation for working professionals and students, has turned to internal investors to raise a bridge round after its efforts to seek external funding failed.

The company has commitments of Rs 200 crore ($25 million) from its existing investors, including Alpha Wave, Matrix Partners, and Peak XV Partners, three people with direct knowledge of the matter told The CapTable. Stanza has already raised Rs 100 crore of this, and is expected to raise the balance in a few weeks, the people said, requesting anonymity as the discussions are private.