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

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Nikhil Patwardhan

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Nikhil Patwardhan

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Shared accommodation startup Stanza Living’s attempts to secure fresh funding at a mark-up from its current $500 million valuation have fallen flat. With new investors unwilling to play ball, existing investors, including Alpha Wave and Peak XV Partners, have been forced to step into the breach

February 01, 2024

3 MINS READ

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.

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