Onsurity, India’s first tech-enabled employee healthcare platform for emerging businesses, and Visa, the world’s leader in digital payments have come together to provide a subscription-based healthcare program for employees of small and medium-sized enterprises (SMEs) and their families.
Sequoia-backed Stanza Living in final stages of raising up to $120m
March 14, 2021
Stanza Living, a managed accommodation provider in India, is in the final stages of sealing a deal to raise up to $120 million in a Series D round led by an Abu Dhabi-based investor, two sources with knowledge of the matter have told Reuters.
The latest funding round values the company at about $600 million, one of the sources said, up from about $300 million in the prior Series C round in 2019, adding that the deal is expected to close by the end of this month.
Stanza‘s business model centres around the huge market in small guesthouses – locally called PGs, short for Paying Guest – which provide affordable food and accommodation to both students and workers migrating to India’s fast-growing megacities.
Stanza has so far raised $70 million from venture capital firms including Sequoia Capital, Accel Partners, Matrix Partners, Falcon Edge Capital and Equity International.
Sequoia-backed Stanza Living in final talks to raise up to $120 mn: Report business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.