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Alpha Wave invests $100 million in India-based Stanza Living
Alpha Wave Incubation (AWI), a VC fund managed by Falcon Edge, has been investing at a steady pace. It has now invested well over $100 million in Stanza Living through its two subsidiaries.
The Delhi-based company has approved the issue of 8,430 Series D CCPS and10 equity shares, at an issue price of INR 9,11,440 per share to INR 769 crore/ $102 million. Stanza Living was valued at $300 million as of 2019 during its previous financing round led by Falcon Edge and was in talks to raise around $120 million in its Series D round.
Falcon Edge has invested $100 million/ INR 739.3 crore in the new round while the rest has come from Stanza Living’s other existing backers Sequoia Capital and Matrix Partners.