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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. ....
Oyo checks out from unviable ventures, assets indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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.
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 funding round led by an Abu Dhabi based investor. ....