Stanza Living To Raise $32 Mn From Accel, Motilal Oswal

Managed accommodation space provider Stanza Living is set to raise INR 282.8 Cr (around $32 Mn) in a new funding round led by its early investor Accel, with Motilal Oswal joining in as a new backer.

As per its regulatory filings, the Delhi-based startup’s board approved the issue of 5,313 Series E preference shares at INR 5,32,205.8 each to raise the total amount.

In the said round, Accel is set to invest INR 222.78 Cr ($25.3 Mn), while Motilal Oswal will contribute INR 60 Cr ($6.8 Mn). Notably, Accel has already completed its investment while Motilal Oswal’s investment is expected to be completed soon.

This new equity round, which is likely to be the startup’s Series E round, would materialise just months after it raised INR 60 Cr ($6.8 Mn) in debt from Alteria Capital and Innoven Capital. Inc42 has reached out to the startup to understand the specifics of the funding round. The story would be updated based on the startup’s responses.

Founded in 2017 by Sandeep Dalmia and Anindya Dutta, Stanza Living operates managed accommodation for students and working professionals relocating to new cities. It claims to manage over 50,000 beds across 450 residencies spread across 15 Indian cities including Bengaluru, Mumbai, Delhi, Chennai, Hyderabad.

It partners with property owners and developers on fixed lease, revenue-sharing, or management contracts (typically spanning 5–12 years), and remodels properties to match its design standards. Services such as food, WiFi, laundry and security are bundled into its managed accommodation platform.

The startup entered the managed apartments space in 2022 with an initial inventory of 5,000 rooms and an investment of $10 Mn, launching customised apartments across Delhi, Gurugram, Bengaluru, Hyderabad, Pune and Chennai.

Before this round, Stanza Living had raised over $228 Mn in both debt and equity from investors such as Alpha Wave, Peak XV Partners, Accel, and Z47.

For FY24, Stanza Living reported an operating revenue of INR 584 Cr and reduced its net loss by 45% YoY to INR 273 Cr. The startup is yet to file its financial statements for the fiscal year FY25.

Notably, India’s student housing market remains largely unorganised despite growing demand. Reportedly, only about one in five students currently live in on-campus hostels, leaving the majority dependent on private PGs, rented flats, and informal setups. This gap has created a fertile ground for startups offering managed accommodation.

Startups like Stanza Living, HooLiv, YourSpace, Zolo, and EZStays are offering structured living spaces with modern amenities. As a result, they have seen investor attention as well.

For instance, HooLiv secured INR 24 Cr ( $2.73 Mn) in a pre-Series A round in 2025 to expand into non-metro cities. Similarly, EZStays raised INR 8.5 Cr ($1 Mn) to upgrade its tech platform, and Amber, an India-headquartered player, previously raised $21 Mn.

With rental yields ranging between 8% and 18%, the segment has become attractive for investors, but still remains fragmented.

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