Funding Alert
Stanza Living has secured $57 million in debt financing from Kotak Mahindra Bank and other investors
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ByStartupStory | March 23, 2022
Stanza Living, a managed accomodation provider, has raised $57 million (Rs 425 crore) in debt financing from Kotak Mahindra Bank and RBL Bank, as well as its previous finance provider Alteria Capital.
The funds will be used to pay capital expenditures for current and future Stanza Living projects, as well as to speed up the company’s next phase of multi-city expansion. Stanza Living raised a healthy $100 million in equity capital in the middle of last year, which was followed by this loan infusion.
Stanza Living, which boasts over 75,000 beds in 23 locations around the country, provides shared housing for students and working people. Stanza Living has raised about $220 million in debt and equity so far.
Stanza Living recently introduced a new business vertical in the shape of campus facility management, in response to increasing interest from large academic institutions and corporations.
In India, the managed accommodation sector has seen a multi-fold surge in demand for dependable, high-quality, and safe lodging options, particularly in the aftermath of the epidemic. As the popularity of hybrid work/study models grows, operators like Stanza Living are developing solutions for a wide range of customer categories as the sector continues to draw investment.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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