[Funding alert] Falcon Edge Capital leads Series C funding round in Stanza Living
Summary
Student housing startup Stanza Living has raised an undisclosed amount as a part of its ongoing Series C round, led by Falcon Edge Capital. Co-founder Anindya Dutta said that the company is looking to invest a significant part of this capital in a potential acquisition of competitors and expand its presence across India. Speaking on the investment, Navroz D. Udwadia, Co-founder of Falcon Edge Capital said, In a statement to the media, the startup claimed that its business model puts students at the heart of its service design, development and execution. Speaking on future plans of the company, Anindya Dutta, Managing Director and Co-founder of Stanza Living, said, “We are excited to welcome Falcon Edge Capital at this strategic point in our growth journey where we are consolidating our presence. To build our capabilities and strengthen footprint, we are considering a healthy balance of organic and inorganic growth measures.” Founded by Sandeep Dalmia and Anindya Dutta in 2017, the New Delhi-based housing company is now present across nine cities including Bangalore, Delhi-NCR, Pune and Hyderabad.