Stanza Living raises Rs 40 crore from Alteria

New Delhi: Co-living operator Stanza Living has raised $5.7 million (around Rs 40 crore) from venture debt fund Alteria Capital to fund its expansion plan and future growth.

Alteria Capital, had earlier invested $4.3 million (Rs 30 crore) in Stanza Living, taking the total debt infusion to $10 million (Rs 70 crore).

Founded in 2017, Stanza Living has so far raised $70 million. "The capital infusion will enable us to further increase the pace of our strategic growth across markets through organic and inorganic measures," said Anindya Dutta, MD, Stanza Living.