Student Housing Startup Stanza Living Enters Jaipur Market
Stanza Living expanded its footprint in Jaipur by launching customized, fully-managed, tech-enabled living spaces for students and working professionals. The company is beginning operations in the city with a capacity of 600 beds. Besides new markets like Jaipur, the startup will continue to strengthen its presence across more than 16 cities where it currently operates. The managed accommodation sector in India has largely been fragmented and unorganized, suffering from infrastructure and service quality gaps like ill-maintained and cramped buildings, poor quality food, lack of access to daily facilities and more. Anindya Dutta, MD and co-founder, Stanza Living, said, “After gaining major market share across leading student and working professional hubs like Delhi NCR, Dehradun, Indore, Vadodara and more in North India, entering Jaipur is a natural progression for the business. We are very optimistic about our growth in the state.” The company is backed by global investors like Equity International, Alpha Wave Incubation, Falcon Edge Capital, Sequoia India, Matrix, Accel Partners and Alteria Capital.
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