News Digest

28 November 2017
Matrix Partners, Accel invest in Stanza Living

The firm will use the funds to expand into new cities, upgrade its technology platform, and for hiring. While Dutta declined to disclose the amount, an official with one of the company's investors said it had raised $2 million. The official requested anonymity. Currently, Stanza Living offers accommodation for students in the National Capital Region centred around Delhi, and has plans to expand into educational hubs across the country. Dutta declined to share details of the new cities the company plans to expand to. It has around 100 students on its platform and plans to have 5,000 in the next two years.

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