Stanza Living To Raise $32 Mn From Accel, Motilal Oswal

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Managed accommodation space provider Stanza Living is set to raise INR 282.8 Cr (around $32 Mn) in a new funding round led by its early investor Accel, with Motilal Oswal joining in as a new backer.

As per its regulatory filings, the Delhi-based startup’s board approved the issue of 5,313 Series E preference shares at INR 5,32,205.8 each to raise the total amount.

In the said round, Accel is set to invest INR 222.78 Cr ($25.3 Mn), while Motilal Oswal will contribute INR 60 Cr ($6.8 Mn). Notably, Accel has already completed its investment…



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Stanza Living To Raise $32 Mn From Accel, Motilal Oswal


Managed accommodation space provider Stanza Living is set to raise INR 282.8 Cr (around $32 Mn) in a new funding round led by its early investor Accel, with Motilal Oswal joining in as a new backer.

As per its regulatory filings, the Delhi-based startup’s board approved the issue of 5,313 Series E preference shares at INR 5,32,205.8 each to raise the total amount.

In the said round, Accel is set to invest INR 222.78 Cr ($25.3 Mn), while Motilal Oswal will contribute INR 60 Cr ($6.8 Mn). Notably, Accel has already completed its investment…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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