The company has raised the funds in a mix of debt and preference shares from Alteria Capital India Fund-I
In October, Stanza Living had acquired student accommodation provider YourShell for an undisclosed amount
In 2019, Stanza Living raised $4.4 Mn in venture debt from Alteria Capital
Delhi-headquartered co-living startup Stanza Living has raised INR 44 Cr ($5.9 Mn) in a mix of debt and preference shares from Alteria Capital India Fund-I.
According to filings with the Ministry of Corporate Affairs (MCA) accessed by Inc42, the company has raised the funds by issuing 86 Series C3 Cumulative Compulsorily Convertible Preference Shares (CCPS) and 4000 non-convertible debentures (NCDs) at a face value of INR 100 per CCPS and INR 1 lakh per NCD. The premium for CCPS is INR 4,66,334 per share. The company also raised INR 40 Cr in debt.
The company has raised $70.2 Mn in five funding rounds. Earlier this month, Stanza Living had raised INR 69 Cr ($9.3 Mn) from GHI India by issuing six…