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…