- To close record 2,000 beds in one year; growing at a rate of 20X
- Expanding its offerings across Noida, Greater Noida and Dehradun
- Further looking at tapping cities such as Bangalore, Hyderabad, Jaipur, Kota and Pune this FY
Stanza living is looking to scale up its volume by 20 times in 2018, targeting 2000 beds from the current 100 beds. The Company is looking at clocking revenues worth 20 crores this year as they are entering newer areas of like Noida, Greater Noida, and Dehradun. The company is further looking at having pan India operations by the end of the year and over 10,000 beds in the next 12-18 months
Stanza currently has 6 properties in Greater Noida, Noida and a total of 1200 beds and is looking at breaking even by the end of this FY.
June 11, 2018: With the college admission season just around the corner, Stanza Living, a unique co-living student housing platform has expanded its offering spanning over 2,000 beds across multiple educational hubs such as Delhi University – South Campus, Delhi University – North Campus, Noida, Greater Noida and Dehradun. The company is also looking at increasing its portfolio to over 10,000 beds in the next 12-18 months.
With a ‘student’s first’ approach, the company currently operates in Delhi University’s North Campus and South Campus. Apart from offering high-quality accommodation services to students, the company also offers additional services like career enhancement opportunities as part of their ‘Stanza Springboard’ programme. Additionally, ‘Stanza Social’ is another unique program which the company runs under which it organizes a range of community events throughout the year and provides exclusive, discounted access to a curated list of restaurants, events, coaching classes along with goodies and rewards to Stanza’s community of student residents.
With safety and security being a huge concern for parents, Stanza residences are equipped with advanced, high-tech security systems that provide a safe and secure environment to students. A technology enabled 24-hour central command center, an on-ground rapid response team, perimeter tagging, geo-fencing and motion sensors attached to all residences are some of the unique measures used by the company to prevent unauthorized entry into its resident facilities and ensure a safe and secure environment while offering students the flexibility of enjoying their college.
Commenting on the expansion plans, Sandeep Dalmia, co-founder, Stanza Living said, “Stanza Living is not just another hostel or paying guest accommodation, but a unique community living concept created for students moving to a new place to pursue their dreams. We go beyond accommodation in what we have to offer – we see ourselves as a ‘students first’ brand and hence Stanza Social and Stanza Springboard are uniquely designed keeping the interests of the student in mind. We recently hired 50 interns across 10-12 colleges across India and are providing them with once-in a lifetime opportunity to work in a fast-paced, constantly evolving start-up ecosystem, helping us understand and solve student problems and allowing us to train them for various skill sets such as marketing, content, sales, using digital and social media platforms.”
Anindya Dutta, co-founder, Stanza Living further added saying, “We are re-imagining co-living in India with our student-first approach by providing best of living experiences with our world-class accommodation offerings. In terms of revenue, weclocked 2 crore-3 crore in 2017-18 with all units profitable. We’re currently aggressively expanding and have witnessed 20x growth since our inception. Stanza Living, a young start-up has grown exponentially, with the numbers of beds we are managing rising from 100 to 2,000 in the last 12 months. We are excited at this pace of growth which makes us one of the fastest growing start-ups in the Indian eco-system with a strong focus on high quality delivery and execution.
About Stanza Living
Stanza Living (www.stanzaliving.com) is a technology-enabled, high-quality student accommodation concept which is seeking to disrupt the multi-billion-dollar student housing market by putting the student, as a consumer, at the heart of the product and service design, development and execution. From smart space planning in rooms to gamifying food, from creating common areas for engagement and community living to delivering reliable, predictable and standardized services to residents through back-end cutting-edge technology integration, Stanza is challenging the status quo when it comes to student community living. For the first time, Stanza Living is making student accommodation an experience product in line with evolved hospitality areas like hotels and serviced apartments. Stanza currently operates in Delhi-NCR and is targeting to expand its offering across multiple student markets in the country in the coming months.