NEW DELHI: Controlled lodging supplier Stanza residing has bought Delhi-based pupil lodging supplier YourShell at an undisclosed quantity. Folks acutely aware of the advance mentioned that the 2 firms were in talks since overdue final 12 months.
YourShell was once established by means of Delhi College scholars and is likely one of the youngest startups to lift mission debt beneath the Govt of India’s StandUp India program.
“When we learnt that Stanza Living was looking at strategic acquisitions for growth, we believed it was the ideal time to pass on the reigns to the experienced team,” mentioned Shaifali Jain, Co-founder, YourShell.
The corporate with 18 homes, was once operationally successful throughout their portfolio. YourShell was once introduced in 2017 with 145 beds to offer houses to scholars inside the North campus space of Delhi College.
“As students ourselves, we had seen the primitive condition of student housing options in the city from close quarters. Over the last couple of years, we not only built a strong brand preference among the student community, but established a solid, hyper-growth business,” mentioned Sunny Garg, Co-founder, YourShell.
Stanza Residing is likely one of the biggest controlled lodging corporate with a list of 55,000+ beds throughout 14 towns. The corporate is subsidized by means of world buyers like Fairness Global, Falcon Edge Capital, Sequoia India, Matrix Companions, Accel Companions and Alteria Capital.