The coliving startup’s revenue from operations jumped 2.9X to INR 115.08 Cr from INR 39.77 Cr in FY21
In line with the top line growth, Stanza Living’s total expenses grew 2X to INR 572.41 Cr in FY22
Founded in 2017 by Sandeep Dalmia and Anindya Dutta, Stanza Living provides rental accommodation to students and working professionals in more than 20 cities
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Delhi-based coliving startup Stanza Living’s consolidated net loss surged 1.8X to INR 417.4 Cr in the financial year 2021-22 (FY22) from INR 226.33 Cr in the previous fiscal year, in line with the growth in its top line.
Revenue from operations jumped 2.9X to INR 115.08 Cr from INR 39.77 Cr in FY21, as per the filings of its parent company Dtwelve Spaces Private Limited with the Ministry of Corporate Affairs.
Stanza Living generates a majority of its revenue by providing accommodation services to its residents, including other ancillary services. It charges a fixed amount from the residents, along with any fees in relation to ancillary services less any discounts, rebates, among others. These are generally payable based on the milestones defined in the contract with the customer.
Led by the rise in operating revenue, the startup’s total income rose 2.9X to INR 154.95 Cr in FY22 from INR 53.30 Cr in FY21.
On the expenditure front, total expenses surged 2X to INR 572.41 Cr from INR 279.63 Cr in FY21. Employee benefit expenses accounted for nearly 40% of the total expenses, rising 2.9X to INR 223.77 Cr from INR 74.66 Cr in FY21.
Employee benefit expenses comprise employee salaries, PF contributions, gratuity, and other employee welfare benefits.
Meanwhile, other expenses surged 2.6X to INR 160.8 Cr from INR 62.99 Cr in FY21. Other expenses included cost of power and fuel, rent, electricity expenses, advertising and promotional expenses, among others. The startup’s advertising and promotional expenses surged 3X to INR 22.01 Cr in FY22 from INR 7.44 Cr in the previous fiscal year.
Founded in 2017 by Sandeep Dalmia and Anindya Dutta, Stanza Living provides rental accommodation to students and working professionals in more than 20 cities across the country.
Last year, the startup made its debut in the managed apartment segment with an initial inventory of 5,000 rooms and an investment of $10 Mn. It launched customised apartments in six cities – Delhi, Gurugram, Bengaluru, Hyderabad, Pune and Chennai.
The startup is backed by investors such as Altreia Capital, Matrix Partners India, and Sequoia Capital India. It has raised $227.7 Mn in funding till date.
While the onset of Covid-19 pandemic and the subsequent stay-at-home mandates hit the coliving sector hard in 2020 and 2021, the startups in the sector have been seeing recovery from mid-2022. The coliving segment is expected to have 4,50,000 beds, mainly driven by organised players, by the end of 2024 as against 2,10,000 beds at the end of 2021, according to a Colliers report.
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