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Investors - MARCH 5, 2020

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Sam Zell’s Equity International makes investment in India student housing startup

by Released

An affiliate of Equity International (EI), Sam Zell’s investment firm focused on building businesses globally, announced an investment in Stanza Living, India’s largest student housing and shared living operator.

The investment is part of Stanza Living’s Series C equity financing round, which saw participation from company’s existing institutional investors — Falcon Edge Capital, Sequoia India, Matrix and Accel Partners. The transaction provides capital to scale the portfolio, expand the geographic footprint, and solidify brand positioning. This marks EI’s second investment in India since 2011 and is consistent with the firm’s strategy of partnering with strong local entrepreneurs.

Tom Heneghan, EI’s CEO, commented, “Stanza Living addresses the under-served demand for high-quality, standardized housing in a market with approximately 20 million migrant millennial population. We see Stanza Living as the front-runner in this sector due to the company’s

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