Anindya Dutta (Stanza Living)
Overview
Anindya Dutta is a prominent entrepreneur known for co-founding Stanza Living, a leading co-living platform in India. Designed to cater to students and young professionals, Stanza Living provides managed accommodation with various amenities like meals, Wi-Fi, and housekeeping. Founded in 2017, under Dutta's leadership, the company has rapidly expanded, becoming one of India's most substantial housing startups. Dutta’s prior experience includes significant roles in real estate and investment banking, notably at Goldman Sachs and Oaktree Capital. His academic background includes an MBA from IIM Ahmedabad and an engineering degree from IIT Kharagpur. Stanza Living, co-founded with Sandeep Dalmia, reflects his dedication to improving living conditions for millennials in urban India.
Recent Developments
- FY23 Financial Performance: In FY23, Stanza Living reported a substantial rise in revenue to INR 442 crore from INR 115 crore in FY22. However, the company also faced increased losses, which grew to INR 495 crore, highlighting the cost challenges associated with rapid scaling (Entrackr).
- Funding Rounds: The startup raised INR 110 crore in a bridge funding round led by Alpha Wave, with participation from other existing investors like Matrix Partners and Accel India (Indian Startup News).
- Expansion of Services: Stanza Living ventured into the managed apartment segment, launching in six cities with 5,000 rooms and a $10 million investment. This move aims to diversify its offerings beyond traditional student housing (MoneyControl).
- Corporate Governance: The company has been working on strengthening its leadership team and organization structure to support its expansive growth strategy (Inc42).
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Anindya Dutta |
| Born | Not publicly disclosed |
| Nationality | Indian |
| Occupation | Entrepreneur, Co-founder of Stanza Living |
| Education | MBA from IIM Ahmedabad, Engineering from IIT Kharagpur |
| Known For | Co-founding Stanza Living |
| Net Worth | Not publicly disclosed |
| Languages Spoken | English, Hindi |
Early Life and Education
Anindya Dutta grew up with a keen interest in technology and business. He pursued an engineering degree from the Indian Institute of Technology (IIT) Kharagpur, which laid a strong foundation in technical skills. Later, he completed his MBA from the Indian Institute of Management (IIM) Ahmedabad, one of India's premier business schools. This combination of technical and managerial expertise prepared him for the challenges of the business world. His academic background played a crucial role in shaping his strategic thinking and entrepreneurial spirit, which later manifested in the founding of Stanza Living.
Career and Notable Achievements
Anindya Dutta's professional journey began in real estate and investment banking, where he held key positions at renowned firms like Goldman Sachs and Oaktree Capital. His experience in these roles honed his skills in financial management and strategic planning.
- Co-Founding Stanza Living: In 2017, along with Sandeep Dalmia, Dutta co-founded Stanza Living. The company quickly emerged as a significant player in the co-living sector, targeting students and young professionals.
- Rapid Expansion: Under his leadership, Stanza Living expanded its footprint across 24 cities, managing over 75,000 beds.
- Innovations: Introduced tech-enabled services like the Stanza Resident App for enhanced customer experience, and pioneered the concept of managed residences catering to modern urban lifestyles.
- Funding Milestones: Successfully secured substantial funding from prestigious investors such as Sequoia Capital, Matrix Partners, and Accel Partners.
Current Work and Impact
Today, Anindya Dutta continues to lead Stanza Living as it grows its operational capabilities and expands into new segments like managed apartments. His impact goes beyond the company's scale, contributing significantly to the evolution of co-living spaces in India. Stanza Living sets benchmarks in quality accommodation and service standards, directly impacting the lives of thousands who rely on its offerings for a better living experience.
Related Topics
Anindya Dutta Net Worth
While precise figures are not publicly disclosed, Anindya Dutta's net worth is substantially linked with his entrepreneurial success at Stanza Living, which has attracted significant investment and has been valued in the hundreds of millions in recent funding rounds.
Stanza Living Revenue
Stanza Living has demonstrated robust financial growth, with revenues soaring to INR 442 crore in the fiscal year 2023. This growth reflects its successful expansion and the increasing demand for high-quality managed accommodations in urban India.
Conclusion
Anindya Dutta's journey from a real estate and investment banking professional to the co-founder of Stanza Living illustrates a successful entrepreneurial path marked by strategic vision and execution. As Stanza Living continues to redefine co-living standards across India, Dutta's leadership ensures that the company not only thrives financially but also contributes meaningfully to the communities it serves. With its expanding portfolio and technological innovations, Stanza Living under Dutta's guidance is poised to continue playing a pivotal role in the evolution of the living accommodations sector in the coming years.
References
- Entrackr - Stanza Living posts Rs 442 Cr revenue and Rs 495 Cr loss in FY23
- Indian Startup News - Delhi-based managed accommodation provider Stanza Living raises Rs 110Cr in funding
- MoneyControl - Stanza Living invests $10 million in managed apartments segment
- Inc42 - Stanza Living Overview
- Entrackr - Managed accommodation provider Stanza Living raised $57 million in debt