YourShell, a leading student accommodation brand in Delhi NCR, announced today that they have been acquired by Stanza Living – India’s largest managed accommodation company. The two companies have been in talks since late last year, culminating now in a deal.
Stanza Living is India’s largest managed accommodation company, offering dedicated living solutions for students and working professionals for an inventory of 55,000+ beds across 14 cities. The company is backed by marquee global investors like Equity International, Falcon Edge Capital, Sequoia India, Matrix Partners, Accel Partners and Alteria Capital. Stanza Living was founded in 2017 and is headquartered in New Delhi, India.
YourShell was established by Delhi University students and is among the youngest startups to raise venture debt under the Government of India’s Standup India program. The professional student housing segment has been on an upward surge in the last few years, attracting global investors and large-scale real estate partners.
YourShell was launched in 2017 with 145 beds to provide easy to book, serviced, and affordable rental homes to students within the coveted North campus area of Delhi University. Currently, they have over 600 beds in 18 properties.
Shaifali Jain, Co-founder, YourShell said, “We have been closely following Stanza Living’s journey and admired their operational expertise and how they have scaled their business pan-India. When we learnt that they were looking at strategic acquisitions for growth, we believed it was the ideal time to pass on the reigns to the experienced team at Stanza Living and become a part of their rapid-scale story.”
Sunny Garg, Co-founder, YourShell said, “As students ourselves, we had seen the primitive condition of student housing options in the city from close quarters. YourShell was launched to revolutionize the daily living experience of students through a high-quality product built around convenience and choice. 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. The success of our venture has stoked the entrepreneur in us and we are now moving on in search of the next big idea.”