Accel, a common investor in the two companies, is participating in the ongoing rounds at both Stanza Living and CityMall, sources told Moneycontrol.
Starting with around 10,000 hostel beds, the company has partnered with several engineering and management institutes.
Stanza Living, which provides rental accommodation to students and working professionals, was co-founded by Sandeep Dalmia and Anindya Dutta in 2017.
Catering to Delhi University students, YourShell was backed by the government's Standup India initiative
The flexi-contracts being offered on account of the coronavirus pandemic are for shorter duration
The company is planning to expand its working professional segment in three cities including Chennai, Delhi and Indore over the next three months
This is in addition to the Rs 30 crore Alteria invested in the company earlier this year, taking its total debt infusion in Stanza Living up to Rs 70 crore.