The Hive Hostels Expands with 3,000 New Beds by FY25

The Hive Hostels, a leading provider of premium student accommodation, plans to expand its capacity by adding 3,000 beds by the end of FY2025. This growth initiative involves an investment of ₹10 crore and will enhance their current offering of over 5,000 beds across 20 properties in more than 10 cities in India.

To support this expansion and improve operational efficiency, The Hive Hostels has partnered with Crib, a property management software platform. This collaboration aims to fully digitalize the company’s business operations, financial systems, and management processes, enhancing both efficiency and service quality.

Rohan Gupta, Chief Marketing Officer of The Hive Hostels, emphasized the strategic importance of this partnership: “Crib’s innovative technology aligns with our vision for excellence. The introduction of Aurus - Luxury Student Residences, supported by Crib’s platform, will elevate our standards in luxury student living and operational efficiency.”

Additionally, The Hive Hostels has recently completed a pre-IPO funding round, raising ₹11.5 crore. The company is preparing for its public offering, slated for the second half of the next year. This expansion and funding effort underline The Hive Hostels’ commitment to growth and innovation. This announcement involves a business investment rather than a tender or contract.

news by Rahul Yelligetti