Wed Sep 11 09:06:08 UTC 2024: ## The Hive Hostels Aims for Growth with ₹10 Crore Investment and Digital Transformation

**Bangalore, India – ** The Hive Hostels, a leading provider of premium student accommodation, has announced plans to expand its portfolio by adding 3,000 beds by the end of FY2025. This ambitious expansion, fueled by a ₹10 crore investment, will bring the company’s total bed count to over 8,000 across 20 properties in over 10 cities in India.

The company has also announced a partnership with Crib, a property management software platform, to fully digitize its business operations, financial systems, and management processes. This strategic move is intended to enhance operational efficiency and position The Hive Hostels for an upcoming IPO in the second half of next year.

“Crib’s innovative technology perfectly aligns with our vision for excellence,” said Rohan Gupta, Chief Marketing Officer of The Hive Hostels. “The launch of Aurus – Luxury Student Residences, supported by Crib’s platform, will allow us to set new standards in luxury student living and operational efficiency.”

This recent expansion comes after The Hive Hostels successfully completed a pre-IPO funding round, raising ₹11.5 crore. The company’s focus on digitalization and its commitment to expanding its premium student housing offering signals a strong future for The Hive Hostels in the Indian market.

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