Introduction: The Hive Hostels, a leading student accommodation provider, is on an impressive growth trajectory as it plans to add 3,000 new beds by the end of the Financial Year 2025. In an effort to streamline and elevate its operations, the company has also partnered with Crib, India’s top property management software platform, to fully digitize its systems. This exciting expansion and digital shift come as the company prepares for its highly anticipated IPO.

Expanding Horizons: 3,000 New Beds by FY25

The Hive Hostels is committed to providing students across India with premium living spaces. By the end of FY25, the company plans to add 3,000 new beds to its portfolio, representing a significant step forward in its growth. With an investment of Rs 10 crore, this expansion solidifies The Hive Hostels’ position as a leader in the student accommodation sector. Currently, The Hive operates in over 10 cities with 20 properties, totaling more than 5,000 beds. With the upcoming IPO set for the second half of next year and a successful pre-IPO funding round of Rs 11.5 crore, the brand continues to gain market confidence as it scales.

Introducing Aurus – A New Era in Luxury Student Living

As part of its growth strategy, The Hive Hostels is proud to introduce Aurus – Luxury Student Residences. This premium offering, starting with 450 beds, raises the bar for student accommodation by blending luxury with practicality. With a focus on creating comfortable and sophisticated living spaces, Aurus comes equipped with:

Sophisticated Design: Interiors that exude modern elegance while ensuring comfort for residents.

High-End Amenities: Smart home technology, state-of-the-art fitness centers, and stylish communal areas.

Exceptional Comfort: Spaces that foster academic success while promoting personal well-being.

The Hive Hostels plans to expand Aurus by an additional 1,000 beds in the upcoming session, catering to the growing demand for high-end student housing options.

Partnering with Crib: Pioneering Digital Transformation in Co-Living

To support its expansion and upcoming IPO, The Hive Hostels has partnered with Crib Property Solutions, a cutting-edge property management software platform. This partnership is set to transform The Hive’s operational efficiency by fully digitizing its business processes. Crib, known for its innovation in the co-living sector, currently works with over 2,000 co-living operators and hostel owners across India, managing over 200,000 beds.

Crib’s technology will introduce:

Efficient Booking and Payments: A streamlined system for reservations, payments, and financial management.

Optimized Resident Support: Advanced tools for handling resident feedback, complaints, and maintenance issues.

Data-Driven Insights: Comprehensive analytics to enhance operational efficiency and improve the resident experience.

Shaifali Jain, Co-Founder & CPO of Crib, highlighted the significance of this collaboration:
“We started Crib for companies like The Hive Hostels, which represent the future of co-living and student housing in India. Our mission is to allow operators to focus on delivering top-notch real estate and hospitality experiences while we manage the rest.”

Looking to the Future: Redefining Luxury and Efficiency in Student Housing

The partnership between The Hive Hostels and Crib is set to be a game-changer in the student accommodation market. Rohan Gupta, Chief Marketing Officer at The Hive Hostels, emphasized the impact of this collaboration:
*”Our collaboration with Crib is a game-changer. Their innovative technology