The Hive Hostels funding, investors and company details

The Hive Hostels is an emerging Hospitality startup from Mumbai, working in the space of Manages luxury student accommodations. Founded by Siddharth Agrawal, Bharat Agarwal.

Company: Colstay Limited
Sector: Hospitality
Location: Mumbai
Founders: Siddharth Agrawal, Bharat Agarwal
Total funding raised: ₹11.5 Cr

Company overview

The Hive Hostels manages luxury student accommodations and PGs across 10+ cities including Mumbai, Delhi, Noida, Ahmedabad, Jaipur, and Dehradun, operating 20+ properties with over 5,000 beds. Core activities encompass property acquisition/leasing, full furnishing with modern amenities (meals 3-4x daily, WiFi, laundry, housekeeping, game zones, 24/7 security), centralized booking via website/app, community events, and partnerships like Crib for operational efficiency targeting 3,000 additional beds.

Funding rounds

Latest round (Pre-IPO): ₹11.50 Cr. ($ 1.37 Mn), 2024-08-30. Investors: Shriram Nene, Anmol Sood, Sahil Vachani, Anchorage Capital Partners (India), Ritesh Malik (Innov8), Sixth Sense Ventures