Private Equity

Angel Investments

Luxury housing brand for students The Hive Hostels raises Rs.11.5 Cr

Yourstory   The Hive Hostels  

Mumbai-headquartered luxury student housing brand The Hive Hostels has completed a pre-IPO funding round by raising INR 11.5 crore from Shriram Madhav Nene, Anmol Sood, Sahil Vachani and Rohit Kothari’s Anchorage Capital Fund, among others.Kyro Capital served as the transaction advisor for The Hive Hostels for the funding round.The funds will be used to develop Aurus, a luxury extension of The Hive Hostels designed to offer exclusive and high-end student residences.The Hive Hostels, which offers upscale living arrangements tailored specifically for students, is gearing up for an Initial Public Offering (IPO) slated for the second half of next year. The firm has hostels in Mumbai, Ahmedabad, Noida, and Dehradun.