The Hive Hostel – India’s First Luxury Hostel for Students, providing world-class accommodation with high-end amenities and services to cater to all the needs of the students. The brand was established by young entrepreneur Bharat Agarwal (CEO & Founder), in the year 2018.
The brand has recently raised funding of 2.5 crores raised from angel investors in the combination of debt and equity.
Since, its inception the company has been strengthening its existing business model i.e. Hive x Connect, wherein the brand help students at Hive get internships in their area of interest, and with regular events taking place they get access to the huge network of students that Hive has. The company is also planning to introduce personal improvement courses for students staying with us. And, with the growing culture of entrepreneurship and a vast number of emerging startups, the brand is also creating solutions for young entrepreneurs to turn their ideas into business by helping them right from getting pitch deck made to connecting them to investors and assisting them to scale their business.
Recently, the brand has also launched a new business ultra-luxury segment for students i.e. ‘Hive Luxe’, with these students would be able to get access to a rich hospitality experience that will include services such as a personal room with an intercom, airport pick up and drop facility, a monthly premium salon experience, and a personal butler to cater to all their needs, etc.
Hive is also focusing on increasing the inventory in the already established cities, with the aim to meet 100% occupancy in every city they go to. With just 1500 beds, Hive has reported Rs 2.5Cr revenue every month and is expected to generate Rs. 60Cr in revenue in the next academic session.
With the current capacity of approximately 1500 beds and on 16 properties on board across Mumbai, Delhi, Noida, Greater Noida, Bangalore, and Dehradun, we are going to increase it to 4000 beds before June 2022. The company has also started its expansion in cities like Dehradun, Mohali, Ahmedabad, Indore, and Vadodara. Hive is planning to hit the benchmark of 20,000 beds with 20 plus cities in India in the coming 2 years and provide premium quality with safe accommodation at a reasonable price.