Student accommodation provider The Hive Hostels partners with Crib to digitise operations
Student accommodation provider, The Hive Hostels, has partnered with Crib, a property management software platform, to fully digitalize its business operations, financial systems, and management processes.
The company plans to add 3,000 beds by the end of FY 25 with an investment of Rs 10 crore.
The partnership with Crib aims to enhance The Hive Hostels' operational efficiency as the company prepares for its upcoming IPO.
With a presence in over 10 cities across India, The Hive Hostels operates 20 properties with more than 5,000 beds.
The company recently completed a successful pre-IPO funding round, raising Rs 11.5 crore. The company plans to go public in the second half of next year, underscoring its growth trajectory and market confidence.
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