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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2025)
Investment Thesis
The Hive Hostels is an early-stage unlisted co-living and student housing company based in Mumbai, incorporated in 2019. While the sector has strong tailwinds from India's urban housing shortage, the company faces intense competition from well-capitalized peers. With limited public financial data available, investor assessment is challenging at this stage.
Pros
Cons
Business Segments
Student Housing
Managed hostel and PG accommodation for students near educational institutions
Co-Living Spaces
Fully managed co-living facilities for young urban professionals
Luxury PG
Premium paying guest accommodation with amenities targeting working professionals
Revenue Model
Revenue is generated through accommodation fees (monthly rent/bed fees) from residents in co-living and hostel facilities. Additional income may come from ancillary services such as meals, laundry, and community events.
Detailed Analysis
Growth Plans
Rising urban migration and student population driving co-living demand
Post-COVID recovery in occupancy rates for managed accommodation
Industry Tailwinds
Rising urban migration and student population driving co-living demand
Post-COVID recovery in occupancy rates for managed accommodation
Comparable Companies
Frequently Asked Questions
About The Hive Hostels
The Hive Hostels is a Mumbai-based co-living and premium hostel company founded in 2019 by Siddharth Agrawal and Bharat Agarwal. The company operates a network of managed co-living spaces, student housing, and luxury PG (paying guest) accommodations across India's major cities. The Hive has raised total funding of over Rs 11.5 crore in a pre-IPO round in August 2024, with notable investors including Dr. Shriram Madhav Nene, Anmol Sood, Sahil Vachani (Max Estates MD/CEO), Rohit Kothari (Anchorage Capital Fund), Ritesh Malik, and Sixth Sense Ventures. The company operates under multiple brands including the core Hive Hostels, Aurus (luxury extension), and Hive Campus Living (university hostel management). It is targeting a Rs 1,200 crore IPO, signaling ambitious growth plans. The co-living model addresses India's growing urban housing demand, particularly from millennials, students, and young professionals who prefer managed, community-oriented living spaces. India's co-living market is expected to grow to $13 billion by 2025, driven by urbanisation, rising rental costs, and changing lifestyle preferences. The Hive's multi-brand strategy targeting students, professionals, and luxury co-living residents positions it across multiple customer segments in this high-growth market.
Key Milestones
Incorporated in 2019 in Maharashtra, registered with RoC
Established headquarters in Andheri East, Mumbai
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Competition from well-funded co-living players with national scale
Profitability challenges in capital-intensive asset-light to asset-heavy transition
Co-living businesses require high occupancy rates to remain viable; any dip in occupancy due to economic slowdowns or competition directly impacts unit economics.
Source: AlphaHub Research
The co-living sector includes well-funded competitors such as Stanza Living, OYO Life, and NestAway, creating significant pricing pressure.
Source: Media Reports / Public Records
Student and PG housing is subject to local municipal regulations, fire safety norms, and state government policies on managed accommodation.
Source: Media Reports / Public Records
Co-living businesses require high occupancy rates to remain viable; any dip in occupancy due to economic slowdowns or competition directly impacts unit economics.
The co-living sector includes well-funded competitors such as Stanza Living, OYO Life, and NestAway, creating significant pricing pressure.
Student and PG housing is subject to local municipal regulations, fire safety norms, and state government policies on managed accommodation.
Entered co-living segment targeting students and young professionals in urban India