About The Hive Hostels
The Hive Hostels is a Real Estate & Construction company based in Mumbai (India) founded in 2019 by Siddharth Agrawal and Bharat Agarwal. Provider of luxury PG and hostel accommodations. The Hive Hostels has raised $1.37 million across 1 funding round from investors including Inc42, Shriram Madhav Nene and Anmol Sood. The company has 176 employees. The Hive Hostels was last valued at $13.24 million in August 2024. Its Indian entity Colstay Limited reported revenue of ₹57.83 Cr. Its focus areas include Consumer, Residential Real Estate Tech, CoLiving and Managed. Its competitors include Your-space, Good Host Spaces and Placio; 3 of its 3 listed competitors have raised funding.
Company details
The Hive Hostels was established in 2019 in Mumbai, India, within the co-living and hospitality sector. Accommodations focused on luxury PG and hostel options are offered to students, emphasizing community-based living arrangements. Services include modern facilities tailored for educational environments, with operations centered in urban Indian locations. Expansion efforts are underway, backed by revenue from current sites, to address student housing needs across the country.
- Headquarters Mumbai, India
- Employees 176
- Founders Siddharth Agrawal, Bharat Agarwal
- Stage Minicorn
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website thehivehostels.com
- Social LinkedIn Facebook Instagram
- Legal Name Colstay Private Limited
- Date of Incorporation 28 May, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹57.83 Cr
FY 2025 · +42% YoY
- Net Profit₹3.12 Cr
FY 2025 · 5% margin
- EBITDA₹8.25 Cr
FY 2025 · 14% margin
- Total Equity Funding$1.37M (USD)
in 1 rounds
- Latest Funding Round$1.37M (USD), Seed
Aug 2024
- InvestorsInc42
& 11 more
- Employee Count176
Associated legal entities of The Hive Hostels
The Hive Hostels is associated with 2 registered companies on The Company Check; the primary company is Colstay Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Colstay Limited CIN U55209MH2019PLC325971 | Active | 28 May 2019 | Mumbai, Maharashtra | ₹57.8 Cr | 165 | 6 | View details |
| Colstay Private Limited CIN U55209MH2019PTC325971 | 28 May 2019 | Mumbai, Maharashtra, India | View details |
Funding Insights of The Hive Hostels
The Hive Hostels has successfully raised a total of $1.37M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.37 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.37M
- Total Rounds 1
- Last Round Seed — $1.37M
- First Round $1.37M
(Aug 2024)
- Investors Count 12
All 1 funding rounds of The Hive Hostels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $1.37M | Seed | $13.24M | Anchorage Capital Group |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $13.24M | •••••••• |
Last known valuation $13.24M (Aug 2024). 12 investors in total: 5 institutional and 7 angel.
Investors in The Hive Hostels
The Hive Hostels has secured backing from 12 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Inc42, Shriram Madhav Nene and Anmol Sood.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and hedge fund focused on long/short equity strategies | anchoragecap.com | New York, United States | ||
Investments in Indian Small and Medium Enterprises across manufacturing and services sectors. | tryrock.com | |||
Delivers financial, trading, hedging, and risk management services to businesses and investors. | 2022 | sixthsensesecurities.com | Delhi, India | |
Startup news, technology updates, and entrepreneurial statistics are delivered online. | 2015 | inc42.com | Delhi, India | |
SM Shriram Madhav Nene | unknown_1f9cc98cb53643878 | |||
AS Anmol Sood | Angel investor and entrepreneur, co-founder of Zostel, active in Indian startup ecosystem | unknown_245ee601a41e4c11a | ||
SV Sahil Vachani | CEO of Dixon Technologies, prominent angel investor in Indian startups | unknown_06e0b67057224f348 | ||
RM Ritesh Malik | Founder of Innov8, active angel investor in Indian startups | unknown_63e9d975f4264bd18 | ||
AM Ankit Mittal | Angel investor, ex-entrepreneur, focused on tech startups in India. | unknown_84258c2d20cc4e3c8 |
Investor details for The Hive Hostels
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Colstay Limited (The Hive Hostels)
Colstay Limited is the primary company behind The Hive Hostels. The board of Colstay Limited currently have 5 directors; the longest-serving is Bharat Agarwal, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bharat Agarwal DIN 08465466 | Managing Director | 28 May 2019 | 7 yrs 5 mo | Colstay Limited |
| Siddharth Agarwal DIN 08465467 | Whole-time director | 28 May 2019 | 7 yrs 5 mo | Colstay Limited |
| Vivekraj Rameshkumar Bagrecha DIN 10366648 | Director | 26 Oct 2023 | 3 yrs | Colstay Limited |
| Jay Kumar Shaw DIN 09627535 | Director | 07 Mar 2025 | 1 yr 7 mo | Colstay Limited |
| Neha Shukla DIN 11230754 | Additional Director | 10 Oct 2025 | 1 yr | Colstay Limited |
People of The Hive Hostels
9 people are tracked at The Hive Hostels (7 in leadership, 2 in team); the tracked headcount is 176.
| Name | Role | Group |
|---|---|---|
Siddharth Agrawal | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Rohan Gupta | Co-founder And Chief Marketing Officer | Leadership |
Premlata Gupta | Head Of Human Resources | Leadership |
Ravindra Rai | Head Of Operations | Leadership |
Ayush Singh | Operations And Business Head | Leadership |
Kapil Shrimali | Head Of Operations | Leadership |
Hemanshu Mehta | Business Development Manager | Team |
Mayur Padwal | Operations Manager | Team |
Complete people profiles for The Hive Hostels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of The Hive Hostels
Figures of Colstay Limited, the primary company behind The Hive Hostels, for FY 2025. Revenue was ₹57.83 Cr (+42% year on year). Net profit was ₹3.12 Cr (5% margin). EBITDA was ₹8.25 Cr (14% margin). Revenue has grown at a compounded annual rate of +100% over three years.
- ₹57.83 CrRevenue · FY 2025 · +42% YoY
- ₹3.12 CrNet profit · 5% margin
- ₹8.25 CrEBITDA · 14% margin
- ₹1.13 CrPaid-up capital
- 165Employees (provident fund records)
- +100%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Colstay Limited are on its company page.
Detailed financial statements for The Hive Hostels
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of The Hive Hostels
3 dated milestones of The Hive Hostels across 5 years, from founding to its latest funding, stage changes and deals.
- Founded The Hive Hostels is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
Competitors of The Hive Hostels
The Hive Hostels has 3 listed competitors in our database, 3 of them funded. They include Your-space, Good Host Spaces and Placio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| your-space.in | 2016 | Delhi, India | $22.17M | 443 | Co-living accommodations including hostels and PGs are provided for students. | |
| goodhostspaces.com | 2005 | Jaipur, India | $20.7M | 57 | Student housing and recreational facilities are developed for educational institutions. | |
| placio.in | 2016 | Noida, India | $2.63M | Platform for booking verified student housing near universities worldwide. |
Detailed competitors of The Hive Hostels
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of The Hive Hostels
The website of The Hive Hostels (thehivehostels.com) receives about 8K visits a month.
- Monthly visits8K
▼ 27% vs previous month
Websites whose visitors overlap most with The Hive Hostels. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| your-space.in | 100% | 52.8K | #596,904 | View details | |
| getsethome.com | 98% | 26K | #940,874 | View details | |
magicbricks.com | magicbricks.com | 92% | #4,651 | – | |
| anandproperties.com | 89% | View details | |||
| stanzaliving.com | 89% | 601.9K | #96,806 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for The Hive Hostels
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as The Hive Hostels (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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Related news about The Hive Hostels
Complete news archive for The Hive Hostels
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Frequently Asked Questions about The Hive Hostels
The Hive Hostels was founded in 2019 and raised its 1st funding round 5 years after it was founded.
The Hive Hostels is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The Hive Hostels is a funded company, having raised a total of $1.37M across 1 funding round to date. The company's 1st funding round was a Seed of $1.37M, raised on Aug 2024.
The Hive Hostels has 176 employees.
The primary company behind The Hive Hostels, Colstay Limited, reported revenue of ₹57.83 Cr for FY 2025, up 42% year on year.
The Hive Hostels was established in 2019 in Mumbai, India, within the co-living and hospitality sector. Accommodations focused on luxury PG and hostel options are offered to students, emphasizing community-based living arrangements. Services include modern facilities tailored for educational environments, with operations centered in urban Indian locations. Expansion efforts are underway, backed by revenue from current sites, to address student housing needs across the country.
The Hive Hostels's top competitors include Your-space, Good Host Spaces and Placio.
The Hive Hostels has 12 investors. Key investors include Inc42, Shriram Madhav Nene, Anmol Sood, Sahil Vachani, and Anchorage Capital Group.
The valuation of The Hive Hostels is $13.24M as of Aug 2024.
The Hive Hostels operates through Colstay Limited.
The legal entities of The Hive Hostels currently have 6 directors, including Bharat Agarwal, Siddharth Agarwal, Neha Shukla and others.