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The Hive Hostels secures $1.4 mn in pre-IPO fundraise

VCCircle

VCCircle · 10m

The Hive Hostels secures $1.4 mn in pre-IPO fundraise

The Hive Hostels, a student accommodation provider in India, has raised approximately $1.4 million in its first external funding round. The company plans to use the funds to develop luxury student residences under the brand name Aurus. The Hive Hostels is expected to go public in the second half of next year.

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