AGRIM and The Hive Hostels Secure Major Funding to Drive Expansion in Agri-Inputs and Luxury Student Housing Sectors

AGRIM and The Hive Hostels Secure Major Funding to Drive Expansion in Agri-Inputs and Luxury Student Housing Sectors

AGRIM and The Hive Hostels Raise Funding to Expand in Agri-Inputs and Student Housing

Two companies, AGRIM and The Hive Hostels, have secured new funding to grow their businesses. AGRIM is focusing on the agri-inputs sector, while The Hive Hostels is expanding luxury student housing.

AGRIM Raises $17.3M for Agri-Inputs Platform

AGRIM, a B2B platform for agri-inputs, has raised $17.3 million (Rs 145 crore) in a Series B funding round led by Asia Impact. The funds will help AGRIM expand across India and improve its technology platform.

  • About AGRIM: Founded in 2020, AGRIM offers over 30,000 products from 1,200 manufacturers to 25,000 retailers, serving 15 million farmers. The company had earlier raised $10 million in Series A funding from Kalaari Capital.
  • What’s Next: AGRIM aims to become the top platform for agri-input retailers. Founders Mukul Garg and Avi Jain plan to use the new funds to invest in technology and grow their team. Asia Impact’s Christian Banno praised AGRIM’s growth and innovative approach.

The Hive Hostels Secures Rs 11.5 Crore for Luxury Student Housing

The Hive Hostels, a luxury student housing provider, has raised Rs 11.5 crore in pre-IPO funding. Key investors include Shriram Madhav Nene, Anmol Sood, and Sahil Vachani of Max Estates. The funds will support The Hive Hostels’ expansion and the development of its luxury brand, Aurus.

  • New Offerings: The Hive Hostels is launching Hive Campus Living, a service that manages hostel operations for universities. This move will help them reach more students and expand their impact.
  • Future Plans: Founder Bharat Agarwal sees strong demand for high-quality student housing. The company plans to go public with an IPO in the second half of next year and aims to achieve a revenue of Rs 60 crore this fiscal year.

Strategic Expansions in Agri-Inputs and Student Housing

AGRIM and The Hive Hostels are set to grow in their sectors. AGRIM is focused on improving the agri-inputs supply chain, while The Hive Hostels is enhancing student housing with luxury options. These expansions reflect innovation and growth in key areas of the Indian market.

Both companies are moving forward with strategic plans, aiming to increase their market presence and deliver more value to customers.

‍