FretBox Raises Investment Of ₹4 million and joins SaaS cohort of Indian Accelerator
Noida, September 2022: FretBox, a Prop-tech SaaS start-up for campus hostels, and PGs recently joined the SaaS cohort of India Accelerator, a seed-stage accelerator program that helps startups grow by providing advisory, networking, customers, and fund to achieve their goals and set them on a good trajectory towards growth.
On top of this, FretBox has recently raised 4 million INR of Pre-seed funding from an Angel Investor.
This fund would be used for technical upgradation & the expansion of the FretBox team in cities like Delhi NCR, Pune, Bhopal, Indore, Bhubaneshwar, etc. On this investment, Mr. Ashish Gupta, Co-founder and CEO of FretBox, said, “With the help of this investment, we are looking forward to building a product our beta customers of Universities & College want for their hostels, expanding our clientele portfolio, and looking forward to enhancing our tech stack for use of students and facility teams of these hostels.”
On the tie-up with Indian Accelerator, Mr. Sidharth Kaul, Co-founder, and COO of FretBox said, “With joining hands with IA, we aim to catalyze our growth by tripling our clientele by this financial year. Our vision to provide safety, security, and better service to all those living in hostels and PGs nationally and internationally will be achieved.”