SaaS platform FretBox raises Rs 1Cr led by JSS STEP, India Accelerator, others

Noida-based SaaS startup for hostels FretBox has raised Rs 1 crore in a pre-Seed funding round led by JSS STEP, India Accelerator, and a clutch of angel investors.

According to the startup, the raised capital would be utilized towards the company's growth, expand product offerings, and scale the operations.

FretBox is helping university & college hostels in the digital transformation of their campuses with help to upgrade security, communication, assistance, and fund collection tools.

The startup said that it has made student proof of presence simple, seamless, and at the fingertips of the warden, which brings convenience to students to raise complaints and leave requests and stay tuned to hostel information 24X7.

“We are thrilled to have the support of JSS STEP, India Accelerator, and our angel investors as we continue to grow FretBox. Their network & investment allow us to expand our team, enhance our product offerings, and reach more customers around the world. We are excited to take the next step in our journey and make a positive impact on the residential experience of the education industry.” said Ashish Gupta, Founder, and CEO, FretBox.

“Ashish is a hustler and we assessed their performance since the beginning of FretBox, FretBox for campus hostels is deemed to scale and make an impact on the residential experience of students,” said Divya Rajput, CEO of JSS STEP.

Also Read:

• Self-drive car rentals platform IndusGo raises Rs 100Cr from parent Indus Motors

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.