FretBox Secures Seed Funding Round
FretBox, a Noida, India-based B2B proptech SaaS company, has secured a seed funding round.
The investment was from CXO Factor, an investment advisory firm based in Los Angeles, marking CXO Factor's first investment in the Indian startup ecosystem.
Additionally, existing investors from FretBox's Angel and Pre-seed funding rounds have increased their investment in this seed funding round.
FretBox Use of Funds
The company will use the funds to rapidly develop and enhance its technical offerings and expand its market reach and client base.
Fretbox specializes in providing digital solutions for university student accommodation. Established in 2022, FretBox offers a scalable and specialized vertical SaaS platform designed to enhance hostel management and the student living experience. The platform includes features such as a notice board, visitor log, amenities booking, digital assistant, fee collection, and security desk. FretBox serves a diverse range of clients, including both private and government institutions, and is committed to advancing the digitization and automation of student accommodations.
Funding Details
Company: FretBox
Raised: Undisclosed
Round: Seed Round
Funding Month: May 2024
Lead Investors: CXO Factor
Additional Investors:
Company Website: https://www.fretbox.in/
Software Category: Property Management