FretBox Secures Rs 1 Crore Pre-Seed Funding from JSS STEP, India Accelerator, and Other Investors

• ByStartupStory     |    March 24, 2023

FretBox, a SaaS platform providing digital solutions for college and university campus hostels, has announced raising Rs 1 crore pre-seed funding from JSS STEP, India Accelerator, and a group of angel investors. The Noida-based startup plans to utilize the funds to propel its growth, diversify its product portfolio, and expand operations. FretBox’s innovative security, communication, and fund collection tools are set to transform campus hostels, and the latest funding will enable the company to enhance its capabilities and reach more customers.

FretBox, the SaaS platform offering digital solutions to college and university campus hostels, is targeting to onboard over 50 institutions by Q2 of FY24. The platform, already serving customers in Delhi-NCR, Uttar Pradesh, Madhya Pradesh, Odisha, and Jharkhand, has secured Rs 1 crore pre-seed funding from JSS STEP, India Accelerator, and angel investors to fuel its growth. FretBox is excited to have the backing of its investors as it expands its reach and enhances its offerings.

 

Ashish Gupta, the Founder and CEO of FretBox, expressed enthusiasm over the startup’s recent funding, stating that the support from JSS STEP, India Accelerator, and angel investors will allow them to grow their team, improve their products, and expand their customer base worldwide. FretBox’s goal is to make a positive impact on the residential experience of the education industry. 

JSS STEP, a startup accelerator with a strong record in supporting healthcare, education, and fintech startups, recognized the potential impact of FretBox’s campus hostel solutions on student living experiences. According to JSS STEP CEO Divya Rajput, FretBox’s platform is poised for success and growth.

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