Noida-based FretBox, a B2B Proptech SaaS company, has announced securing seed investment from Los Angeles-based investment advisory firm CXO Factor. This marks CXO Factor’s first venture into the Indian startup ecosystem.
Existing investors from FretBox’s Angel and Pre-seed funding rounds have also increased their stakes in this Seed funding round.
As higher education in India continues to expand rapidly, the need for modern hostel infrastructure and advanced technology to support digitization and automation is growing. FretBox, a specialized vertical SaaS platform, addresses this demand by catering exclusively to university student accommodation, positioning itself for significant growth in this market.
Ashish Gupta, CEO of FretBox, remarked, “The investment and support will be used to rapidly develop our technical offerings and expand our reach.” CTO Bishnu Sahoo and COO Sidharth Kaul emphasized the importance of the funding in accelerating the company’s growth and innovation.
FretBox has already enhanced the university student living experience at prestigious institutions such as Galgotias University in Noida, Thapar Institute in Patiala, KIIT in Bhubaneswar, Oriental University in Indore, and People’s University in Bhopal, impacting 60,000 students. Additionally, over 50 other universities are currently in discussions to implement FretBox’s solutions to improve hostel management and provide a stress-free living experience for students.
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By Proptechbuzz
By Ravi Kumar
