Proptech startup Fretbox bags Rs 4 million in funding
Fretbox, a SaaS-based proptech firm, has raised Rs 4 million in capital from industry veterans including Persistent System board members, an ex-Tata Motors CIO, and an Invasystems VP. The firm makes daily life easier for housing societies, commercial complexes, and educational campuses by providing the most advanced app for security, community, and facility management.
The funds will be used to extend the startup’s activities in Tier II and Tier III cities. The firm is a multi-purpose application with numerous functions such as a notice board, visitor log, facility booking, digital assistant, surveyor, account and security desk, and much more. The safety of residents, tenants, and employees can also be improved by using an app.
With this funding, the business has appointed industry veterans such as Kedar Paranjpye and Siddharth Kaul to its board of directors. Universities, educational institutions, private hostels, government colleges, giant housing complexes, and co-living chains are among its clients.
Ashish Gupta, co-founder and CEO of Fretbox stated, “We are really appreciative to our investors for believing in and investing in Fretbox. Fretbox is currently available in Pune, Bhopal, Indore, and Bhubaneswar. With this funding, our entire focus is on extending our presence in other tier II and tier III cities.”
Fretbox, situated in Pune, was founded in 2020 by Ashish Gupta, Pranjul Guptaa and Bishnu Prasad as a proptech SaaS for hostels, PGs, and housing communities. Fretbox is a user-friendly SaaS virtual assistant platform for all housing societies to handle their society and community affairs. It is the only application that responds quickly to residents’ questions and concerns.
FretBox seems to be a captivating startup with inspiring new development on IT services and IT consulting platform. I’m certain this startup would keep on succeeding in its excursion ahead. All the best to the whole group. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes