FretBox CXO secures seed investment led by factor.


New Delhi (India), May 22: Noida-based B2B Proptech SaaS company, FretBox has received seed investment from CXO Factor, a leading investment advisory firm based in Los Angeles. The investment marks CXO Factor's first investment in the Indian startup ecosystem.

Freightbox's existing investors from angel and pre-seed funding rounds have also increased their investment in this seed funding round.

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As higher education in India is experiencing rapid growth, there is a growing demand for modern hostel infrastructure and advanced technology to support digitization and automation. FretBox (FretBox), a scalable and specialized vertical SaaS platform, caters exclusively to university student accommodation and is well positioned for substantial growth in this growing market.

Ashish Gupta, CEO – FretBox said on the occasion, “The investment and support will be used to rapidly develop our technological offerings and expand our reach.” Bishnu Sahu, CTO and Siddharth Kaul, COO echoed their sentiments, stressing the importance of funding in accelerating a company's growth and innovation.

FretBox has transformed the university student living experience at prestigious campuses, including Galgotias University in Noida, Thapar Institute in Patiala, KIIT in Bhubaneswar, Oriental University in Indore, and People's University in Bhopal, serving over 60,000 students. benefited Additionally, more than 50 additional universities are currently in talks to implement FretBox solutions to enhance hostel management and provide a stress-free living experience for students.

About FretBox

Founded in 2022, FretBox offers a comprehensive proptech solution for university and college hostels. The platform offers features like a notice board, visitor log, facility booking, digital assistant, fee collection and security desk. Serving a diverse clientele, FretBox partners with both private and public institutions, committed to enhancing the student living experience through digital innovation.

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