Fretbox, a Pune, India-based SaaS-based proptech firm, raised Rs 4 million in capital from industry veterans including Persistent System board members, an ex-Tata Motors CIO, and an Invasystems VP.

The funds will be used to extend the company's activities in Tier II and Tier III cities.

With this funding, Fretbox has appointed industry veterans such as Kedar Paranjpye and Siddharth Kaul to its board of directors

Company: Binary Technologies Pvt. Limited

Raised: Rs 4.0M

Round: Unknown 

Funding Month: July 2022

Lead Investors: Persistent System board members, an ex-Tata Motors CIO, and an Invasystems VP

Additional Investors: 

Company Website: https://www.fretbox.in/

Software Category: SaaS virtual assistant platform

About the Company: Fretbox, situated in Pune, was founded in 2020 by Ashish Gupta, Pranjul Gupta, 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 helps you analyze your operations and services from important perspectives like occupancy, problem, feedback, and security. Fretbox is a mission to see happy, satisfied customers in SAAS services. 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. Fretbox's clientele encompasses universities, educational institutions, private hostels, government colleges, mega apartment complexes, and co-living chains. 

Source: https://www.startuplanes.com/proptech-startup-fretbox-bags-rs-4-million-in-funding/