Business

Fretbox: An Indian Startup journey

After China, India has the worlds second-largest internet user base, making it easier for businesses FretBox is the Proptech SaaS for hostels and PGs.

A great Indian startup is typically a combination of an exciting, practical, and feasible idea. A great startup can predict future trends and quickly adapt to rapidly changing business environments.

India is a startup haven with over 75,000 startups. Prime Minister Narendra Modi is confident that 44% are based in Tier II and III cities.

These figures are only rising. Its a craz rush! India currently has the worlds second-largest startup ecosystem.

One of them is FretBox. With 7 million graduates graduating each year and preferring to work in startups rather than MNCs, the size of the domestic market has grown dramatically.

After China, India has the worlds second-largest internet user base, making it easier for businesses FretBox is the Proptech SaaS for hostels and PGs.

Founded with the thought of providing safe hostel and PG services to the students and the upcoming generation.

The company has collaborated with more than ten premium institutes and universities across cities like Pune, Bhopal, Indore, and Bhubaneswar.

Fretbox is already digitally transforming students' lives in hostels like Balaji Management College, Oriental Group of Colleges, LNCT Group of Colleges and Rajkiya Engineering College. Founded in 2021, this startup helps simplify hostels ; and PG daily operations by giving them the right tools to manage information, people & security.

FretBox clientele encompasses universities, educational institutions, private hostels, government colleges, and co-living chains.

The FretBox platform has features like a digital notice board, visitor log, amenities booking, digital assistant, surveyor, account and security desk, and more.

The company is also discussing collaboration with three universities, having a combined student strength of over 24,000 in its hostels.
In light of these collaborations, Mr. Ashish Gupta said, We are happy to have collaborated with these premium institutes.
Not only that, but we do thank these institutes for believing in Fretbox and using its services in their hostels ; Furthermore, he said; With these collaborations, we are on a solid growth trend.
Similarly, we look forward to more partnerships with colleges and universities across India
Recently, the startup raised an investment of ₹4 million in its first round. They presented this investment to expand its operations in Tier II and Tier III cities PAN India.
On top of this, FretBox has managed to raise another investment of 4 million INR of Pre-seed funding from an Angel Investor.
This fund would also be used for technical upgradation & expansion of the FretBox team in cities like Delhi NCR, Pune, Bhopal, Indore, Bhubaneshwar, etc.
On this, Mr. Ashish Gupta, Co-founder, and CEO of FretBox, said, " With the help of this investment, we are looking forward to building a product our beta customers of Universities &
College want for their hostels, expanding our clientele portfolio, and looking forward to enhancing our tech stack for the use of students and facility teams of these hostels & quot; With the help of these investments to advance their operations and not only maintain but to increase their current growth rate Fretbox, a 2021 startup, has collaborated with Indian Accelerator.
The company has recently joined the SaaS cohort of India Accelerator. This seed-stage accelerator program helps startups grow by providing advisory, networking, customers, and funds to achieve their goals and set them on a good trajectory towards growth.
“By joining hands with IA, we aim to catalyze our change by tripling our clientele by this financial year.
Our vision surely be achieved by providing safety, security, and better service to all those living in hostels and PGs nationally and internationally. Mr. Sidharth Kaul, Co-founder and COO, on the tie-up with Indian Accelerator.
This article was shared with Prittle Prattle News as a Press Release.
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