Fretbox a SaaS-based prop-tech start-up for hostels, PGs’ and housing communities, recently received an investment of 4 million rupees to expand its operations in Tier II and Tier III cities. This investment was made by industry experts such as Persistent System board members, an ex-CIO of Tata Motors and an Invasystems VP.

"We are really grateful to our investors in trusting and investing in Fretbox. Currently, Fretbox is fully functionally operational in Pune, Bhopal, Indore, and Bhubaneshwar. With this funding, our target is being concentrated solely on expanding our presence in other Tier II and Tier III cities," in the light of this investment Ashish Gupta, Co-founder and CEO, Fretbox said.

With this investment, Fretbox has onboarded many industry veterans as Board observers some of them are Kedar Paranjpye and Siddharth Kaul.