College hostel mgmt SaaS providers FretBox raises Rs.1-Cr from angel investors, incubators

Noida-based startup FretBox, which provides solutions to college and university campus hostels, has raised INR 1 crore pre-seed funding from JSS STEP, India Accelerator, and a group of angel investors. FretBox currently serves colleges in Delhi-NCR, Uttar Pradesh, Madhya Pradesh, Odisha, and Jharkhand, and it aims to onboard 50-plus institutions by the second quarter of FY24. The new funds will be used to fuel the company's growth, expand its product offerings, and scale its operations.