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Alt DRX, a Bengaluru-based startup specializing in tokenized digital real estate, has successfully closed a Pre-Series A funding round, raising approximately INR 23 crore (USD 2.7 million). The investment was led by Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital, with notable angel investors including Harsha Bhogle, Parthasarathy, and Richard Rekhy. The funds will be utilized to acquire residential assets, enhance technology infrastructure, and cover marketing and regulatory expenses.
Alt DRX, a Bengaluru-based startup specializing in tokenized digital real estate, has successfully closed its Pre-Series A funding round, securing approximately INR 23 crore (USD 2.7 million). The investment was led by Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital. Notable angel investors participating in the round include Harsha Bhogle, Parthasarathy (Founder of Mindtree), and Richard Rekhy (former CEO of KPMG India). Advertisement
The funds will be utilized to acquire residential assets, enhance technology infrastructure, and cover marketing and regulatory expenses. Alt DRX aims to democratize real estate investment by enabling fractional ownership through blockchain technology, offering investors the ability to buy and sell tokenized residential properties on a per-square-foot basis. The platform operates with algorithmic daily pricing and instant settlements, providing transparency and accessibility to investors.
Headquartered in Bengaluru, Alt DRX has a run-rate of approximately 100,000 transactions per annum. The company is committed to revolutionizing the residential real estate market by leveraging technology to make property investment more accessible and efficient.
By leveraging blockchain technology and enabling fractional ownership, the platform is poised to transform how individuals invest in residential properties. The participation of prominent investors highlights the confidence in Alt DRX's vision and potential for growth. As the company continues to expand its operations and enhance its technological capabilities, it is well-positioned to play a significant role in the future of real estate investment.
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