Alt DRX raises ₹23 crore fund for tokenised real estate platform

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In a remarkable development in the Indian proptech ecosystem, Alt DRX raises fund worth ₹23 crore ($2.7 million) to revolutionise how people invest in real estate. The Bengaluru-based startup, founded by Anand Narayanan, is changing traditional real estate norms by introducing tokenised residential properties. This funding round drew support from notable institutional investors like Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital. It also witnessed participation from prominent angel investors such as cricket commentator Harsha Bhogle, Mindtree co-founder Parthasarathy, and former KPMG India CEO Richard Rekhy.

Alt DRX provides a digital-first solution that enables investors to purchase real estate in a fractionalised form — as little as one square foot. This model promises transparency, algorithm-driven pricing, and instant settlements through blockchain technology. With over 100,000 transactions recorded annually, the platform is rapidly gaining traction.

This strategic fund infusion will empower Alt DRX to enhance its proprietary tech stack, expand its customer base, and manage corporate operations. The startup is not just gaining momentum in India but is also setting a strong international footprint. Being a part of the Qatar Financial Centre’s Digital Assets Lab and the IFSCA innovation sandbox at GIFT City, it demonstrates strong global potential. As Indian real estate increasingly goes digital, Alt DRX’s innovative model could very well lead the way in democratising property ownership across geographies.

1. Alt DRX raises fund: Transforming property investment through tokenisation

Alt DRX raises fund with a clear mission — to disrupt the way people invest in real estate. Founded by Anand Narayanan, the startup’s model is simple yet revolutionary. It allows verified users to invest in residential properties fractionally using blockchain.

2. How Alt DRX works: Tokenised real estate explained

2.1 Alt DRX enables investments down to a square foot in residential real estate. It uses a blockchain-powered custodial ledger system that ensures all transactions are transparent, secure, and compliant with KYC norms.

2.2 Their pricing is algorithmically driven, with instant settlements. Users can choose properties digitally, invest fractionally, and receive proof of ownership almost immediately.

2.3 This approach not only lowers the investment barrier but also introduces liquidity in an otherwise static asset class. Investors don’t need to buy entire properties. Instead, they can diversify their portfolios by owning portions of high-demand properties across cities.

3. The revenue model: How Alt DRX earns

3.1 Alt DRX earns revenue through transaction fees every time a user buys or sells a fraction of real estate on the platform.

3.2 It also generates income from property appreciation value, lease incomes on listed properties, and platform management services.

3.3 With 100,000 transactions processed annually, recurring revenue streams position the startup as a serious player in India’s digital asset landscape.

4. Founder’s vision: Building the future of fractional real estate

4.1 Anand Narayanan, the founder, envisions a future where real estate investment isn’t bound by geography or legacy.

4.2 A former executive with experience in real estate and digital transformation, Narayanan believes digital-first investors will redefine the sector in the next decade.

4.3 His quote, “The next 100 million real estate investors will be digital-first,” underscores this belief.

5. Background and evolution of Alt DRX

5.1 Alt DRX started with a simple idea: to democratise real estate investments using technology. Over time, it grew into a blockchain-backed investment platform.

5.2 The startup became part of IFSCA’s innovation sandbox at GIFT City, enabling it to test and scale within a regulatory-friendly ecosystem.

5.3 Its inclusion in the Qatar Financial Centre’s Digital Assets Lab shows Alt DRX’s global aspirations and validation of its tech infrastructure.

6. Alt DRX raises fund: The Rs 23 crore round and investor details

6.1 The recent funding round saw Alt DRX raise ₹23 crore, equivalent to $2.7 million.

6.2 Backers included institutional investors like Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital.

6.3 The round also drew in marquee angel investors including Harsha Bhogle, Parthasarathy (Mindtree co-founder), and Richard Rekhy (former KPMG India CEO).

6.4 The capital will be used to scale customer acquisition, enhance tech infrastructure, and support operational costs.

7. Industry context: Why fractional real estate is gaining momentum

7.1 India’s real estate market is large but traditionally inaccessible to smaller investors. The tokenised model bridges this gap.

7.2 With increasing interest in asset-light investments, platforms like Alt DRX are aligning with global fintech trends.

7.3 This model also resonates with Gen Z and millennial investors, who prefer liquid and digital-first investment opportunities.

8. Global ambitions and institutional credibility

8.1 Alt DRX’s inclusion in global regulatory sandboxes showcases its credibility and readiness for international expansion.

8.2 It is uniquely positioned at the intersection of proptech, fintech, and blockchain — three rapidly evolving sectors.

8.3 As institutional backing grows, so does trust in this unconventional, but highly scalable investment model.

9. Alt DRX raises fund: Disrupting traditional ownership models

9.1 With tokenised investments and blockchain integration, Alt DRX is making real estate investing quicker, safer, and more accessible.

9.2 This model could disrupt legacy practices and introduce a new era of real estate ownership.

10. Learning for Startups and Entrepreneurs

10.1 Embrace technology to simplify access to traditionally complex markets.

10.2 Build trust by aligning with global compliance standards, like KYC, and leveraging credible platforms like XRPL Ripple.

10.3 Focus on creating asset-light, scalable, and user-centric solutions to attract the next generation of investors.

10.4 Find your niche at the intersection of sectors — as Alt DRX has done with fintech and proptech.

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