Rs 23 Crore Raised by Alt DRX to Scale Tokenised Residential Property Investments

Alt DRX, a Bengaluru-based startup focused on digital real estate investing, has secured Rs 23 crore (approximately $2.7 million) in a fresh funding round. The round drew support from institutional investors such as Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital. It also included notable angel investors like cricket commentator Harsha Bhogle, Mindtree co-founder Parthasarathy, and former KPMG India CEO Richard Rekhy.

Founded by Anand Narayanan, Alt DRX is developing a platform that enables individuals to invest in residential real estate through a tokenised, digital-first model. The idea is to simplify and open up real estate investing by allowing users to buy fractions of residential properties — as little as one square foot — rather than full ownership. The model uses algorithmic pricing and blockchain technology to execute transactions and manage ownership records.

Alt DRX operates on the XRPL (XRP Ledger) blockchain developed by Ripple. This infrastructure supports real-time settlements and offers a transparent and secure custodial ledger for tracking property ownership. All transactions are compliant with Know Your Customer (KYC) regulations and are recorded immutably on the blockchain.

The company’s digital platform is seeing early traction, with around 100,000 transactions taking place annually. These figures point to a rising interest among investors in alternative models of property ownership that do not require large capital or extensive paperwork.

According to Narayanan, the future of property investing is expected to be shaped by digital-first users who are less influenced by geography or personal sentiment. He noted that upcoming investors are likely to make more rational decisions, looking beyond their hometowns to explore opportunities in leading residential markets across India and globally.

The recent funding will help Alt DRX strengthen its technology stack, expand customer acquisition efforts, and meet corporate growth needs. The company plans to invest in its proprietary platform to make the buying and selling of fractionalised real estate assets more seamless and accessible.

Alt DRX is currently operating within the innovation sandbox of the International Financial Services Centre Authority (IFSCA) at GIFT City, Gujarat. This allows it to test and scale its platform in a regulated but innovation-friendly environment. The startup is also a participant in the Qatar Financial Centre’s Digital Assets Lab, reflecting its broader ambitions to cater to global investors and explore international real estate markets.

The funding comes at a time when tokenisation and fractional ownership models are beginning to gain interest in India’s real estate and fintech sectors. While challenges remain around regulatory clarity and market education, Alt DRX is positioning itself as an early player in this evolving space.