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The Alt DRX platform successfully raised 2.7 million USD in the Pre-A round.
Alt DRX, a platform for trading Tokenized real estate, has just completed a Pre-A funding round worth 2.7 million USD. Investors include Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounderCircle, and nX Capital. This capital will be used to acquire assets, develop technology, marketing, and obtain compliance licenses.
Anand Narayanan, co-founder of the company, emphasized the goal of lowering the investment threshold for real estate, enabling more investors to participate. The platform uses blockchain technology for fractional real estate transactions, supporting buying and selling from 1 square foot. The service includes algorithmic pricing and instant payment.
The company is headquartered in Bangalore and currently records about 100,000 transactions annually. Investors can earn income from rental and real estate share transactions through the mobile application.
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