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    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

    | Meghna Ghodawa-
PHOTO CREDIT-

    Beat the monsoon greys in style with India’s first UPF resort-wear line by Meghna Ghodawat

    PHOTO CREDIT:The Jamaica Tourist Board (JTB)

    Jamaica Tourism Launches a Brand-New Campaign “70 Days of Jamaica Love” to Celebrate 70 Years of Jamaica

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    Panasonic-partners-with-MeitY-Nasscom-Centre

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    Rumi- The Spirit of Awadh Pioneers Transit Media to Promote “Dastan-e-Aam” Featuring Renowned Dastango Dr. Himanshu Bajpai

    Indian Author and Human Rights Advocate Rajesh Talwar

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    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

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    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

    WHO issues first global guideline to improve pregnancy care for women with sickle cell disease

    GNC India Launches Protein Wafer

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

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  • Auto

    Force Motors along with BMW Group India Celebrates the Roll-Out of its 100,000th engine from the Chennai Plant

    Clara Luciani, Kavinsky & Please Join the Line-Up of Renault’s festiv4L

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    Visa Signs Football Phenom Lamine Yamal as a Global Ambassador for FIFA World Cup 26™

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    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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Alt DRX Raises $2.7 Million in Pre-Series A Round, Backed by Global Investors

FWM by FWM
May 12, 2025
in Business
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The founding members of the Alt DRX Team. (People from L to R) Sachin Joshi - Co-Founder & CTO, Anand Narayanan -Principal Founder, Sanjeet Sahoo - Co-Founder Residential, Avinash Rao - Principal Founder, Avijit Mishra - Co-Founder Transactions

The founding members of the Alt DRX Team. (People from L to R) Sachin Joshi - Co-Founder & CTO, Anand Narayanan -Principal Founder, Sanjeet Sahoo - Co-Founder Residential, Avinash Rao - Principal Founder, Avijit Mishra - Co-Founder Transactions

Pioneering residential real estate tokenization platform wants to turn every Indian into a Property Investor, 1 SQFT at a time!

BENGALURU, India, May 9, 2025 /PRNewswire/ —  Alt DRX, India’s first Tokenised Digital Real Estate Marketplace, announced today that it has successfully closed its Pre-Series A funding round, raising ₹23 crore ($2.7 million).The round witnessed participation from globally renowned institutions and marquee Indian investors, including Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital, and prominent angel investors such as Harsha Bhogle (Golden Voice of Cricket), Parthasarathy (Founder of Mindtree), and Richard Rekhy (ex CEO of KPMG India).

The founding members of the Alt DRX Team. (People from L to R) Sachin Joshi - Co-Founder & CTO, Anand Narayanan -Principal Founder, Sanjeet Sahoo - Co-Founder Residential, Avinash Rao - Principal Founder, Avijit Mishra - Co-Founder Transactions
The founding members of the Alt DRX Team. (People from L to R) Sachin Joshi – Co-Founder & CTO, Anand Narayanan -Principal Founder, Sanjeet Sahoo – Co-Founder Residential, Avinash Rao – Principal Founder, Avijit Mishra – Co-Founder Transactions

Alt DRX is on a mission to make residential real estate — the world’s largest and most stable asset class — accessible to Middle India. Traditionally out of reach for many, residential real estate offers strong long-term returns, acts as a hedge against equity market volatility, and provides intrinsic safety and liquidity. Alt DRX democratizes this asset class by enabling middle India to buy and sell tokenized residential properties one SQFT at a time, powered by algorithmic daily pricing, instant settlements, and blockchain-powered transparency. Leveraging US based XRPL Ripple’s blockchain infrastructure, Alt DRX ensures its KYC-whitelisted users’ custodial ledger positions are securely recorded for delivering unmatched transparency and creating a trusted, programmable digital real estate ownership experience unlike anything seen before.

Boston Consulting Group & Ripple in a recent report estimated the RWA Tokenization market to reach $18 trillion by 2033, with Real Estate and Alternate Investment Funds (PE / VC / Hedge) being amongst the top 3 asset classes to be tokenized into tradeable digital assets. “We believe the next 100 million real estate investors will be digital-first and will invest dispassionately beyond their hometowns into in the best residential cities across India and the world,” said Anand Narayanan, one of the Founders of Alt DRX. “Residential Real estate is entering its most profound disruption in decades — Tokenised Digital Real Estate, liquid, transparent and tradeable. Alt DRX is not just innovating at the edges; we are reimagining the core of residential real estate investment for a digital-first generation.”

Alt DRX is already part of the innovation sandbox of International Financial Services Centre Authority (IFSCA) at GIFT City in Gujarat India. Further its admission into Qatar Financial Centre’s Digital Assets Lab marked a significant milestone in the company’s aspiration to actively shape the future of a compliant, tokenized Real-World Asset (RWA) Tokenization marketplace.

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Tags: Boston Consulting GroupHarsha Bhogle (Golden Voice of Cricket)Hindustan Media VenturesnX CapitalParthasarathy (Founder of Mindtree)Qatar Development BankRichard Rekhy (ex CEO of KPMG India).Times of India Brand CapitalWeFounder Circle Angel FundZee Group
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