Bengaluru-based proptech innovator Alt DRX has raised ₹23 crore (approximately USD 2.7 million) in its Pre-Series A funding round, marking a major stride in its mission to revolutionise property ownership through technology.
With participation from notable institutional investors and media-backed funds, the startup is building momentum to expand its tokenised digital real estate marketplace across India.The capital infusion comes at a critical juncture for India’s urban landscape, where traditional property investment remains largely inaccessible to the average citizen. Alt DRX is addressing this gap by enabling individuals to invest in residential real estate one square foot at a time. Its blockchain-based platform allows for algorithmic pricing, instant settlements, and real-time transparency—bringing financial inclusion and technological sophistication into a sector historically marked by opacity and high entry barriers.
The latest funding round drew contributions from a diverse pool of backers including Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and others.
The firm intends to deploy the fresh capital for residential asset acquisitions, regulatory compliance, technology upgrades, and wider market outreach.
Headquartered in India’s startup capital, Alt DRX is already recording a run-rate of approximately 100,000 transactions annually. This figure highlights a rapidly growing user base attracted by the platform’s simplicity and accessibility. Investors on the platform earn returns from rental income generated by residential properties, and they can liquidate their holdings—represented in square footage—directly through a user-friendly mobile application.
This model could be particularly transformative for India’s younger urban population and gig economy workforce, many of whom remain priced out of conventional real estate investment. By offering fractional ownership with low entry thresholds, Alt DRX is helping dismantle one of the final barriers to wealth-building for India’s aspirational middle class.However, rapid digitisation in the real estate sector comes with its own set of challenges. The broader proptech space is navigating issues around regulatory clarity, asset verification, and consumer trust. Alt DRX’s transparent blockchain architecture is one step toward addressing these, but long-term success will hinge on robust compliance and ethical data management, especially as the platform scales nationally.The startup’s growth also prompts important questions about the sustainability of urban development in India.
As property tech unlocks demand in underutilised and emerging housing markets, it must align with the broader goal of building equitable and climate-resilient cities. With every square foot made accessible online, the responsibility to ensure energy efficiency, green building practices, and inclusive zoning becomes more urgent.
Alt DRX’s funding round signals growing investor confidence in the future of fractional real estate ownership. If channelled responsibly, such innovations could transform how Indians interact with property—not just as buyers, but as citizens shaping the future of urban India.
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Alt DRX raises funds to reshape property investing
