TechFlow, May 8 — According to ET Realty, blockchain-powered real estate tokenization trading platform Alt DRX announced the completion of a $2.7 million Pre-A funding round. The round was backed by institutions including Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital, along with angel investors Harsha Bhogle, Parthasarathy, and Richard Rekhy.
Based in Bangalore, Alt DRX leverages blockchain technology to tokenize residential real estate assets, enabling users to buy and sell residential properties by square foot. The platform supports algorithmic daily pricing, instant settlement, and transparent transaction records. Anand Narayanan, co-founder of the company, said the funds will be used to acquire residential assets, advance technology development, expand marketing efforts, and cover regulatory licensing costs.
