ALT DRX

ALT DRX is a Bengaluru-based financial technology company operating in the digital real estate market, founded in 2021 by a team of professionals from investment banking, real estate, and technology, including Anand Narayanan and Avinash Rao. Narayanan, a former Managing Director at Damac Properties, and Rao, a real estate veteran with extensive experience at firms like Knight Frank and Puravankara, established the company to address the high entry costs and illiquidity traditionally associated with property investment.

The company's core business is a digital marketplace that enables fractional ownership of residential real estate. This model allows individuals to buy and sell property in increments as small as one square foot, making real estate investment accessible to a broader audience, particularly in Middle India. Transactions are facilitated through a mobile application where users, after completing a KYC process, can invest with as little as ₹10,000. Revenue is generated as investors earn rental income from the properties and can realize capital appreciation by trading their holdings on the platform.

ALT DRX's platform tokenizes real estate assets, converting physical properties into tradable digital tokens. It leverages blockchain technology, specifically the US-based XRPL Ripple infrastructure, to ensure all transactions are secure, transparent, and recorded on a custodial ledger. The platform features algorithmic daily pricing and instant settlements, creating a liquid market for what is typically an illiquid asset. Currently, the platform is processing approximately 100,000 transactions annually, indicating strong market demand. The company has been recognized by HDFC Bank and HDFC Capital as a Top 10 Tech Innovator in India.

In May 2025, ALT DRX successfully closed a Pre-Series A funding round, raising ₹23 crore (approximately $2.7 million). This round included participation from institutional investors like Qatar Development Bank, WeFounder Circle, and nX Capital, as well as angel investors such as Harsha Bhogle and Parthasarathy, the founder of Mindtree. The capital is allocated towards customer acquisition, technology enhancement, and expansion of its property portfolio. The company is part of the innovation sandbox at the International Financial Services Centre Authority (IFSCA) in GIFT City and the Qatar Financial Centre's Digital Assets Lab, reflecting its global growth ambitions.

Keywords: fractional real estate, proptech, digital real estate marketplace, tokenized property, blockchain real estate, real estate investment, property technology, Anand Narayanan, Avinash Rao, residential property investment, Indian real estate, digital assets, investment platform, fintech, real estate tokenization, property trading, fractional ownership, real-world asset tokenization, RWA, Bengaluru startup, proptech India