Latest news with #AltDRX
Mint
21-05-2025
- Business
- Mint
Alt DRX secures funding from Hindustan Media Ventures Limited in Pre Series A Round
Bengaluru, India (May 21 2025): Alt DRX, India's first Tokenised Digital Real Estate Marketplace, announced today that it has successfully raised INR 4.5 Crore from Hindustan Media Ventures Limited (HMVL), facilitated by its strategic investment arm – HT AdVentures. With this fund raise, Alt DRX has concluded its Pre-Series A funding round, raising ₹ 23 crore ($2.7 million). The round witnessed participation from globally renowned institutions and marquee investors, including Qatar Development Bank, Times of India Group, the 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). 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 square foot 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. "We are excited to partner with Alt DRX in their mission to make residential real estate — the world's largest and most stable asset class — accessible to Middle India. The company's unique model and market positioning align with our investment thesis, and we look forward to supporting their next phase of growth, said Anirudh Singhal, Head of HT AdVentures. 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) marketplace. Headquartered in Bengaluru and intending to operate from International Financial Centres such as GIFT City & Qatar Financial Centre, places Alt DRX at the forefront of financial innovation in South Asia and the Middle East. The firm which was recently recognized by HDFC Bank & HDFC Capital as the one of India's Top 10 Tech Innovators, processes close to 200 transactions a day and is targeting to reach 10,000 daily transactions, by this year end. Alt DRX's mobile app can be downloaded from Apple and Google play store. HT AdVentures, the strategic investment arm of HT Media Group, partners with startups and businesses to accelerate growth, build strong brands, and unlock business value. Over 200 businesses have already scaled with us — leveraging our impactful solutions across Print, Digital, Social, Radio, Podcast, and On-ground platforms. Yours could be next.
Business Standard
09-05-2025
- Business
- Business Standard
Alt DRX Raises $2.7 Million in Pre-Series A Round, Backed by Global Investors
PRNewswire Bengaluru (Karnataka) [India], May 9: Alt DRX, India's first Tokenised Digital Real Estate Marketplace, announced today that it has successfully closed its Pre-Series A funding round, raising Rs23 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). * Pioneering residential real estate tokenization platform wants to turn every Indian into a Property Investor, 1 SQFT at a time! 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. About Alt DRX Headquartered in Bengaluru and intending to operate from International Financial Centres such as GIFT City & Qatar Financial Centre, Alt DRX is at the forefront of financial innovation in South Asia and the Middle East. The Tokenization Marketplace, which was recognized by HDFC Bank & HDFC Capital as the one of India's Top 10 Tech Innovators, is growing at a run-rate of about 100,000 transactions per annum. Alt DRX's mobile app can be downloaded from Apple and Google play store.
Business Upturn
09-05-2025
- Business
- Business Upturn
Alt DRX Raises $2.7 Million in Pre-Series A Round, Backed by Global Investors
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). 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. About Alt DRX Headquartered in Bengaluru and intending to operate from International Financial Centres such as GIFT City & Qatar Financial Centre, Alt DRX is at the forefront of financial innovation in South Asia and the Middle East . The Tokenization Marketplace, which was recognized by HDFC Bank & HDFC Capital as the one of India's Top 10 Tech Innovators, is growing at a run-rate of about 100,000 transactions per annum. Alt DRX's mobile app can be downloaded from Apple and Google play store. Photo: View original content to download multimedia: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
Entrepreneur
06-05-2025
- Business
- Entrepreneur
Alt DRX, Lifechart's Guttify, and SaleAssist.ai Raise Early-Stage Funding
The following startups have announced their latest funding rounds. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Alt DRX Raises INR 23 Cr for Tokenised Real Estate Bengaluru-based startup Alt DRX has raised INR 23 crore (USD 2.7 million) in funding from Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital, with participation from Harsha Bhogle, Mindtree founder Parthasarathy, and ex-KPMG India CEO Richard Rekhy. The funds will be used to boost customer acquisition, enhance its tech platform, and cover operational costs. Founded by Anand Narayanan, Alt DRX offers tokenised digital real estate, allowing users to invest in residential property by buying square-foot-denominated digital units. These units are priced algorithmically and settled on the XRPL Ripple blockchain, ensuring transparency and traceability. The startup uses a custodial ledger for KYC-verified users, enabling secure, compliant digital ownership. It executes about 100,000 transactions annually and is part of the Qatar Financial Centre's Digital Assets Lab as well as the IFSCA innovation sandbox at GIFT City. With the tokenisation market projected to hit USD 18 trillion by 2033, Alt DRX is positioning itself as a leader in fractional real estate investment. Lifechart's Guttify Raises USD 360K to Build Gut Wellness Brand Lifechart, a health-tech startup focused on gut wellness, has raised USD 360,000 in an extended seed round for its diagnosis-first gut health brand Guttify. The round was led by Prajay Advisors, the family office of Unichem Labs founders Dr Prakash Mody and Jayendra Shah. The fresh capital will be used to expand diagnostic R&D, grow distribution, and scale Lifechart's and Guttify's product offerings. Founded in 2022 by Mukul Shah and Mansi Sharma, Guttify is a gut health brand built on a diagnosis-led approach. It offers DIY at-home testing kits, such as its flagship saliva-based pH test for acidity, priced accessibly from INR 99, along with clinically validated, Ayurveda-inspired wellness regimens. "Our goal is to solve gut health at its root through affordable at-home testing and personalised care. Guttify is a wellness ecosystem, not just a product line," said Mukul Shah, CEO of Lifechart. The raise follows an earlier USD 500K seed round backed by Expert Dojo, Agility Ventures, Sunn91 Ventures, and prominent angels. Dr Prakash Mody and Jayendra Shah said, "We see Guttify filling a glaring gap in India's gut health space—diagnosis. We're excited to support Mukul again in his mission to build the Indian version of Viome, tailored for Bharat's needs. His execution ability, proven with Yolo Bus, gives us strong confidence in Guttify's future." Raises USD 300K from Finvolve, IA & ASICS Ventures has raised USD 300K in a seed round co-led by Finvolve, IA, and ASICS Ventures Corporation to enhance its AI-powered live video commerce platform. The Gurugram-based startup will deploy the funds to deepen AI integrations and automation in its SaaS product, enabling online brands to offer more personalised, retail-like customer experiences. Founded in 2016 by Chetan Jangir and Deep Malik, blends live video shopping, Agentic AI, and conversational selling to boost engagement, reduce bounce rates, and drive 30%+ higher sales. Its solution already serves enterprise clients seeking to reimagine digital commerce and accelerate conversions. "SaleAssist is at the intersection of AI, commerce, and consumer behavior," said Ashish Bhatia, Founder and CEO of IA and Co-Founder of Finvolve. "Their platform reintroduces human interaction into digital sales—something today's e-commerce lacks." Echoing the sentiment, Deep Malik added, "With backing from IA, Finvolve, and ASICS Ventures, we're ready to scale immersive commerce that bridges offline trust and online convenience." This investment underscores Finvolve and IA's commitment to backing transformative tech in AI, SaaS, and e-commerce.
Time of India
06-05-2025
- Business
- Time of India
Alt DRX raises $2.7 million in new funding round
Alt DRX , a tokenised digital real estate marketplace, has raised USD 2.7 million (around Rs 23 crore) to expand its business. In a statement on Monday, the company said it has "closed its Pre-Series A funding round, raising Rs 23 crore (USD 2.7 million)". The round witnessed participation from investors -- Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital -- besides angel investors such as Harsha Bhogle (Golden Voice of Cricket), Parthasarathy (Founder of Mindtree), and Richard Rekhy (former CEO of KPMG India). Alt DRX aims to make residential real estate accessible to people by democratising this asset class by enabling people to buy and sell tokenised residential properties one square feet at a time, powered by algorithmic daily pricing, instant settlements, and blockchain-powered transparency. Anand Narayanan, one of the founders of Alt DRX, said the fund will be utilised for purchase of residential assets, technology, marketing and regulatory license expenses. Headquartered in Bengaluru, Alt DRX has a run-rate of about 1,00,000 transactions per annum. Narayanan said the investors earn rental income from residential properties offered by the company on the marketplace. Investors can sell the square feet area purchased by them through the mobile application digital platform only.
