MENA Investment Powers India’s Digital Real Estate Leap
In a big win for India’s proptech sector, Bengaluru-based startup Alt DRX has raised ₹23 crore (approximately $2.7 million) in a fresh funding round. The standout feature? A significant portion of the funding comes from the Middle East and North Africa (MENA) region, showcasing the growing cross-border investment momentum between India and the Gulf.
Among the key investors were Qatar Development Bank and Qatar Financial Centre’s Digital Assets Lab, underlining the region’s rising interest in India’s fast-growing digital innovation landscape.
What Does Alt DRX Do?
Founded by Anand Narayanan, Alt DRX is on a mission to redefine residential property ownership through a digital-first, tokenised model. It allows users to:
- âś… Buy real estate one square foot at a time
- âś… Invest using algorithmic pricing with instant settlements
- ✅ Track ownership securely via Ripple’s XRPL blockchain
- âś… Enjoy full KYC-compliant, transparent transactions
This makes real estate investment more accessible, liquid, and borderless—ideal for a new generation of digital-savvy investors.
“We believe the next 100 million real estate investors will be digital-first and dispassionate, investing beyond their hometowns into top residential cities across India and the world,” said Narayanan.
Who Backed the Round?
The â‚ą23 crore raise saw participation from a strong mix of institutional and individual investors:
- Qatar Development Bank
- WeFounder Circle Angel Fund
- nX Capital
Angel investors like:
- Cricket commentator Harsha Bhogle
- Mindtree co-founder Parthasarathy
- Former KPMG India CEO Richard Rekhy
This blend of local and international investors is a sign of strong faith in the future of tokenised real estate platforms like Alt DRX.
What’s Next for Alt DRX?
With this new capital infusion, Alt DRX plans to:
- Strengthen its proprietary tech platform
- Scale customer acquisition efforts
- Support corporate and operational expenses
Currently, the platform clocks over 100,000 transactions annually, indicating increasing interest in fractional real estate as an investment class.
The startup is also part of the Innovation Sandbox at GIFT City’s IFSCA and is building its global presence via participation in Qatar Financial Centre’s Digital Assets Lab—positioning itself as a future-ready, cross-border investment platform.
Why This Matters
This deal represents more than just funding—it’s a sign of deepening tech and innovation ties between India and the MENA region. With Qatar’s support, Alt DRX is not only transforming how Indians invest in real estate, but also shaping the future of digital assets on a global scale.