The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, Chemical Manufacturing & Digital Entertainment marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

Funding News: Alt DRX Raises Rs 23 Crore from Qatar Development Bank and Others

Startup: Alt DRX

Founder: Anand Narayanan

About us: Alt DRX is a funded fintech startup based in Bangalore, operating a Digital Real Estate Marketplace that enables our KYC whitelisted middle India users to buy & sell Tokenised Residential Real Estate, 1 SQFT at a time.

Founded Year: 2021

Office: Bangalore, Karnataka

Sector: Internet Marketplace Platforms

Funding Round: Seed

Investors: Qatar Development Bank, WeFounder Circle Angel Fund, nX Capital

Alt DRX, a Bengaluru startup that deals in tokenized digital real estate, has raised Rs 23 crore (about $2.7 million) in a funding round that saw participation from institutions like Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital.

Other prominent individual investors such as commentator Harsha Bhogle, Mindtree founder Parthasarathy, and former KPMG India CEO Richard Rekhy also joined the round.

The money will be used to fund customer acquisition, developing its technology platform, and covering operational costs. Started by Anand Narayanan, Alt DRX allows investors to invest in home real estate through buying tokenized units that are based on square foot. Payments are made via an algorithmic pricing system and blockchain.

Website: https://altdrx.com