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Digital real estate platform Alt DRX raises $2.7 million in new funding round
Economic Times
·
3m ago
Medial
Alt DRX, a digital real estate startup, raised Rs 23 crore ($2.7 million) in funding from investors including Qatar Development Bank and nX Capital. The company aims to make residential real estate accessible by enabling tokenized property purchases using blockchain technology. With funds dedicated to customer acquisition and tech strengthening, Alt DRX seeks to revolutionize real estate investment for digital-first users. Supported by XRPL Ripple’s infrastructure, it ensures transparency and security in digital real estate ownership.
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Alt DRX raises Rs 23 Cr from Qatar Development Bank, others
Entrackr
·
3m ago
Medial
Alt DRX raises Rs 23 Cr from Qatar Development Bank, others Alt DRX, a Bengaluru-based startup working on tokenised digital real estate, has raised Rs 23 crore ($2.7 million) in a funding round from institutions including Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital. Individual investors such as commentator Harsha Bhogle, Mindtree founder Parthasarathy, and former KPMG India CEO Richard Rekhy also joined. The proceeds will be used for customer acquisition, improving its technology platform, and managing operational costs. Founded by Anand Narayanan, Alt DRX allows users to invest in residential real estate by purchasing tokenised units measured by square foot. Transactions are settled through an algorithmic pricing model and blockchain infrastructure. It operates on XRPL Ripple’s blockchain and maintains a custodial ledger for KYC-approved users. This structure supports digital ownership and transaction records. Alt DRX has also joined Qatar Financial Centre’s Digital Assets Lab and participates in IFSCA’s innovation sandbox at GIFT City. According to a report by BCG and Ripple, the tokenisation of real-world assets could reach $18 trillion by 2033, with real estate as one of the key segments. Alt DRX currently handles around 100,000 transactions per year.
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Hyperbots, Alt DRX, TheAlphaCode.org, TIEA Connectors raise early-stage funding
VCCircle
·
2m ago
Medial
Hyperbots, Alt DRX, TheAlphaCode.org, and TIEA Connectors have successfully secured early-stage funding. Hyperbots raised $6.5 million to enhance its AI co-pilots for finance teams. Alt DRX gained Rs 23 crore to innovate in tokenized real estate transactions. TheAlphaCode.org received $250,000 to further encrypted transactions for UHNIs. TIEA Connectors amassed Rs 22 crore to expand its manufacturing and R&D for industrial interconnect solutions. These investments will fuel growth and technological advancements in their respective sectors.
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Proptech startup Jugyah raises $1.5 million in funding from White Venture Capital, QED Investors, others
Economic Times
·
1y ago
Medial
Mumbai-based proptech startup, Jugyah, has raised $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The company plans to use the funds to expand within the Mumbai Metropolitan Region. Founded in 2023, Jugyah is a real estate brokerage platform that connects buyers, sellers, tenants, and landlords. The platform offers additional services such as a mortgage origination arm for financing options. Jugyah aims to make real estate brokerage more standardized and efficient by integrating various steps of the process through their digital platform.
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Alt Mobility raises $6 million in funding to scale up operations
Economic Times
·
1y ago
Medial
Alt Mobility, an electric vehicle leasing and lifecycle management platform, has secured $6 million in a funding round led by Shell Ventures, EV2 Ventures, and Twynam. The company plans to utilize the capital to expand its engineering team for scaling its EV asset management platform FleetOS and for establishing new verticals, including drive-to-own model, parametric insurance, fleet depots, and battery refurbishment unit. Alt Mobility aims to expand its presence in more than 20 cities and achieve an Assets Under Management (AUM) target of $100 million in the next two years.
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Luxury Presence, which builds marketing tools for realtors, raises $19.2M
TechCrunch
·
1y ago
Medial
Luxury Presence, a startup providing marketing solutions for real estate professionals, has raised $19.2 million in a Series B1 round led by Bessemer Venture Partners. The platform offers tools and services for creating real estate websites, ads, content marketing strategies, and social media engagement. It recently launched an AI-powered mobile app called Presence Copilot for realtors. The company aims to support high-performing real estate professionals with technology and plans to use the funding to further develop its products. The proptech sector saw a decline in funding in 2022, with VC-backed proptech companies raising 38% less than in 2021.
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EV startup ALT Mobility raises $10 Mn in Series A
Entrackr
·
8m ago
Medial
Commercial electric vehicle (EV) leasing and asset management company ALT Mobility has secured $10 million in a Series A funding round led by European venture capital firm Eurazeo. The round also witnessed participation from its existing investors Shell Ventures, Twynam Earth Fund, and EV2 Ventures. The Delhi-based company had previously raised $6.45 million from its existing investors. The proceeds will be allocated towards expanding its digital asset management platform, standardizing its battery technology, expanding its fleet to 30,000 vehicles by March 2026, and managing Rs 800 crore in assets under management (AUM) over the next 18 months, ALT Mobility said in a press release. Co-founded in 2021 by Dev Arora, Anuj Gupta, Harsh Dev Goyal, Jay Gupta, and Manas D Arora, ALT Mobility is a full-stack EV leasing platform offering mobility as a service (MaaS) for commercial vehicle users. It simplifies financing and provides reliable technology that supports the transition of intra-city logistics to electric mobility, reducing carbon footprints and improving profitability. ALT Mobility claims to have a fleet of 10,000 vehicles across 20 Indian cities leased to fleet operators and drivers. The company offers a comprehensive solution, including leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to ensure low total cost of ownership and maximum fleet uptime. ALT Mobility plans to expand its offerings to the driver-cum-owner segment, introducing innovative 'drive-to-own' options and leasing products for four-wheeler light commercial vehicles and cars. It also aims to roll out a Battery-as-a-Service (BaaS) model for second-life vehicles.
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Accacia Bags $6.5 Mn To Offer Decarbonisation Solutions To Realty Firms
Inc42
·
1y ago
Medial
Real estate-focused cleantech startup Accacia has raised $6.5 million in a Pre-Series A funding round led by Illuminate Financial. The company offers an AI-enabled SaaS platform that helps real estate asset managers, owners, and developers track their emissions and design their net-zero journey. Accacia's platform integrates with existing property management, energy management, and procurement systems to automate real-time data capturing and tracking. The funding round comes at a crucial time as regulatory bodies are emphasizing the need for comprehensive and real-time climate risk data. Accacia plans to leverage this opportunity and scale globally.
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IndoSpace raises $150M from Qatar Investment Authority, Grosvenor
IndianStartupNews
·
1y ago
Medial
IndoSpace, a company operating in India's industrial and logistics real estate sector, recently said it has concluded its second fundraising round for its Logistics Parks IV (ILP IV), securing an additional $150 million in funding.
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Black Opal Group addressing real estate challenges raises $3 Mn
IndianStartupNews
·
1y ago
Medial
Black Opal Group has raised $3 million in a funding round led by SBI and HDFC Bank. The startup is addressing challenges in the real estate sector, such as privacy issues, unverified data, and a lack of tailored financing products. It operates through its Asset Management vertical, an RBI-registered NBFC, and the integrated technology platform JustHomz.com.
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Turbostart leads $2.5 Mn round in Lighthouse PropTech
Entrackr
·
4m ago
Medial
Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.
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