MicroMitti raises ₹90 crore to boost proptech and real estate ventures

MicroMitti, a Proptech firm based in India, has raised ₹90 crore in a recent funding round. The capital includes ₹17.06 crore through a SEED round to support real estate investment vehicles and ₹72.94 crore secured for real estate projects in Indore.

The firm plans to use the funds for enhancing its Proptech platform, focusing on AI-driven analytics and expanding its presence in smaller Indian cities.

Additionally, the raised funds will support large-scale real estate developments in Indore, including projects designed by architect Sanjay Puri.

MicroMitti has also launched a U.S. arm, MicroMitti Inc., aiming to expand its global presence and attract international investors. The firm’s assets under management (AUM) now stand at ₹700 crore, boosted by land contributions from investors.

The company is working with partners like JLL, Sanjay Puri, and leading law firms to ensure high standards across its projects, which include commercial hubs like CyberCity and residential developments like the Selene Residential Tower.

With a projected asset sale value of ₹2,500 crore over the next 3-5 years, MicroMitti is positioning itself as a significant player in India’s Proptech and real estate markets.