MicroMitti, India’s pioneering Proptech firm, has successfully raised Rs90 crore in a landmark funding round, showcasing strong backing from prominent local HNIs, family offices, and influential business leaders from Indore.
The round includes Rs17.06 crore through a SEED round for MicroMitti holding firm promoting real estate investment vehicles like SM REIT, AIF & PE for the common man and Rs72.94 crore strategically secured for MicroMitti SPV’s doing iconic projects in Indore with leading architect Sanjay Puri.
Expanding Globally with MicroMitti Inc. MicroMitti has launched its U.S. arm, MicroMitti Inc., with a global vision to revolutionize real estate investments beyond India. The expansion aims to attract international investors and promote cross-border collaboration in innovative property investments. The U.S. arm will focus on forging strategic partnerships and replicating MicroMitti’s successful Proptech model in key global markets.
Unprecedented Local Support and Founder’s Personal Commitment MicroMitti’s remarkable ability to raise substantial funding from within Indore’s financial ecosystem underscores the firm’s deep trust and credibility in the community. Founder & CEO Manoj Dhanotiya further demonstrated his unwavering belief in the company’s vision by personally participating in the funding round, a rare move in the startup ecosystem.
These funds will be used to advance MicroMitti’s Proptech platform, including further investment in AI-driven analytics, automation for seamless real estate investments, and enhanced user experiences. A significant portion will also be dedicated to expanding the firm’s national presence across Tier 2 and Tier 3 cities in India.
Raised through Special Purpose Vehicle (SVP), this portion of the funding will be directed towards expanding MicroMitti’s real estate portfolio, with a focus on high-return properties and large-scale developments. Additionally, land contributions by investors have increased the firm’s AUM (assets under management), now valued at Rs700 crore based on land market valuations.
The firm's AUM, which currently stands at Rs700 crore, includes land contributions from various investors. These contributions significantly enhance MicroMitti’s ability to scale up its portfolio, further boosting investor confidence. The targeted asset sale value of these developments is projected to exceed Rs2,500 crore in market value within the next 3-5 years, driven by premium projects.
The firm has partnered with global real estate consultancy JLL, renowned architect Sanjay Puri, and top-tier law firms to ensure comprehensive project management, architectural excellence, and legal compliance in all developments.
MicroMitti’s projects, all designed by Sanjay Puri, reflect the firm’s commitment to sustainability, innovation, and high-end design. The firm’s key projects include, CyberCity, Indore, Indore Fintech Park, Selene Residential Tower and Madhuvan Project.
These projects, combined with strategic expansions, are expected to generate Rs2,500+ crore in asset sales over the next 3-5 years, contributing to MicroMitti’s growth and cementing its position as a leader in the real estate investment and Proptech sectors.
