MicroMitti Raises INR 90 Crore in Funding

Indore-based proptech company MicroMitti has successfully raised INR 90 crore in a funding round, with INR 17.06 crore designated for its holding firm and INR 72.94 crore for Special Purpose Vehicles (SPVs) focusing on major real estate projects in Indore. The funding aims to enhance MicroMitti's AI-driven analytics platform and support large-scale, high-return developments led by renowned architect Sanjay Puri. Founded in 2023, MicroMitti promotes fractional ownership in real estate, making high-quality assets accessible to more investors. The firm has also launched a U.S. subsidiary to attract international investment and foster cross-border collaborations. Founder and CEO Manoj Dhanotiya emphasized that this funding reflects the trust of Indore's business community in their vision for long-term wealth generation. MicroMitti's current Assets Under Management stand at INR 700 crore, with a projected asset sale value exceeding INR 2,500 crore in the coming years.