MicroMitti Secures ₹90 Crore Funding to Accelerate Proptech Innovation and Real Estate Expansion
MicroMitti, India’s
pioneering Proptech firm, has successfully raised ₹90 crore in a landmark
funding round, showcasing strong backing from prominent local HNIs, family
offices, and influential business leaders from Indore. The round includes
₹17.06 crore through a SEED round for MicroMitti holding firm promoting real
estate investment vehicles like SM REIT, AIF & PE for the common man and
₹72.94 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.
“This funding marks a
significant milestone for MicroMitti and highlights the trust and confidence of
Indore’s business community in our vision. The capital raised will fuel the
expansion of our Proptech platform, with a focus on AI-driven analytics and
automation, while also supporting large-scale real estate developments aimed at
generating long-term wealth. I am personally invested in this journey,
reflecting my strong belief in the transformative potential of our approach,”
said Dhanotiya.
Strategic
Deployment of Funds The total ₹90 crore funding will be
strategically allocated as follows:
● ₹17.06 crore SEED Round (Proptech Development & National
Expansion): 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.
● ₹72.94 crore (Real Estate Investment Projects): 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 ₹700 crore based on land market valuations.
Land
Contribution AUM: Unlocking Greater Potential The firm's AUM,
which currently stands at ₹700 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 ₹2,500 crore in
market value within the next 3-5 years, driven by premium projects.
Strategic Partnerships for
Excellence MicroMitti has also established various strategic partnerships with
leading financial institutions, architectural firms, and technology providers
to ensure innovation and high standards across its 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.
Key Projects Shaping the
Future of Real Estate 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: A world-class commercial and IT hub aimed at positioning
Indore as a global fintech and tech destination.
● Indore
Fintech Park: A cutting-edge development designed to cater
to the booming fintech industry, creating an ecosystem for the next wave of
tech innovation.
● Selene
Residential Tower: A luxurious residential project offering
bungalow-style flats, exclusive amenities like an infinity pool, and panoramic
views of a 30-acre city forest.
● Madhuvan
Project: An award-winning development that exemplifies
sustainable architecture, recognized with the World Architecture Award.
These projects, combined
with strategic expansions, are expected to generate ₹2,500+ 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.
Market
Valuation and Future Outlook
● Firm Valuation: ₹450 crore
● AUM (Land Market Valuation): ₹700 crore
● Projected Asset Sale Value (3-5 Years): ₹2,500+ crore
With the ₹90 crore funding,
a robust AUM, and a visionary leadership team, MicroMitti is set to redefine
India’s real estate investment landscape, offering investors a platform for
stable, long-term wealth creation through its fractional ownership model and
commitment to sustainable development.
Pioneering
the Future of Real Estate Investment With its SEED round,
strategic SVP funding, and land contributions, MicroMitti is poised to lead the
way in real estate investment in India. The firm’s unique approach to
fractional ownership, cutting-edge architectural design, and Proptech
innovation ensures it will remain at the forefront of the industry, delivering
value to both investors and communities across the nation.
MicroMitti’s mission to
democratize real estate investment continues to gain momentum, with strong
backing from family offices and HNIs, as well as a visionary leadership team
committed to scaling the firm’s impact in the years ahead.