MicroMitti Secures ₹90 Crore to Enhance Proptech and Real Estate Ventures
MicroMitti, a leading proptech company, has successfully raised ₹90 crore in a series of funding rounds. This capital includes ₹17.06 crore from a SEED round to support real estate investment vehicles and ₹72.94 crore for real estate projects across India
MicromittiProptechReal EstateFundingInnovationReal EstateJan 16, 2025
The funding comprises two distinct rounds a SEED round of ₹17.06 crore and an additional ₹72.94 crore for real estate projects.
MicroMitti, headquartered in Mumbai, has been at the forefront of leveraging technology to streamline various aspects of the real estate market.
The company's offerings include advanced real estate management solutions, smart property listings, and innovative investment options.
With this new capital, MicroMitti aims to further enhance its technology platforms and expand its portfolio of real estate projects.
The SEED round of ₹17.06 crore is specifically earmarked for supporting real estate investment vehicles.
This will enable MicroMitti to create new investment opportunities and attract a broader range of investors, from individual investors to institutional players.
The company plans to develop a robust ecosystem that connects investors with high-potential real estate projects, ensuring transparency and ease of investment.
The bulk of the funding, ₹72.94 crore, will be directed towards real estate projects.
These projects will span various segments, including residential, commercial, and mixed-use developments.
The investment will help accelerate the construction and development of these projects, creating new residential units, office spaces, and retail outlets.
Additionally, MicroMitti will focus on sustainable and eco-friendly practices, ensuring that its projects align with environmental standards and regulations.
According to MicroMitti’s CEO, this funding round is a significant milestone in the company’s journey.
“We are thrilled to have secured this substantial investment, which will enable us to push the boundaries of what is possible in the real estate sector.
Our goal is to continue innovating and providing best-in-class solutions to our clients and investors,” said the CEO.
The proptech market in India is experiencing rapid growth, driven by increasing demand for technologically advanced solutions.
MicroMitti’s strategic use of this funding will not only enhance its position in the market but also contribute to the overall development of the real estate industry.
The company’s commitment to innovation and sustainability sets it apart and positions it well for future success.
Moving forward, MicroMitti plans to invest heavily in research and development, enhancing its technology platforms, and expanding its team to support the growth.
The company is also exploring opportunities for strategic partnerships and collaborations to further broaden its reach and capabilities.
In addition to its core operations, MicroMitti is committed to giving back to the community.
The company plans to allocate a portion of its profits to social initiatives, focusing on education, healthcare, and environmental sustainability.
This holistic approach to growth ensures that MicroMitti’s success benefits a wider range of stakeholders.
With this new infusion of capital, MicroMitti is poised to make significant strides in the proptech and real estate sectors, solidifying its position as a leader in the industry and setting new standards for innovation and excellence.
Frequently Asked Questions
What is MicroMitti?
MicroMitti is a leading proptech company based in Mumbai, India. It specializes in real estate management solutions, smart property listings, and innovative investment options, leveraging technology to streamline various aspects of the real estate market.
How much did MicroMitti raise in funding?
MicroMitti raised a total of ₹90 crore in a series of funding rounds. This includes ₹17.06 crore from a SEED round and ₹72.94 crore for real estate projects.
What will the SEED round funding be used for?
The SEED round funding of ₹17.06 crore will be used to support real estate investment vehicles, creating new investment opportunities and attracting a broader range of investors.
What types of real estate projects will the funding be used for?
The funding of ₹72.94 crore will be directed towards various real estate projects, including residential, commercial, and mixed-use developments, with a focus on sustainable and eco-friendly practices.
What are MicroMitti's future plans?
MicroMitti plans to invest heavily in research and development, enhance its technology platforms, and expand its team to support growth. The company is also exploring strategic partnerships and social initiatives focused on education, healthcare, and environmental sustainability.
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