Micro Mitti, a proptech firm, has raised ₹90 crore in a funding round from prominent local HNIs, family offices, and influential business leaders from Indore.
The round includes ₹17.06 crore through a seed round for Micro Mitti holding firm promoting real estate investment vehicles like SM REIT, AIF & PE for the common man and ₹72.94 crore strategically secured for Micro Mitti SPV’s doing iconic projects in Indore with leading architect Sanjay Puri.
The ₹17.06 crore seed funds will be used to advance Micro Mitti’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.
The ₹72.94 crore funding will be directed towards expanding Micro Mitti’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.
“This funding marks a significant milestone for Micro Mitti 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.
Founded in 2023 by Manoj Dhanotiya, Micro Mitti empowers investors to create long-term wealth through real estate-backed investments, thus democratising access to high-quality, institutional-grade assets.
Land contributions by investors have increased the firm’s assets under management, which are now valued at Rs 700 crore based on land market valuations. 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.
Micro Mitti 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.
Micro Mitti has also launched its U.S. arm, Micro Mitti 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 Micro Mitti’s successful Proptech model in key global markets.
