Proptech firm MicroMitti has successfully secured Rs 90 crore from investors to support its business expansion initiatives.

The company raised Rs 17.06 crore through a seed funding round for its holding firm, focusing on real estate investment vehicles like SM-REIT (small and medium real estate investment trust), alternate investment fund (AIF), and private equity. An additional Rs 72.94 crore was raised for special purpose vehicles (SPVs) involved in real estate projects in Indore.

The funds will be utilised to expand the proptech platform, incorporating AI-driven analytics and automation to support large-scale real estate developments aimed at generating long-term wealth.

MicroMitti has also launched its US arm, MicroMitti to attract global investors and foster cross-border collaboration in innovative property investment. Established in 2023, MicroMitti’s mission is to empower investors by providing access to high-quality, institutional-grade real estate assets.