Angel Investments
Fractional ownership player in realty MicroMitti raises Rs.90-Cr
Indore-based proptech firm MicroMitti has raised INR 90 crore in a funding round from local HNIs (high networth individuals), family offices, and business persons in Indore.The funding round consists of INR 72.94 crore raised for MicroMitti SPV’s (special purpose vehicle), that will be used for expanding the companys' real estate portfolio, focussing on high-return properties and large-scale developments. The remaining INR 17.06 crore was raised through a seed round for MicroMitti holding firm that promotes real estate investment vehicles such as SM REIT.The fresh funds will be used to advance MicroMitti’s proptech platform, focussing on analytics, automation for real estate investments, and enhanced user experiences.Founded in 2023, MicroMitti offers fractional ownership in premium properties, enabling investors to access high-quality, institutional-grade assets and create long-term wealth through real estate-backed investments.
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