MicroMitti Leverages $10.4M to Transform India’s Real Estate Market
Deal News | Jan 18, 2025 | Aim Group
MicroMitti, an innovative proptech company based in India, has successfully raised USD 10.4 million through a series of funding rounds from multiple investors. This injection of capital aims to advance its mission in transforming the real estate market by promoting the concept of fractional ownership. This business model allows investors to own a fraction of real estate assets, thereby lowering barriers to entry and introducing a new stream of affordable investment opportunities in the burgeoning property market of India. MicroMitti's recent funding underscores the growing interest and confidence in proptech solutions in India, reflecting a significant step forward in evolving the property investment landscape through technology.
Sectors
- Proptech
- Real Estate
Geography
- India – MicroMitti is based in India and the funding is intended to support its operations and growth within the Indian real estate sector.
Industry
- Proptech – The article discusses MicroMitti, a proptech company specializing in fractional real estate ownership, highlighting the use of technology in transforming real estate investments.
- Real Estate – Focuses on the real estate market, specifically through innovative investment solutions like fractional ownership, as driven by MicroMitti.
Financials
- $10.4 million – The amount raised by MicroMitti from multiple investors in its latest funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MicroMitti | Target Company | Company | An India-based proptech company specializing in fractional real estate ownership. |