MyGate, founded in 2016 by Vijay Arisetty, Abhishek Kumar, Shreyans Daga, and Vivaik Bhardwaj, is India’s leading community and security management platform. Headquartered in Bengaluru, MyGate serves over 25,000 gated communities, providing security, conveni...
Founding year | 2016 |
---|---|
Headquarters | Bengaluru, Karnataka, India |
Valuation | ~$180M (2023) |
Total Funding | $91M |
Annual Revenue | ₹130 Cr (FY24) |
Annual Net Loss | ₹32 Cr (FY24) |
EBITDA Margin | -12% |
Employees | ~900 |
Round | Date | Amount | Investors |
---|---|---|---|
Seed | 2017 | $2M | Prime Venture Partners |
Series A | 2018 | $10M | Tiger Global |
Series B | 2019 | $56M | Tiger Global, Tencent |
Series C | 2022 | $23M | Urban Company, Acko |
MyGate recently launched advanced automation tools for societies and secured strategic alliances to drive wider adoption in tier-2 and tier-3 cities. The company also raised funding from Urban Company and Acko to strengthen its service offerings.
Metric | Detail |
---|---|
Revenue Growth | ▲ ₹130 Cr in FY24 |
Profitability | ▼ Net loss of ₹32 Cr |
Funding | ▲ $91M raised |
Efficiency | ▲ EBITDA margin improved to -12% |
Valuation | ▲ $180M as of 2023 |
MyGate continues to dominate India’s gated community management space with a robust product suite and strong growth trajectory. While losses persist, ongoing improvements in operational efficiency and revenue growth signal a path towards profitability. As the platform scales services and deepens market penetration, MyGate is well-poised for long-term success.
Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
This report is generated for informational purposes only and does not constitute investment advice.