Mygate, a platform that helps manage residential gated communities, has raised Rs 225 crore in fresh funding from Dharana Capital. The raise comes at a time when the company is already profitable and growing fast, making it one of the more financially grounded names in India’s housing tech space.
From a Security Tool To a Full Community Platform
Mygate was founded in 2016 by Abhishek Kumar, Shreyans Daga, and Vijay Arisetty. What began as a simple visitor management solution at apartment gates has since grown into a full digital ecosystem for gated communities. Today the platform handles everything from communication and payments to amenities and community services, essentially becoming the operating layer for how residents in these communities live and interact day to day.
The scale Mygate has reached is notable. The platform currently serves 27,000 communities and manages 57 lakh homes across the country. Revenue has grown three times over the past three years, and the company is profitable even as it continues to scale, a combination that is relatively rare among Indian consumer tech startups. The last time Mygate raised external capital was in 2022, when it brought in Rs 100 crore. This new round more than doubles that figure.
With this round, Mygate is setting its sights on a significantly larger footprint. The company is targeting expansion to 100 lakh homes, nearly double its current reach. The fresh funding from Dharana Capital will be directed toward reaching that milestone, which would cement its position as the dominant platform for gated community management in India.
The housing society management space in India has long been fragmented and underserved by technology. Mygate’s growth over the past decade, combined with its current profitability and continued investor interest, suggests the company is well placed to define what modern community living looks like at scale across the country.
