MyGate Valuation, Funding & Investors
MyGate is valued at $220M as of June 2026.
About MyGate
MyGate is a Bangalore-based mobile app for managing gated residential communities across India. It streamlines visitor verification, maintenance bill payments, complaint resolution, and amenity bookings for residents and committees. Launched in 2016, the platform covers over 18 cities including Mumbai, Delhi, and Pune, serving more than 3.5 million homes. MyGate ERP handles society accounting, digital notice boards, and service provider integrations, earning recognition as India's top community management solution from Times Business Awards.
Founded
2016
HQ
BangaloreWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$220M (Jun 2026)
MyGate Valuation
MyGate is currently valued at $220M, based on its undisclosed-stage round in June 2026.
The $11M round was led by Dharana Capital.
MyGate's valuation has grown 1.1x from $208M at its Series B in November 2022 to $220M in June 2026, across 2 priced rounds.
MyGate valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Undisclosed stage | $220M |
| Nov 2022 | Series B | $208M |
MyGate Funding History
MyGate has raised a total of $90M across 5 funding rounds, plus 1 secondary share sale.
MyGate's first fundraising round was a $2M seed round in January 2016. The most recent completed round was a $11M undisclosed-stage round in June 2026.
MyGate funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Secondary | Dharana Capital (lead) | $13M | - | Dharana Capital led a Rs 225 crore funding round in Mygate in June 2026, with the transaction comprising roughly Rs 100 crore of primary capital and roughly Rs 125 crore of secondary share sales. The deal was described as valuing Mygate at around Rs 2,000 crore to Rs 2,200 crore, and Dharana Capital acquired an estimated 12% to 14% stake through a mix of new investment and secondary purchases. The capital is intended to support Mygate’s expansion across India, strengthen its technology stack, and deepen its integrated solutions for residential communities. The round was described as the company’s first major funding event in more than three years, following a prior raise in November 2022. Mygate has also been reported as operating at scale across gated communities in India, with one report citing more than 27,000 communities and about 5 million residents served. Mygate is a Bengaluru-based community management and security platform for residential societies. Reported company background indicates it provides an ERP-style operating system for gated communities and is used by large consumer brands as part of its ecosystem. One report also said the company’s operating revenue grew to about $18 million in FY25 from about $10 million in FY24, though those figures were not tied directly to the June 2026 round. |
| Jun 2026 | Undisclosed stage | Dharana Capital (lead) | $11M | $220M | MyGate raised INR 225 crore from Dharana Capital in June 2026, with the deal structured as roughly INR 100 crore of primary capital and about INR 125 crore of secondary share sales. The transaction was reported to value MyGate at around INR 2,000–2,200 crore, implying a minority stake of roughly 12–14% for Dharana Capital. The capital is intended to support MyGate’s expansion across India, strengthen its technology stack, and deepen its integrated solutions for residential communities. The round was also described as MyGate’s first major funding event in over three years, following its prior raise in 2022. MyGate is a residential community management and security platform focused on gated communities and apartment societies. Reported operating scale includes management of more than 27,000 gated communities and service to around 5 million residents, with plans mentioned to expand coverage toward 10 million homes. Reported backers across earlier rounds include Tiger Global, Prime Venture Partners, and Tencent, and the company has previously raised about USD 84 million in total funding. |
| Nov 2022 | Series B | Acko (lead); Urban Company (lead) | $12M | $208M | MyGate raised Rs 100 crore in 2022 in a funding round co-led by Urban Company and Acko. The company operates a housing society management app used by more than 4 million residents across 25,000 housing societies in India, helping with visitor access control, maintenance, housekeeping, and vehicle management. MyGate generates revenue primarily from subscriptions by resident welfare associations and advertising partnerships with brands, concentrated in metro cities like Bengaluru, Mumbai, and Delhi NCR. |
| Oct 2019 | Series B | Prime Venture Partners; JSCapital; Tencent; Tiger Global | $56M | - | MyGate is a Bangalore-based startup providing a security management and convenience app for gated communities in India, enabling residents to approve visitor entries/exits, communicate with neighbors, log attendance, pay maintenance bills, and handle daily worker payments. Launched in 2016 by Vivish Technologies, it had expanded to 11 cities with over 1.2 million homes and 45 million monthly check-ins by October 2019, processing 60,000 requests per minute and growing customer base 20% monthly. The app costs apartments about Rs 20 per month and was already profitable at that pricing. In October 2019, MyGate raised $56 million in a Series B round led by Tencent, Tiger Global, JS Capital, and existing investor Prime Venture Partners, bringing total funding to $67.5 million. The funds were earmarked for expanding technology infrastructure, marketing, operations teams (which stood at 700 people), and new features, with ambitions to reach 15 million homes across 40 cities in 18 months. Partnerships with e-commerce firms enabled secure, silent deliveries, and guards received training for the system. Post-round developments included further funding like Rs 100 crore in 2022 from Urban Company and Acko, acquisitions such as MyCommunity Genie in 2021, and product expansions into property search (MyGate Homes), community commerce (Mygate Exclusives), and services like rental agreements. By 2023, it served 3.5 million homes in 25,000 societies, with recent FY25 financials showing operating revenue of ₹173.5 Cr (up 80% YoY), adjusted EBITDA breakeven at ₹40 Lakh, and trimmed net loss. |
| Oct 2018 | Series A | Prime Venture Partners (lead) | $9M | - | MyGate is a Bangalore-based mobile application that provides security management and convenience services for gated residential premises in India. The platform allows residents to approve visitor access, manages interactions with service providers, and handles community engagement tasks, addressing what the company identifies as a multi-billion dollar underserved market in private security. In October 2018, MyGate completed a Series A funding round led by Prime Venture Partners, raising INR 65 crore (approximately $10 million USD). The company used these funds to enhance its platform's ERP capabilities, covering security, billing, accounting, and community engagement features, while expanding across India's major metropolitan areas. At the time of the Series A round, MyGate had achieved significant operational traction with 24 million validated visits through its mobile app and coverage across 100,000 homes. The company had also begun partnerships with major ecommerce brands and was working with prominent builders including Sobha, Prestige, and Lodha. By late 2019, following a $56 million Series B round from Tencent, Tiger Global, JS Capital, and Prime Venture Partners, the company employed approximately 700 people and aimed to reach 15 million homes across 40 Indian cities within 18 months, demonstrating rapid scaling during this period. |
| Jan 2016 | Seed | - | $2M | - | MyGate raised INR 160,000,000 in its seed round in January 2016 to kickstart development of its community management platform. The round's lead investors were not publicly disclosed, and valuation was not reported. MyGate, founded in 2016 in Bengaluru, provides a mobile app for security and management in gated communities, including visitor access control, maintenance, housekeeping, and vehicle management. The founding team includes Abhishek Kumar, Vijay Arisetty, and Shreyans Daga. |
Who has invested in MyGate?
7 investors have backed MyGate across its funding rounds, including Prime Venture Partners, Dharana Capital, Tiger Global, Tencent, JSCapital and Acko.
Lead investors include Dharana Capital, Acko, Urban Company and Prime Venture Partners.
MyGate Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Bangalore | 2 | Lead | Oct 2018 | |
 Dublin | 2 | Lead | Jun 2026 | |
 Tel Aviv | 1 | Participant | Oct 2019 | |
| Mumbai | 1 | Lead | Nov 2022 | |
 Shenzhen | 1 | Participant | Oct 2019 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by MyGate
MyGate has acquired 1 company to date.
Last acquisition by MyGate was on December 10th 2021. MyGate acquired MyCommunity Genie for undisclosed valuation.
Latest Acquisitions by MyGate
| Description | MyCommunity Genie is an India-based platform enabling resident communities to aggregate purchases for bulk discounts on groceries, utilities, and services. It facilitates group buying through a web and mobile framework connecting neighborhoods in cities like Bangalore and Hyderabad with local vendors for collective savings on essentials. |
| HQ Country | |
| HQ City | Bangalore |
| Deal Date | 10 Dec 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MyGate acquisitions and their M&A valuation multiples. Start Free Trial | |
MyGate Competitors
MyGate competitors include listed companies like SmartRent, Ming Yuan Cloud Group and Eleco, and private ones like HappyCo, Pinhome and Higharc.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 San Francisco, CA | Private | - | - | $222M | - | |
| United States | Publicly listed | $152M | ($56M) | $222M | 0.9x | |
 Jakarta | Private | - | - | $225M | - | |
| Durham, NC | Private | - | - | $233M | - | |
| China | Publicly listed | $191M | ($7M) | $238M | - | |
 United Kingdom | Publicly listed | $52M | $9M | $257M | 4.5x |
MyGate Public Comps
MyGate is still privately-owned, but its public comps include SmartRent, Security First International, Ming Yuan Cloud Group, Real Matters, Perfect Corp., Eleco, Aurum Proptech, Weight Watchers, Dear U and CyberLink.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $152M | ($56M) | 0.9x | 0.9x | (2.4x) | (54.1x) | |||
| - | - | - | - | - | - | |||
| $191M | ($7M) | - | - | - | - | |||
| $170M | ($3M) | 0.9x | 3.0x | (46.9x) | 84.9x | |||
| $69M | $636K | 0.5x | 0.5x | 56.9x | 11.9x | |||
| $52M | $9M | 4.6x | 4.5x | 25.8x | 16.8x | |||
| $40M | $11M | 4.7x | 3.3x | 16.9x | - | |||
| $786M | ($198M) | 0.6x | 0.7x | (2.4x) | 4.0x | |||
This data is available for Pro users. Sign up to see all MyGate competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MyGate
| When was MyGate founded? | MyGate was founded in 2016. |
| Where is MyGate headquartered? | MyGate is headquartered in Bangalore, India. |
| Is MyGate publicly listed? | No, MyGate is a private, VC-backed company. |
| What is MyGate's valuation? | MyGate was last valued at $220M in its undisclosed-stage round in June 2026. |
| How much funding has MyGate raised? | MyGate has raised $90M across 5 funding rounds. |
| What was MyGate's last funding round? | MyGate's last funding round was a $11M undisclosed-stage round in June 2026, led by Dharana Capital. |
| Who are MyGate's investors? | MyGate's investors include Prime Venture Partners, Dharana Capital, JSCapital, Acko, Tencent, Urban Company and Tiger Global. |
| Which companies are comparable to MyGate? | Companies comparable to MyGate include HappyCo, SmartRent, Pinhome, Higharc, Ming Yuan Cloud Group and Eleco. |
| How many companies has MyGate acquired? | MyGate has acquired 1 company, including MyCommunity Genie. |
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