About Mygate
Mygate is a company based in Bengaluru (India) founded in 2016 by Abhishek Kumar, Shreyans Daga, Vijay Arisetty, and Vivaik Bharadwaaj. It operates as a SaaS (Software-as-a-Service), and Advertising Model. Mygate has raised $83.31 million across 8 funding rounds from investors including Urban Company, ACKO and Tencent. The company has 494 employees as of October 21, 2024. Mygate has completed 2 acquisitions, including My Community and Unity Living. Mygate offers products and services including Mygate App, Mygate Locks, Mygate ERP, and Advertising Platform. Mygate operates in a competitive market with competitors including Allthings, Frontsteps, TownSq, ApnaComplex and TribeTech, among others.
- Headquarter Bengaluru, India
- Employees 494 as on 21 Oct, 2024
- Founders Abhishek Kumar, Shreyans Daga, Vijay Arisetty, Vivaik Bharadwaaj
- Stage Minicorn
-
Sectors
Real Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Vivish Technologies Private Limited
- Date of Incorporation 12 Jan, 2016
- Jurisdiction Bengaluru, Karnataka, India
-
Annual Revenue
$3.15 M (USD)175.73as on Mar 31, 2020
-
Net Profit
$-7.74 M (USD)-123.23as on Mar 31, 2020
-
EBITDA
$-8.61 M (USD)-139.26as on Mar 31, 2020
-
Total Equity Funding
$83.31 M (USD)
in 8 rounds
-
Latest Funding Round
$3.29 M (USD), Series B
Apr 19, 2023
-
Investors
Urban Company
& 29 more
-
Employee Count
494
as on Oct 21, 2024
-
Investments & Acquisitions
My Community
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Mygate
Mygate offers a comprehensive portfolio of products and services, including Mygate App, Mygate Locks, Mygate ERP, and Advertising Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Community management app is used for security and convenience.
Smart locks are provided for keyless, secure door access.
ERP software is offered for society accounting and management.
Ad platform is utilized for brand promotion campaigns.
Funding Insights of Mygate
Mygate has successfully raised a total of $83.31M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $3.29 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $3.3M
-
First Round
First Round
(06 Jun 2016)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Mygate | Valuation |
investors |
|
| Nov, 2022 | Amount | Series B - Mygate | Valuation | Urban Company , ACKO | |
| Sep, 2020 | Amount | Series B - Mygate | Valuation | xto10x |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mygate
Mygate has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Urban Company, ACKO and Tencent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on tech startups
|
Founded Year | Domain | Location | |
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Private equity firm focused on multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Mygate
Mygate has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include My Community and Unity Living. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Groceries are offered through an app-based community platform via WhatsApp.
|
2021 | ||||
|
Cloud-based software is offered for apartment management and resident networking.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Mygate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mygate Comparisons
Competitors of Mygate
Mygate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Allthings, Frontsteps, TownSq, ApnaComplex and TribeTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-based solution for building management of properties is offered.
|
|
| domain | founded_year | HQ Location |
Software solutions for community management are offered by Frontsteps.
|
|
| domain | founded_year | HQ Location |
Platform for HOA management, communications, payments, documents, and vendor processes.
|
|
| domain | founded_year | HQ Location |
Software solutions for gated communities and housing societies are provided.
|
|
| domain | founded_year | HQ Location |
Community management software is provided for property owners and managers.
|
|
| domain | founded_year | HQ Location |
Cloud-based tenant experience and community management platform
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mygate
Frequently Asked Questions about Mygate
When was Mygate founded?
Mygate was founded in 2016.
Where is Mygate located?
Mygate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Mygate?
Abhishek Kumar is the current CEO of Mygate. They have also founded this company.
Is Mygate a funded company?
Mygate is a funded company, having raised a total of $83.31M across 8 funding rounds to date. The company's 1st funding round was a Series B of $58.27K, raised on Jun 06, 2016.
How many employees does Mygate have?
As of Oct 21, 2024, the latest employee count at Mygate is 494.
What is the annual revenue of Mygate?
Annual revenue of Mygate is $3.15M as on Mar 31, 2020.
What does Mygate do?
Mygate is established as a prominent provider of community management solutions in India. Technology is developed to enhance security and convenience for gated societies through the Mygate app, which includes over 250 features such as visitor management, amenity booking, and ERP accounting. Smart locks are also offered to bring keyless security from community gates to individual doors. An advertising platform is provided for brands to reach premium audiences across various sectors. Services are extended to over 4 million families across 25,000 communities in more than 50 major cities.
Who are the top competitors of Mygate?
Mygate's top competitors include Frontsteps, ActiveBuilding and TribeTech.
What products or services does Mygate offer?
Mygate offers Mygate App, Mygate Locks, Mygate ERP, and Advertising Platform.
How many acquisitions has Mygate made?
Mygate has made 2 acquisitions, including My Community, and Unity Living.
Who are Mygate's investors?
Mygate has 30 investors. Key investors include Urban Company, ACKO, Tencent, xto10x, and Monteverdi.
What is Mygate's valuation?
The valuation of Mygate is $194.46M as of Nov 2022.