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
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Sectors
Real Estate & Construction
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Vivish Technologies Private Limited
- Date of Incorporation 12 Jan, 2016
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$3.15 M (USD)175.73as on Mar 31, 2020
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Net Profit
-$7.74 M (USD)-123.23as on Mar 31, 2020
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EBITDA
-$8.61 M (USD)-139.26as on Mar 31, 2020
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Total Equity Funding
$83.31 M (USD)
in 8 rounds
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Latest Funding Round
$3.29 M (USD), Series B
Apr 19, 2023
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Investors
Urban Company
& 29 more
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Employee Count
494
as on Oct 21, 2024
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Investments & Acquisitions
My Community
& 1 more
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Products & Services of Mygate
Mygate offers a comprehensive portfolio of products and services, including Mygate App, Mygate Locks, Mygate ERP, and Advertising Platform.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on tech startups
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Venture and private equity investments are managed with global diversification.
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Private equity firm focused on multiple sectors
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Investor details for Mygate
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Mygate
Mygate has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include My Community and Unity Living.
Investment portfolio details for Mygate
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Groceries are offered through an app-based community platform via WhatsApp.
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Locked | Locked | 2021 | Locked | |
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Cloud-based software is offered for apartment management and resident networking.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Mygate
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Mygate
Detailed financials for Mygate
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- Profit trends
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Mygate Comparisons
Peer comparison for Mygate
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-based solution for building management of properties is offered.
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Software solutions for community management are offered by Frontsteps.
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Platform for HOA management, communications, payments, documents, and vendor processes.
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| Locked | Locked | Locked |
Software solutions for gated communities and housing societies are provided.
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| Locked | Locked | Locked |
Community management software is provided for property owners and managers.
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Cloud-based tenant experience and community management platform
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Detailed competitors of Mygate
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- Domains and locations
- Full company profiles
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Latest news on Mygate
Complete news archive for Mygate
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Mygate
Mygate was founded in 2016.
Mygate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abhishek Kumar is the current CEO of Mygate. They have also founded this company.
Mygate is a funded company, having raised a total of $83.31M across 8 funding rounds to date.
As of Oct 21, 2024, the latest employee count at Mygate is 494.
Annual revenue of Mygate is $3.15M as on Mar 31, 2020.
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.
Mygate's top competitors include Frontsteps, ActiveBuilding and TribeTech.
Mygate offers Mygate App, Mygate Locks, Mygate ERP, and Advertising Platform.
Mygate has made 2 acquisitions, including My Community, and Unity Living.
Mygate has 30 investors. Key investors include Urban Company, ACKO, Tencent, xto10x, and Monteverdi.
The valuation of Mygate is $194.46M as of Nov 2022.