POWERED BY
Presenting
MyGate
Changing the face of security management services for gated communities
Residents use MyGate app to communicate with neighbours, discuss matters of the community and society on internal discussion forums, manage visitors (guests, deliveries, cabs etc), maintain attendance record, and salary payments for daily help, discover services, pay society maintenance bills, among much else. According to the founders, the startup is expected to serve close to 7,000 gated communities by the end of this year. Since its launch in 2016, it has also trained over 1.7 lakh guards on its platform. The startup claims to be growing at 8X year-on-year. The huge market opportunity has seen many players throwing their hats into the ring. Today, MyGate competes with the likes of Reliance Industries (which has entered the segment with its apartment-management app JioGate), NoBroker, and Adda, to name a few.
  • SAAS
  • Security Management
    HEADQUARTERS
    Bangalore, Karnataka, India
    COMPANY SIZE
    700+ Employees
    FOUNDED
    2016

    Awards

    Awards and Recognitions
    04
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    Bengaluru-based startup MyGate offers security management and convenience service for gated communities and apartments. Its mobile app allows home-owners and residents to have control and monitor entries and exits, communicate with their neighbours, log attendance for domestic workers, and pay society maintenance bills. Seeing the new trend of delivery persons of ecommerce companies and food delivery startups being ubiquitous across cities, MyGate has also forged partnerships with these ecommerce companies to ensure a “silent and secure” delivery experience for the users. In October 2019, the security management startup bagged $56 million in its Series B funding round from China’s Tencent, Tiger Global, JS Capital, and existing investor Prime Venture Partners. The startup said that it will invest this fund in its technology architecture and hire almost 200 individuals across its product and technology functions. With a team of 700 employees, MyGate plans to take its employee count to 2,000 over the next year. At present, MyGate claims to be serving close to 1.2 million homes across 11 cities and 5,000 gated communities. The platform processes over 60,000 requests per minute and facilitates over 45 million check-in requests every month. According to industry estimates, more than 45 million people in India today live in gated communities, and that figure is growing by 13 percent each year. The private security industry in the country is a $15 billion market.

    Funding

    Funding Rounds and Investors
    SERIES-B
    $56M
    Investors
    Tiger Global Management, Tencent Holdings, Prime Venture Partners, JSCapital
    Oct 2019
    SERIES-A
    650M
    Investors
    Prime Venture Partners
    Oct 2018
    SEED
    160M
    Investors
    Prime Venture Partners
    Jan 2016