The funding from Dharana Capital will be used to expand its gated community footprint and strengthen its integrated platform
Cofounder and CEO Abhishek Kumar hinted that the startup is working on expanding Mygate’s presence into international markets like the Middle East market
Looking ahead at FY27, Mygate is expecting to achieve a 37% year-on-year growth on operating revenue while being PAT positive as well
Community management and security startup myGate
has raised ₹225 Cr ($23.6 Mn) in a fresh funding round from Dharana Capital to expand its gated community footprint and strengthen its integrated platform.
In conversation with Inc42, cofounder and CEO Abhishek Kumar also shared the startup’s plans to invest heavily in the product to make it more robust and user friendly. Some of the investments would be centred around enhancing the Mygate platform’s capabilities by introducing features like household calendar of payments.
“We are looking to capitalise on our strength and expand Mygate rapidly from nearly 5.7 Mn homes to 10 Mn homes, by accelerating sign ups across communities in India,” he added.
In line with the scale ambitions, Kumar hinted that the startup is working on expanding Mygate’s presence into international markets like the Middle East market. A part of the capital will be allocated to enhance the product for the international market as well.
Founded in 2016 by Kumar, Shreyans Daga and Vijay Arisetty, Mygate provides security solutions for gated communities, managing entry and exit points through its app-based system. It offers a comprehensive alternative to traditional security tools like RFID cards, biometrics, and vehicle stickers.
The startup generates its primary revenue through a software-as-a-service (SaaS) subscription model, where residential communities and housing societies pay annual or multi-year fees. This subscription model provides communities with access to security and management tools.
Important to highlight that Mygate has seen some top-deck reshuffling over the past few years. In 2024, Arisetty transitioned from his erstwhile advisor role to the role of CEO and founder at Aurm. In June 2025r, Mygate elevated its chief business officer Rohit Jindal as cofounder of the startup.
Prior to this round, the Bengaluru-based startup had raised close to $80 Mn from investors like Tiger Global, Prime Venture Partners, Urban Company, among others.
On the financial front, Kumar claimed that the startup closed FY26 with a top line of ₹232 Cr, marking a 34% uptick from ₹173.5 Cr in the previous fiscal year. The cofounder claims to have registered an EBITDA margin of 10-12% in the fiscal. He didn’t disclose the bottom line performance for the fiscal year.
In FY25, the startup managed to cut its net loss by 61% to ₹15.4 Cr from ₹39.7 Cr loss incurred in the previous fiscal. The startup would have been profitable if not for ESOP and stock related expenses of ₹22.5 Cr during the year under review.
Looking ahead at FY27, Mygate is expecting to achieve a 37% year-on-year growth on operating revenue while being PAT positive as well.
Source: Inc42 - Startups
