MyGate opens the door to revenue growth and business maturity en route to IPO
In the ever-evolving landscape of community management and security solutions, MyGate continues to challenge the status quo and redefine the standards of safety, convenience, and connectivity within gated communities across India.
The company, founded in 2016, has transformed the living experience in gated communities, providing residents with enhanced security measures and streamlined management processes. It has become a fixture across gated communities across India, achieving significant scale, with 25,000 communities, over one billion visit validations annually, and facilitating Rs 3,000 crore in annual maintenance payments.
Simultaneously, the company has matured as a business, with success in its SaaS and advertising divisions while solidifying its market position. Let us examine how the Bengaluru-based team, started by Vijay Arisetty,Abhishek Kumar, and Shreyans Daga, is setting its sights on an aggressive plan to pursue an Initial Public Offering (IPO) within the next three years.
From product innovation to business growth
MyGate’s growth journey to 25,000 communities and 4 million families has been powered by its continuous innovation. MyGate offers a comprehensive suite of solutions, including communication tools, accounting modules, a property marketplace, a home services platform and more to meet the changing needs and expectations of users.