Funding · Professional & Local Services

Mygate raises ₹225 crore from Dharana Capital

By Startup Enthusiast · 10 June 2026

What they do

Mygate offers an app-based system for gated communities to manage security and daily operations

The company raised ₹225 crore from Dharana Capital to expand to 10 million homes and enter the Middle East

Mygate reported FY25 revenue of ₹173.5 crore and aims to achieve profit-after-tax positivity by FY27

Mygate raised ₹225 crore ($23.6 million) from Dharana Capital.
The company will use the funds to expand its gated community footprint from about 5.7 million homes to 10 million homes.
It will also strengthen its integrated platform and invest in product development.
Mygate plans to introduce a household calendar of payments for residents.
The company will enter the Middle East market and enhance its product for international customers.
Cofounder and CEO Abhishek Kumar shared these plans with Inc42.

Mygate's revenue grew 34% to ₹232 crore in FY26 from ₹173.5 crore the previous fiscal.
Its EBITDA margin was 10-12% in FY26.
The company cut its net loss by 61% to ₹15.4 crore in FY25 from ₹39.7 crore.
Mygate aims for 37% year-on-year growth on operating revenue and to be profit-after-tax positive by FY27.

Mygate provides security solutions for gated communities using an app-based system.
The system manages entry and exit of people and vehicles, replacing RFID cards, biometrics, and vehicle stickers.
Its revenue model is SaaS subscription: residential communities and housing societies pay annual or multi-year fees.
The company serves about 5.7 million homes and plans to reach 10 million homes.

Expand gated community footprint from about 5.7 million homes to 10 million homes.
Strengthen the integrated platform and invest in product development.
Introduce a household calendar of payments.
Enter the Middle East market and enhance product for international customers.
Achieve 37% year-on-year growth on operating revenue and be profit-after-tax positive by FY27.

Product: Integrated platform for resident management, visitor access, finances, amenities, communications and security
Customers: Residential welfare associations and residents in gated communities
How it makes money: SaaS platform subscription with brand engagement and advertising revenue
What sets it apart: Established platform serving millions of homes with integrated ecosystem
Operations: Digital platform with household calendar payments and community features