Mygate to merge with Adonmo
By Abha Lohia ·
Mygate: revenue and funding and every story →
- Mygate is a Bengaluru platform that manages residential societies and earns from in-app advertising
- It will merge with Adonmo in an all-stock deal, combining revenue of about ₹500 crore a year
- The merged business is valued near ₹3,500 crore, versus ₹2,000-2,200 crore at Mygate's June round
What happened
- Mygate and Adonmo to merge.
- All-stock deal.
- Combined valuation about ₹3,500 crore.
- Combined revenue near ₹500 crore a year.
Why it matters
- Mygate wants ads beyond its own app.
- Adonmo already advertises in housing societies.
The business
- Mygate manages gated communities.
- Adonmo sells digital ads and is backed by Eternal.
The founders
AK
Abhishek Kumar
Co-founder and CEOWho put in money
- Dharana Capital Led Mygate June round
- Eternal Adonmo backer
In numbers
₹500 CrCombined revenue · annual
Earlier rounds
- June 2026: ₹225 Cr, led by Dharana Capital
Everything on Mygate → · All startup news on 21 October 2026 →
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