Mygate secures Rs 225 crore from Dharana Capital, eyes expansion to 10 million homes
Indian community management and security platform Mygate has secured Rs 225 crore (approximately $26 million) from Dharana Capital to accelerate its growth across gated communities, deepen product capabilities, and invest in its technology stack.
Ambitious expansion to 10 million homes
The Bengaluru-based company plans to scale its footprint from 5.7 million to 10 million homes in India by driving faster sign-ups across residential communities and strengthening its suite of tools for societies and residents. A portion of the capital will also support Mygate’s early international push, with the Middle East among the target markets.
Deal structure and stake
As part of the fundraise, Dharana Capital acquired an estimated 12% to 14% stake in Mygate through a combination of primary capital infusion and secondary share transactions.
What Mygate does
Founded in 2016 by Abhishek Kumar, Shreyans Daga, and Vijay Arisetty, Mygate offers an app-based operating system for residential communities. The platform helps manage visitor access and security, payments and billing, amenities booking, communications, and other daily operations within gated complexes.
Leadership updates
Rohit Jindal, who joined in 2017 and served as chief business officer, was elevated to co-founder in June 2025. Vijay Arisetty, formerly CEO, transitioned to chairman of the board in 2024 and later founded and became CEO of asset protection startup Aurm.
Business model and scale
Mygate’s primary revenue stream is a software-as-a-service (SaaS) subscription paid by housing societies and residential communities on annual or multi-year contracts. The company also operates a brand engagement and advertising platform that connects consumer companies with resident communities.
The platform currently serves more than 27,000 residential communities and 5.7 million households across India.
Financial performance
In FY25, Mygate reported operating revenue of Rs 173.5 crore, up from Rs 96.2 crore in FY24. Net loss narrowed to Rs 15.4 crore from Rs 39.7 crore a year earlier. The company noted that it would have posted a profit in FY25 if not for Rs 22.5 crore in ESOP and stock-based compensation expenses.
For FY26, Mygate recorded revenue of Rs 232 crore with an EBITDA margin in the 10%–12% range, while withholding disclosure of net profit or loss. Looking ahead to FY27, the company is targeting 37% year-on-year growth in operating revenue and aims to turn profit after tax positive.
Funding history and investor profile
This marks Mygate’s first major funding round in over three years. Prior to this round, the company had raised more than $80 million from investors including Tiger Global, Tencent, Prime Venture Partners, Acko, and Urban Company.
Dharana Capital, which led the latest investment, is an India-focused growth-stage investment firm. Its portfolio spans companies such as Urban Company, Vyapar, Zopper, Lentra, Itilite, Petpooja, Temple, LAT Aerospace, and Beyond Appliances.
Outlook
With fresh capital, Mygate is set to double down on domestic expansion, enhance product depth for communities and residents, and test international waters. The company’s focus on operating discipline and subscription-led growth, coupled with improving margins, underpins its goal of reaching 10 million homes and delivering sustainable profitability.
