Community management and residential security technology platform Mygate has secured ₹225 crore (approximately $26 million) in fresh funding from growth-stage investment firm Dharana Capital, as the company accelerates its expansion plans and invests in strengthening its technology ecosystem.
The investment marks Mygate’s first major funding round in more than three years and underscores growing investor confidence in digital solutions that enhance security, communication, and operational efficiency within residential communities.
Dharana Capital Acquires Strategic Stake
As part of the transaction, Dharana Capital has acquired an estimated 12% to 14% stake in Mygate through a combination of primary capital investment and secondary share purchases.
The funding will be deployed to expand Mygate’s presence across India’s rapidly growing residential housing sector, improve its integrated community management platform, and accelerate product innovation.
The company has also outlined ambitious growth plans, targeting a network of 10 million homes over the coming years.
Strengthening India’s Residential Community Ecosystem
Founded by Abhishek Kumar, Shreyans Daga, Vijay Arisetty, and Rohit Jindal, Mygate has emerged as one of India’s leading community management and security platforms.
The company provides digital solutions that help residents, resident welfare associations (RWAs), and housing societies manage a wide range of daily operations, including:
- Visitor and gate access management
- Community communication
- Facility and amenity bookings
- Financial management
- Service provider coordination
- Resident engagement
- Security monitoring
In addition to its core platform, Mygate operates a consumer engagement and advertising network that connects brands with residential communities across India.
Serving Millions of Households
Mygate currently claims to serve more than 27,000 residential communities and approximately 5.7 million households nationwide, making it one of the largest technology-enabled residential management platforms in the country.
As urbanization continues to accelerate and gated communities become increasingly common, demand for digital tools that streamline community operations and enhance security has grown significantly.
The company’s platform has become a key enabler for modern residential societies seeking to improve resident experience while digitizing traditionally manual processes.
Strong Revenue Growth in FY25
The latest funding round follows a year of strong financial performance for the company.
According to reported figures, Mygate recorded:
- Operating revenue of ₹173.5 crore in FY25
- 80% year-on-year growth compared to ₹96.2 crore in FY24
The company also made significant progress toward profitability.
Net losses narrowed by 61%, declining from ₹39.7 crore in FY24 to ₹15.4 crore in FY25.
Mygate stated that excluding employee stock ownership plan (ESOP) and stock-based compensation expenses of approximately ₹22.5 crore, the business would have achieved profitability during the fiscal year.
The improvement reflects the company’s focus on operational efficiency, monetization, and sustainable growth.
Growing Investor Confidence in PropTech and Community Management
The investment highlights increasing investor interest in India’s property technology (PropTech) and residential management sectors.
As residential communities continue adopting digital solutions for security, administration, and resident engagement, technology platforms such as Mygate are becoming critical infrastructure for modern housing ecosystems.
Industry analysts expect the market for smart residential management solutions to expand significantly over the next decade, driven by:
- Rapid urbanization
- Growth of gated communities
- Rising demand for security solutions
- Increased adoption of digital services
- Smart city initiatives
- Enhanced resident experience expectations
Building on Previous Funding Milestones
Before the latest funding round, Mygate had raised substantial capital from strategic and institutional investors.
Key funding milestones include:
- $56 million Series B funding round in 2019
- $12 million strategic investment from Urban Company and Acko in 2022
The new investment from Dharana Capital provides additional capital to support the next phase of growth and product development.
Dharana Capital Expands Technology Portfolio
Dharana Capital is a growth-stage investment firm focused on India’s technology and consumer sectors.
Its portfolio includes several high-growth companies across fintech, SaaS, consumer technology, and enterprise services, including:
- Urban Company
- Vyapar
- Zopper
- Lentra
- Itilite
- Petpooja
- Temple
- LAT Aerospace
- Beyond Appliances
The investment in Mygate aligns with Dharana Capital’s strategy of backing technology-led businesses with strong market potential and scalable operating models.
Outlook
With fresh funding, strong revenue growth, and a growing user base, Mygate is well-positioned to capitalize on India’s expanding residential technology market.
The company’s focus on product innovation, community engagement, and operational efficiency is expected to support its goal of reaching 10 million homes while strengthening its leadership position in the community management and security technology segment.
As digital transformation continues to reshape urban living, platforms that simplify residential operations and enhance security are likely to play an increasingly important role in India’s housing ecosystem.
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Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.