MyGate Secures Rs. 225 Crore From Dharana Capital, A Big Push For Smarter Housing Societies

MyGate has secured Rs. 225 crore from Dharana Capital, giving India’s housing society management space a fresh boost. The Bengaluru-based startup is known for helping gated communities manage visitors, payments, complaints, staff entries, deliveries and daily resident communication through one app.

This funding matters because apartment living in Indian cities is becoming more complex. Large societies now have thousands of residents, multiple gates, vendors, delivery partners, security guards, payments, notices and maintenance issues to handle every day. A notebook at the gate is no longer enough. MyGate wants to become the digital backbone for these communities. With the new capital, the company plans to expand its footprint, improve its integrated platform and move closer to its next growth phase.

What MyGate does

MyGate is a community management and security platform for gated societies. It helps resident welfare associations, facility managers, security teams and residents coordinate daily tasks.

For example, when a guest arrives, the guard can send an approval request to the resident through the app. Residents can approve or reject the entry from their phone. The same platform can also help track deliveries, domestic workers, maintenance staff, complaints, notices and society payments.

MyGate has also expanded beyond visitor management. Its platform now includes ERP tools for RWAs, accounting, facility booking, resident communication, helpdesk systems, vendor control, smart locks and an ad platform for brands targeting residential communities.

Founders and founding year

MyGate was founded in 2016 by Vijay Arisetty, Abhishek Kumar and Shreyans Daga. The company is operated by Vivish Technologies Private Limited and is headquartered in Bengaluru. Vijay Arisetty is a former Indian Air Force helicopter pilot and Shaurya Chakra awardee. Abhishek Kumar, now Co-founder and CEO, previously worked at Goldman Sachs. Shreyans Daga is Co-founder and CPO, with experience in technology and product building.

This founder mix helped MyGate understand both sides of the problem – security operations at the gate and the technology needed to manage large residential communities.

Inside the Rs. 225 crore deal

According to reports, MyGate has closed a Rs. 225 crore funding deal with Dharana Capital. The company plans to use this money to expand across more gated communities and strengthen its product platform. MyGate wants to grow from nearly 5.7 million homes to 10 million homes. The company is also exploring international markets, including East Asia.

MyGate has raised capital earlier from investors such as Tiger Global, Prime Venture Partners, Urban Company and Acko. Dharana Capital’s investment shows that investors still see potential in residential community technology, especially as urban India becomes more apartment-led.

Why this funding matters

This funding is important because MyGate is no longer just solving a security problem. It is building a larger community operating system. In a modern society, residents want more than entry alerts. They want to pay maintenance dues online, book the clubhouse, raise complaints, receive notices, manage staff entries and communicate with the association without confusion.

For RWAs, the need is also practical. They need accounting records, audit trails, vendor management, complaint tracking and smoother communication. A digital platform can reduce manual work and make society operations more transparent.

A simple example explains this. In an old system, a resident may call the guard, message the committee, visit the office and follow up repeatedly for a small plumbing complaint. In a digital system, the complaint can be logged, assigned, tracked and closed inside one platform.

How MyGate makes daily life easier

MyGate helps different users in different ways.

• For residents, it reduces small daily frictions. Guest approvals, parcel updates, staff entries and society announcements come to the phone.
• For security guards, it replaces scattered registers with a more organised digital process.
• For RWAs, it brings payments, complaints, accounting and communication into one dashboard.
• For brands, MyGate’s ad platform offers access to urban residential communities, though this part also makes data privacy and consent important.

This is why MyGate’s business is more than a mobile app. It sits at the centre of urban living, security, payments and local community commerce.

Business model and financial picture

MyGate earns mainly through a software-as-a-service model. Housing societies and communities pay annual or multi-year subscription fees to use its tools. The company also has other revenue opportunities through smart devices, advertising, services and community commerce.

As per reports, MyGate closed FY26 with a top line of Rs. 232 crore, up from Rs. 173.5 crore in the previous fiscal year. The report also said the company claimed an EBITDA margin of 10-12 percent for FY26. In FY25, MyGate reduced its net loss to Rs. 15.4 crore from Rs. 39.7 crore a year earlier.

These numbers suggest the company is trying to move from growth-heavy startup mode toward stronger business maturity.

Competitors in the market

MyGate competes with NoBrokerHood, ADDA, ApnaComplex, ApartmentAdda, SocietyRun and other housing society management platforms. NoBrokerHood is one of its closest competitors because it also combines society management with real estate and community services. ADDA and ApnaComplex have long served apartment associations with accounting, communication and management tools.

The competition is not only about software features. Societies care about reliability, support, pricing, data privacy, ease of use and how quickly guards and residents can adapt.

What could change after this funding

The fresh funding could help MyGate expand into more cities and societies. It may also invest more in product improvements, smart devices and international-ready features.

One area to watch is smart home and smart access. MyGate has already entered smart locks, and this could become more important as apartment security shifts from gate-only access to door-level convenience.

Another area is society finance and payments. Maintenance dues, vendor payments and expense records are painful for many RWAs. Better accounting and payment tools can make MyGate more useful beyond security.

The company may also deepen its ad and commerce platform, but it will need to handle user trust carefully. Residents may accept convenience, but they will not like aggressive ads or unclear data usage.

Challenges ahead

MyGate has strong reach, but the road ahead is not simple. Housing societies can be slow to change vendors because committee decisions take time. Pricing pressure can also be high, especially if competitors offer bundled services.

Data privacy is another major issue. A platform like MyGate handles visitor records, resident information, staff details and community activity. The company must keep privacy, consent and security at the centre of its product.

The third challenge is support quality. A society app is used by guards, senior citizens, tenants, owners, managers and committee members. If the app is confusing or support is weak, adoption can suffer.

Conclusion with key takeaways

MyGate’s Rs. 225 crore deal with Dharana Capital is a strong signal for India’s residential technology sector. The company is trying to move from visitor management to a full community platform for modern apartment living.

Key takeaways

• MyGate has secured Rs. 225 crore from Dharana Capital.
• The company was founded in 2016 by Vijay Arisetty, Abhishek Kumar and Shreyans Daga.
• MyGate helps gated communities manage security, payments, complaints, visitors, staff, communication and smart devices.
• The company plans to expand from nearly 5.7 million homes to 10 million homes, according to reports.

Its main competitors include NoBrokerHood, ADDA, ApnaComplex, ApartmentAdda and SocietyRun.

Facts Input- Inc42