Mygate Raises $67.2M to Revolutionize Community Living and Smart Home Innovation

Mygate is thrilled to announce a major milestone in its journey of innovation and community building, having successfully raised 67,200,000 in its latest funding round. Founded by visionary entrepreneurs Vijay Arisetty, Abhishek Kumar, and Shreyans Daga, Mygate has been at the forefront of solving everyday challenges since 2016 by creating groundbreaking technology that enhances the living experience. Today, our comprehensive community management app is trusted by over 4 million residents across 25,000 societies in India, offering an array of over 250 robust features that cover everything from visitor management and amenity booking to ERP and accounting. This powerful platform not only streamlines the administrative tasks of society management but also fosters safer, more connected neighborhoods. The infusion of 67,200,000 will be strategically deployed to accelerate our product innovations and expand our outreach. With this new capital, we plan to further enhance our app’s capabilities, ensuring that we continue to meet the evolving needs of our vibrant communities. In addition, the funding will support our foray into the consumer devices space, especially bolstering the development and distribution of our smart home ecosystem. Following the successful launch of Mygate Locks in September 2024—a smart door lock range designed for modern living—this investment will help us scale our smart home solutions, making homes across India safer and more intelligent. This funding milestone not only validates the strong market demand for integrated community management solutions but also reaffirms our commitment to continuous innovation. We are excited to drive forward our mission of transforming everyday living, ensuring that technology seamlessly enhances every aspect of community life.