Changing face of services security management for gated communities residents use applications MyGate to communicate with neighbors, discussing matters of society and the public in discussion forums internally manages the visitor (guest, delivery, taxis, etc.), maintain a record of attendance, and payroll for help daily , find services, public pay maintenance charges, among many others.
MyGate claims to be growing at 8X year-on-year.
According to the founder, startup is expected to serve close to 7,000 gated community at the end of this year. Since its launch in 2016, also has trained more than 1.7 lakh guards on the platform. Claims startup to grow at 8X year-on-year. Large market opportunity have seen a lot of players throwing their hats into the ring. Today, MyGate compete with the likes of Reliance Industries (who has entered the segment with JioGate apartment-management applications), NoBroker, and Adda, to name a few.
Bengaluru-based startup MyGate offers security management and services for the comfort of gated communities and apartment. Mobile app allows homeowners and residents to have control and monitor the entry and exit, communicating with their neighbors, log attendance for domestic workers and the public to pay maintenance bills.
Seeing the new trend of people sending e-commerce companies and startups delivery of food to be ubiquitous throughout the city, MyGate also has forged partnerships with e-commerce companies to ensure “quiet and safe” delivery experience for the user.
In October 2019 security management startup pocketed $ 56 million in its Series B financing round of China’s Tencent, Tiger Global, JS Capital and existing investors Prime Venture Partners.
Startup says that it will invest in the technology architecture and employs nearly 200 people across functions and technology products. With a team of 700 employees, MyGate plan to take the number of employees to 2,000 over the next year.
Currently, MyGate claim to be serving close to 1.2 million homes in 11 cities and 5,000 gated community. The platform processes more than 60,000 requests per minute and facilitated over 45 million check-in requests every month. According to industry estimates, more than 45 million people in India are living in a gated community, and that figure is growing by 13 percent every year. Private security industry in the country is $ 15 billion market.
MyGate, 315 Work Avenue, #257, 3rd and 4th Floor, 16th Cross, 5th Main, Sector 6, HSR Layout Bangalore KA 560102 Phone 1800 123 2084