By Team MyGate
MyGate Forays Into Gujarat With Its Comprehensive Security & Community Management Platform
By Team MyGate
First push in major expansion plan post Series B funding announcement; adopted by over 100 communities in Ahmedabad during the pilot phase
Ahmedabad, Nov 27, 2019: MyGate, India’s leading security and community management solution for gated premises, today announced its foray into Gujarat. The Bangalore-based startup has run a successful pilot in Ahmedabad over the past three months, during which it was adopted by over 14,000 homes across 100 gated communities; its mobile-based solution will now also be available in the cities of Surat, Rajkot, Gandhinagar, and Vadodara. This is the first step in its major expansion plan following its $56 million Series B funding announced last month.
The company is aiming to secure 150,000 homes across the state over the coming 12 months. Some of the popular communities in Gujarat where MyGate is already present are Kalhaar Bungalows, Ratnaakar Beaumonde, Aryaman Bungalows, Paarijat Eclat, and Basant Bahar Bungalows. MyGate has an on-ground team in Ahmedabad and is in the process of setting up teams in Gujarat’s other major cities as well.
Gujarat is a role model state for its public infrastructure and a strong contributor to India’s growth, led by the economic performance of major cities. As a result, it has seen a rise in the number of gated communities and some of its cities now regular feature as being among the fastest developing real estate markets in India.
Apartment complexes in Gujarat’s major cities can now deploy the MyGate solution in three days without any investment in hardware or any capital expenditure. The solution is provided in a pay-as-you-go pricing model, and the startup provides and manages the training of facility staff, security guards and residents.
MyGate is a mobile-app-based system that enhances security and convenience for residents of gated communities by digitizing and automating their manual tasks. With MyGate, all entries and exits are approved and logged digitally, with complete visibility and control to the residents. MyGate also offers several advanced capabilities such as e-intercom (automatic visitor authentication), child safety alerts, staff management, infrastructure-free vehicle management, touchless resident identification, clubhouse access management, and admin dashboards/reporting. Apart from all these, MyGate also helps resident welfare associations (RWAs) to manage their society accounting, payments from residents, help desk and other value adds.
MyGate is used by over 1.2 million homes in 5000+ gated communities. The solution is available in 13 major cities, including Mumbai, Delhi-NCR, Bangalore, Hyderabad, Chennai, and Pune. Founded in 2016, the startup is backed by a strong founder team comprising Vijay Arisetty, an ex- IAF pilot (Shaurya Chakra awardee), Abhishek K, former VP at Goldman Sachs, and Shreyans Daga, former project head at Oracle and Digit. The company has raised $67.5 million in two funding rounds and was named one of India’s 25 Coolest Start-ups by Business Today in 2019.
Abhishek Kumar, CEO & Co-founder, MyGate
“With a large number of gated communities in a number of its cities, Gujarat is a strategic market in our expansion plan. Our initial pilot in Ahmedabad has received a phenomenal acceptance, leading to a wave of inbound demand from nearby cities as well. We have massively scaled up our team in the region over the past month and are now geared to serve up our solution to the 18,000-plus gated communities in the state.”
Mr. Sunil Agrawal, Treasurer, Association at Malabar County 2
“MyGate has been a game-changing solution for our community. Our residents are pleased with its innovative features and user-friendly interface, and we as the management committee are now better able to deliver on our mandate of providing a safe, convenient living experience to all. MyGate has elevated security standards by ensuring that no one can enter without permission while also making the entry process easier for us and the security personnel. It has also made accounting processes simpler as it provides many maintenance payment options to residents on the app.”
Mr. Pankaj Patel, Site Incharge, Goyal & Co. Developers
“MyGate’s reliable, robust and hardware-free technology and advanced features enable us to deliver a superior overall experience to our residents. We have already deployed it at several of our properties, where it enhances the security protocol, helps us manage resident tickets, take attendance of housekeeping staff, among much else.”