Bengaluru, India – Mygate, the all-in-one ERP and community management platform for gated communities, has raised INR 16 crore (approximately USD 2.5 million) in its first funding round, led by Prime Venture Partners. The platform enables resident welfare associations (RWAs) to manage society accounting, track payments, oversee amenities, and streamline helpdesk operations, while also offering integrated security features for a safe and convenient living experience.
Since its launch in Bengaluru in 2016, Mygate has become the most trusted digital operating system for gated communities, integrating society ERP, resident engagement, and service management into a seamless mobile-first platform. The app helps RWAs manage accounting, payments, amenities, and helpdesk operations efficiently, while also supporting over 5,000 security personnel in digitizing daily tasks. To date, Mygate has facilitated more than 24 million visitor validations across 100,000 homes.
With this fresh capital, Mygate will accelerate technology investments and scale its reach to two million households across India’s top seven cities within the next two years.
The Indian private security services market is estimated at six billion dollars, with gated communities accounting for nearly two billion. Additionally, the housing society management software market is rapidly growing as communities demand better automation in accounting, payments, compliance, and resident services. Mygate uniquely combines these two segments into a single ERP suite that goes far beyond traditional visitor management.
The platform eliminates inefficient, manual processes like pen-and-paper registers, fragmented accounting systems, and scattered communication tools. Instead, it offers a holistic digital solution that includes:
- ERP & Accounting Automation: Digital invoicing, payment collections, GST compliance, multi-level approvals, and audit-ready reporting for RWAs.
- Resident Engagement: Community polls, clubhouse access, amenity booking, and announcements.
- Scalable SaaS Model: Rapid two-day onboarding and pay-as-you-go pricing make adoption easy for communities of all sizes.
- Security & Visitor Management: Real-time guest authentication, e-intercom, staff attendance tracking, vehicle management, child safety alerts, and visitor overstay notifications.
Already deployed across hundreds of premium residential complexes developed by leading builders such as Sobha, Prestige, Puravankara, Rohan, Lodha, Salarpuria, and Mantri, Mygate has proven its ability to integrate ERP, payments, and security in one platform. The company is also piloting deployments in schools, factories, and office campuses.
Vijay Arisetty, Co-founder and Chief Executive Officer, Mygate, said:
“The future of gated community living is digital-first. Mygate is no longer just about security; it is a complete ERP solution that automates accounts, simplifies payments, and fosters community living all while strengthening security at the gate. With Prime Venture Partners by our side, we are ready to scale this all-in-one platform to millions of households across India.”
Sanjay Swamy, Managing Partner, Prime Venture Partners, said:
“We first experienced Mygate as consumers and were struck by how seamlessly it solved daily community challenges. The team’s vision of building an ERP-led all-in-one platform for gated communities positions them uniquely in a multi-billion dollar market. We are delighted to partner with Mygate as they continue to redefine security, accounting, and community management.”