MyGate Raises INR 16 crore to Digitize Security at Gated-Premises

Funding Led by Prime Venture Partners

for gated premises, today announced that it has raised INR 16 crore (approx $2.5 million) in its first round of funding, led by Prime Venture Partners. Since its launch in Bengaluru in 2016,

MyGate has validated 24 million visits through their mobile app across 100,000 homes. The company will use the funds to invest in technology and scale to 2 million homes across the top 7 cities within the next two years. As a testament to its popularity amongst gated communities, 5000 guards are already using MyGate in Bengaluru.

The security services market in India is a $6 billion industry according to Grant Thornton report, of which the gated-premise security market, comprising of manual guards and security equipments, is estimated at $2 billion. In the top 7 cities in India, MyGate estimates show that there are more than 100,000 gated communities with 35 million residents. The company is focussed on tapping into this unaddressed market and redefining security at the gates.

Security at gated communities has long followed conventional “man-guarding”, paper and pen system. The process is inefficient and error prone, making the life of security guards difficult. In addition, authentication of residents, visitors, and support staff is a huge challenge. Despite significant investments in physical infrastructure like access cards, boom barriers, biometrics, landline intercom, and others, residential premises are unable to keep track of domestic helps, visitors, delivery trucks, taxicabs & other vehicle movements. In addition, authentication of residents, visitors, and support staff is a huge challenge.

MyGate is a mobile-app-based system and offers a simple yet comprehensive solution by digitizing and often automating manual tasks. The solution comprises of an Android app for security guards and an Android or iOS app for residents, with a fallback to a regular voice call for non-smartphone users. With this system all visitor entries and exits are logged digitally, with complete visibility and control of the resident. MyGate also offers several advanced capabilities such as e-intercom (automatic visitor authentication), kids safety alerts, staff attendance, infrastructure-free vehicle management, touchless resident identification, clubhouse access management, management reporting, and visitor overstay alerts.

MyGate’s two-day onboarding process combined with a pay-as-you-go (SaaS) commercial model has enabled it to be rapidly deployed at several hundred gated communities within one year of its launch. Some of these include properties by builders like Sobha, Prestige, Purvankara, Rohan, Lodha, Salarpuria, Mantri, Adarsh e.g. Adarsh Palm Retreat Villas, Purva Riviera, Prestige St. Johns Woods, Mantri Tranquil and many more. While the MyGate’s primary focus is on residential communities, the technology and the solution are already being piloted at other gated premises, notably office buildings, schools and factories.

Supporting Quotes

Vijay Arisetty, CEO & Co-founder, MyGate

“Security for gated-premises is a multi-billion market that is fundamentally underserved by often obsolete legacy providers and solutions. MyGate provides an outstanding experience for people living in gated communities, allowing them to keep track of their visitors and all the relevant developments in the community with the help of an app. In Prime, we found a hands-on investment partner with a long-term vision and practical execution expertise; we are excited to have them join us as our extended team.”

Sanjay Swamy, Managing Partner, Prime Venture Partners

“I’m delighted to welcome MyGate to the Prime portfolio and feel privileged to be part of this journey. We first experienced MyGate as consumers and loved the product experience; when we met the team, we were very excited by their incredible vision to transform the physical security experience as well as their focus and relentless pursuit of excellence. MyGate is addressing a huge market opportunity and is already the undisputed leader in this space — this funding will help them further expand their thought-leadership and market-leadership!”

Get offer details for your society


MyGate is building technology to simplify check-ins everywhere. Our flagship solution, launched in 2016, currently facilitates over 2 million check-in requests every day at thousands of gated premises across the 25+ cities in which we operate, and continues to show rapid growth. We’ve strengthened our commitment to information privacy by following GDPR guidelines, the global gold standard for data privacy.

Track Your Society’s Bank Account Balance Conveniently on MyGate Admin Dashboard

Managing finances is a critical aspect of running a society & MyGate recognizes the importance of providing tools that simplify this process. The new account balance feature allows you...

Everything you need to know about the new GOI update on E-invoicing

The Indian government has been shifting to the e-invoicing model to prevent tax evasion and improve the transparency of the taxation system. In the latest implementation of the same...

Quick start guide to start E-invoicing on MyGate

In the latest development of the government’s initiative to shift to an e-invoicing model, the Finance Ministry has issued a notification dated May 10, 2023, stating that any GST-registered...

6 Things To Pay Attention To While Generating E-Invoices

Activation of E-Invoicing marks the movement of society towards a serious billing flow. Since the invoices are declared to the GST authorities in real time, it becomes crucial to...

Validated Entries

Secure your home by weeding out fraudulent, incorrect or inauthentic delivery attempts. Ever had to deal with fake delivery attempts, or delivery executives mistakenly providing the incorrect flat numbers...

Notice Board

Notice Board Your society’s Notice Board, but with a smart digital upgrade! Lifts closed for maintenance? Fire drill scheduled for the weekend? Hosting a Diwali party? The MyGate Notice...