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Total amount raised
$84 Million
Latest funding date
2026-06-10
Location
MyGate has raised funding over five rounds, with the latest being a growth round in June 2026 led by Dharana Capital. The platform is backed by investors including Acko, Urban Company, Prime Venture Partners, and Dharana Capital.
What Is MyGate?
MyGate is a comprehensive community management platform based in Bengaluru, Karnataka, India. It operates in various industries, including society management software, apps, information services, information technology, mobile apps, and software.
Founded to enhance the living experience in residential communities, MyGate offers a range of tech solutions such as a full-scale ERP for community management, a resident app, smart locks, and an ad platform. The company employs between 1001-5000 people and serves over 27,000 communities across more than 50 cities in India. Its funding journey runs from a 2016 seed round to a ₹225 crore growth round in June 2026 led by Dharana Capital.
How Much Funding Has MyGate Raised?
- Seed Round
- Amount Raised: INR 160,000,000
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of MyGate's community management platform.
- Series A
- Amount Raised: INR 650,000,000
- Date: October 2018
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase market penetration.
- Series B (First Round)
- Amount Raised: USD 56,000,000
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market presence.
- Series B (Second Round)
- Amount Raised: INR 1,000,000,000 (₹100 crore, about USD 12,200,000), with Urban Company and Acko each investing ₹50 crore
- Date: November 2022
- Lead Investors: Acko, Urban Company
- Valuation at Round: INR 17,000,000,000 (₹1,700 crore)
- Motivation Behind the Round: To build strategic partnerships in insurance and home services.
- Growth Round
- Amount Raised: INR 2,250,000,000 (₹225 crore, about USD 23,600,000), comprising about ₹100 crore of primary capital and a secondary share sale by early investors taking partial exits
- Date: June 10, 2026
- Lead Investors: Dharana Capital
- Valuation at Round: INR 21,000,000,000 to INR 23,000,000,000 (₹2,100 crore to ₹2,300 crore)
- Motivation Behind the Round: Dharana Capital acquired a 12-14% stake through a mix of primary and secondary transactions.
Total Amount Raised: USD 56,000,000 + INR 2,810,000,000 in primary funding, which excludes the secondary share sale within the June 2026 growth round. As of September 2026, the company's latest disclosed round is its June 2026 growth round.
Current Valuation: INR 21,000,000,000 to INR 23,000,000,000 (₹2,100 crore to ₹2,300 crore)
Key Investors
- Acko
- Details: Acko is an insurance company that co-led MyGate's November 2022 Series B round with an investment of ₹50 crore.
- Investment Focus Areas: Insurance, security services
- Notable Investments: MyGate
- Urban Company
- Details: Urban Company is a home services provider. It co-led the November 2022 Series B round for MyGate with ₹50 crore.
- Investment Focus Areas: Home services
- Notable Investments: MyGate
- Prime Venture Partners
- Details: Prime Venture Partners is a venture capital firm that invested in MyGate during the Series A round. It focuses on early-stage investments.
- Investment Focus Areas: Technology, software, mobile apps
- Notable Investments: MyGate
- Dharana Capital
- Details: Dharana Capital led MyGate's June 2026 growth round, buying a 12-14% stake worth ₹225 crore through a combination of primary capital and secondary purchases.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: MyGate
What's Next for MyGate?
MyGate's most recent milestone is the ₹225 crore growth round completed on June 10, 2026, in which Dharana Capital picked up a 12-14% stake at a valuation of ₹2,100 crore to ₹2,300 crore. About ₹100 crore of that came in as primary capital for the company, while the remainder was a secondary share sale that gave early investors partial exits.
The company continues to serve more than 27,000 communities across over 50 cities in India with its ERP, resident app, smart locks, and ad platform, and earlier backers include Tiger Global, Prime Venture Partners, and Tencent. MyGate remains privately held, with cumulative primary funding of USD 56,000,000 plus INR 2,810,000,000.
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