Mygate raises Rs 225 Cr from Dharana to scale community platform to 10M homes
Mygate secured Rs 225 crore ($26M) from Dharana Capital to deepen its gated-community footprint beyond 27,000 societies and 5.7M households. FY25 revenue jumped 80% to Rs 173.5 Cr with losses narrowing 61% to Rs 15.4 Cr, sharpening its brand-engagement pitch to partners like Urban Company and Acko.
What happened
Mygate raised Rs 225 crore from Dharana Capital to expand its community management platform across gated communities, targeting 10 million homes. FY25 revenue
Key facts
- Rs 225 crore
- $26 million
- 27,000 communities
- 5.7 million households
- 10 million homes target
- Rs 173.5 crore FY25 revenue
- 80% revenue growth
- Rs 15.4 crore net loss
- 61% loss reduction
Why this matters
Mygate's 27,000-society moat is now the cheapest distribution layer to 10M urban Indian homes—evaluate partnership or strategic stake before Dharana's capital cements exclusivity with rival brands.
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- Entrackr — Same time