My Gate
Financials
Estimates*
USD | 2018 |
---|---|
Revenues | 25.5m |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | INR160m | Seed | |
INR160m | Early VC | ||
INR650m | Series A | ||
$56.0m | Series B | ||
* | $12.2m Valuation: $280m | Series B | |
Total Funding | CAD111m |
Related Content
Recent News about My Gate
EditMyGate is a digital platform that provides comprehensive solutions for housing societies. It operates in the real estate market, specifically targeting residential communities. The platform serves as a digital assistant for Resident Welfare Associations (RWAs), offering a range of services from visitor management to community engagement.
The business model of MyGate is based on providing a digital platform that simplifies the management of housing societies. It offers a dashboard where all properties can be managed in one place, making it easier for RWAs to oversee their communities. The platform also facilitates communication within the community, allowing residents to discover society events, find local services like maids or gym instructors, and even get to know their neighbors.
MyGate also partners with professional service providers, such as Urban Company, to offer reliable services to its users. The platform also enables users to pay society dues, rent, and utility bills, providing a one-stop solution for all housing society needs.
In terms of revenue generation, MyGate likely earns through a combination of subscription fees from housing societies, commissions from service providers listed on its platform, and transaction fees from payments made through the app.
The company prides itself on innovation and continuously works to improve its offerings. It has been tested over 1 billion times annually, indicating a high level of user engagement and trust.
In conclusion, MyGate is a comprehensive digital solution for housing societies, simplifying complex tasks and improving community engagement and security.
Keywords: Digital Platform, Housing Societies, Resident Welfare Associations, Community Management, Visitor Management, Service Providers, Utility Payments, Innovation, User Engagement, Security.