Dharana Capital invests Rs 225 crore in Mygate

Dharana Capital has announced an investment of Rs 225 Cr in Mygate, India’s leading technology platform for residential community management. Combining a full-stack toolkit for housing society RWAs (Resident Welfare Associations) and a resident engagement app, Mygate’s solutions are trusted by over 27,000 residential communities and 5.7 million homes.

Mygate’s platform has been the lifeline for RWAs that depend on its comprehensive suite of solutions, including management of gate & security, finance & accounting, amenities, internal communications, and much more. The platform also features a built-in brand engagement and advertising layer offering brands a powerful channel to engage with communities at scale.

Commenting on the development, Vamsi Duvvuri, Founder and Managing Partner, Dharana Capital, said: “Mygate is a household brand in the community management category and, through the team’s disciplined execution, has established clear market leadership. We believe that urban India’s move towards gated communities is an irreversible trend and Mygate provides an essential platform to power these ecosystems. We look forward to working closely with the founders to support the company’s next phase of growth.”

Abhishek Kumar, Co-founder and CEO, Mygate, added: “We are excited to have Dharana Capital join us in our growth journey. Dharana’s deep engagement with portfolio companies makes them a strong partner in our efforts to enhance the breadth and depth of our platform. Over the last three years, Mygate has delivered more than 3x revenue growth while achieving profitability and reinforcing its market leadership position. Our unwavering focus on solving real problems for gated communities at scale has been central to this journey. We will use the fresh capital to accelerate Mygate’s expansion towards 10 million homes, deepen our product and technology capabilities, and build a more intelligent, integrated operating system for residential communities.”