Mumbai: Dharana Capital has announced an investment of INR 225 crore in Mygate, India’s residential community management technology platform, marking another strategic bet by the investment firm on category-leading technology businesses in the country.
The investment is aimed at supporting Mygate’s next phase of growth, with the company planning to expand its residential community footprint and strengthen its integrated technology platform.
Mygate currently serves more than 27,000 residential communities and 5.7 million homes, offering a full-stack technology solution for Resident Welfare Associations (RWAs) and residents. Its platform supports multiple functions including gate and security management, finance and accounting, amenities management, internal communications, and community engagement.
In addition to operational tools for housing societies, Mygate has developed an integrated brand engagement and advertising layer, enabling brands to connect with residential 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.”
Mygate said the fresh capital will be used to deepen product capabilities, strengthen technology infrastructure, and scale operations as it looks to increase its reach to 10 million homes.
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.”
The investment reflects growing investor confidence in technology platforms serving India’s evolving urban infrastructure and residential ecosystems. With gated communities becoming increasingly prominent across urban centres, platforms such as Mygate are positioning themselves as essential digital infrastructure for modern residential living.
