myGate forays into city, aims to secure 50k homes by 2019

Communities in Chennai where it is present include Arun Excello Estancia, Pbel City, Jains Sudarsana, and Olympia Opaline. 

The company has a team of five employees in Chennai and is looking to secure more than 50,000 homes across hundreds of residential communities on its platform in the next 6 months. The company that is currently operational in Bengaluru, Hyderabad and Pune has been adopted by over 2 lakhs homes and has secured more than 80 million visits to date.

myGate started its operations in 2016 from Bengaluru and is focused on securing two million homes across the top seven cities within the next two years. The start-up is backed by a founder team comprising Vijay Arisetty, an ex- IAF pilot (a recipient of the Shaurya Chakra), Abhishek Kumar, a former VP at Goldman Sachs, Shreyans Daga, an IIT-ISB alumni and Vivaik Bhardwaj, also an ex-IAF Pilot. 

myGate raised a total of Rs 16 crore in its first round of funding, led by Prime Venture Partners in January 2018. It is a mobile-app-based system that offers a comprehensive solution for gated communities to manage all operations at the entry and exit gates. It does so by digitising and automating manual tasks done by the guards. 

The solution comprises an Android app for the security guards and an Android or iOS app for residents, with a fallback to a regular voice call for non-smartphone users. With this system, all entries and exits are approved and logged digitally, with complete visibility and control to the residents or management. 

Vijay Arisetty, CEO and Co-founder, myGate, “The trend to reside in gated communities is on a rise as more people migrate to urban cities in search of employment. We identified that the need for security is higher in residences but there is no clear standout which is also cost effective and this is where we are focusing on. We started operations in Chennai in response to a huge inbound demand. We are focused on enabling technology that is wholly and solely dedicated towards enhancing the existing security system of a gated premise. As per our estimate, there are over 5,000+ gated communities in Chennai who can derive immediate benefits by implementing myGate.

Sivabaskaran, Joint- Secretary, Olympia Opaline Owners Association says, “We have a large community of 1,000+ flats and it was getting difficult to manage the huge traffic of all kinds of visitors. The app has its focus on on-ground service and support, and we found ourselves capable of managing the traffic of visitors in a better manner, thanks to the digital integration.”