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MyGate raises $56M to bring its security management service to more gated communities in India

MyGate raises $56M to bring its security management service to more gated communities in India

MyGate, a Bangalore-based startup that offers security management and convenience service for guard-gated premises, said today it has bagged more than $50 million in a new financing round as it looks to expand its footprint in the nation.

The startup says it is operational in 11 cities in India and has amassed over 1.2 million home customers.

According to industry estimates, more than 4.5 million people in India today live in gated communities, and that figure is growing by 13% each year.

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