Aggressive East India Expansion Plan After Establishing
Strong Kolkata Base
Launches Cuttack and Raipur; on track to touch nine cities in the area by mid-2020
Kolkata, Jan 09, 2020: MyGate, India’s leading security and community management solution for gated premises, today announced plans to expand across East India after solidifying presence across Kolkata. The company aims to secure 800,000 homes across 2100 gated communities around East India by the end of this year, of which Kolkata would account for around 30 per cent.
Its mobile-based security and community management solution is now in over 60,000 homes across 250 gated communities in the West Bengal capital, including prestigious locations such as IIM Calcutta, Uniworld City (a 100-acre township) and a total of six properties housing defense personnel (in Alipore, Hastings and Khidirpur).
It has now announced the launch of its solution in Cuttack and Raipur, with six other cities, including Guwahati, Bhubaneswar and Ranchi, to follow by mid-2020. The planned expansion is a key business focus following MyGate’s recent $56 million Series B funding announcement.
Multiple cities in East India are experiencing real estate growth. Kolkata witnessed a 19% increase in the sale of homes in 2019 according to JLL, a leading real estate research firm, with Cuttack, Bhubaneswar and Raipur named among the fastest developing real estate markets in India.
Apartment complexes can deploy the MyGate solution in six days without any investment in hardware or any capital expenditure. MyGate is a mobile-app-based system that enhances security and convenience for residents of gated communities by digitizing and automating their manual tasks.
With MyGate, all entries and exits are approved and logged digitally, with complete visibility and control to the residents. MyGate also offers several advanced capabilities such as e-intercom (automatic visitor authentication), child safety alerts, staff management, infrastructure-free vehicle management, touchless resident identification, clubhouse access management and admin dashboards/reporting. Apart from all these, MyGate also helps resident welfare associations (RWAs) to manage their society accounting, payments from residents, help desk and other value adds. The solution is provided in a pay-as-you-go pricing model, and the startup provides and manages the training of facility staff, security guards and residents.
Vijay Arisetty, CEO & Co-founder, MyGate
“Strong acceptance of our offering across Kolkata has ushered in a wave of organic inbound demand from numerous cities in East India over the past six months. We have, therefore, massively scaled up our team in the area. It is fitting that this will be among our largest operations outside of the major metros, given that East India now features some of the brightest spots in the country’s real estate market.”
Indrajit Sen, Secretary, Sohum Apartments
“We’re extremely happy to have MyGate as a partner in enhancing the security of our community. It has also made life simpler for our residents with its many powerful features. Be it the robustness of the app or the customer service from their on-ground team, we’re very satisfied with their offering.”
Deepak Singh, Board Member, Greenfield City
“MyGate has brought about a change in our community, both from a security and convenience perspective. Our residents are at ease in the knowledge that all visitors to the community are approved, and elated at the addition of technology to the most burdensome aspects of community living. We have people of all ages using it within our society.”