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Operating revenue of MyGate FY 2018-2019

Bangalore based Vivish Technologies Private Limited's MyGate app had an operational revenue of 58.3 million Indian rupees in fiscal year 2019. The operating revenue in that year multiplied around four times from that of previous year. The company also raised 56 million U.S. dollars in the series B funding round held in 2019. Tiger Global Management, Prime Venture Partners, Tencent Holdings, and JS Capitals funded its series B round.

MyGate started its operations in 2016 and made its presence felt across 11 Indian cities. The company claimed to have 1.2 million home customers and it handled over 60,000 requests per minute. The company bifurcated its products into two broad segments, namely security management and community management. It included a host of management features such as visitor management, daily staff management, delivery management to name a few.

Operating revenue of MyGate from financial year 2018 to 2019

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Source

Release date

August 2020

Region

India

Survey time period

FY 2018 to FY 2019

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2019 started in April 2018 and ended in March 2019.
One Indian rupee is equal to 0.014 U.S. dollars and 0.011 euros (as of November 2020).
Values have been rounded.

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