MyGate shareholder distribution 2020

Bangalore based Vivish Technologies Private Limited's MyGate launched an equity share buyback program before its series B funding round. At the end of this program, and the funding round the company's co-founder Vijay Arisetty held the highest individual stake of 14.8 percent. Among the different legal entities, Prime Venture Partners had the highest share of 25 percent which was estimated to be worth over 42 million U.S. dollars as of August 2020.

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. Till date, the company had generated funding of around 67.3 million U.S. dollars.

Shareholder distribution of MyGate as of August 2020

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Source

Release date

August 2020

Region

India

Survey time period

2018 to 2019

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