The Ledger
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Households in Indian gated communities will double to 30 million
“And as of today, sixteen million households are hosted in these gated communities, and this number is going to go up to thirty million households.”
Indian gated communities will grow from 150,000 to 240,000 within eight years
“These gated communities today, which are 150,000 communities, are going to go up to 240,000 gated communities in the next, you know, five to eight years, right?”
Vijay Arisetty: 25% of delivery truck time was wasted at community gates
“When we used to get these, you know, vehicles, these trucks for eight hours, you know, duty, and almost 25% of the time was getting wasted at the gate, right?”
MyGate saw viral network effects only after crossing 10,000 homes
“And once we crossed 10,000 homes, right? That was close to 200 202 150 communities. Then we started seeing actually, you know, some signs of viral effects, right?”
MyGate has onboarded 25,000 gated communities and 4 million homes
“We have onboarded, you know, we have onboarded 25,000 gated communities, right? And we have built the operational scale and capability, right? And muscle to onboard one million. And this 25,000 gated communities host close to four million homes.”
MyGate ARR reached early double-digit millions by August 2022
“So revenue, I would say that we are in early two digit you know, two digit million ARR as of today.”
MyGate opened APIs to e-commerce companies after reaching 6,000 communities
“We were charging the gated communities, a license fee, monthly license fee, right? And that has helped us to reach almost a scale of, you know, 6000 communities. And that's when we opened up our APIs for all these you know e-commerce companies, right?”
MyGate shared 20 crore INR with housing societies in one year
“And that actually is, you know, in the last one year, we have shared revenue, almost 20 crore worth of you know, value with these you know, management committees. When I say management committees actually goes to the society account and not to the individual's…”
MyGate scaled from 40 to 600 gated communities in eight months
“When we raised money from Prime, we were at 40 Gated Communities. And then in a span of six months, right? We went from 40 to 600 gated communities, right? I would say not six months, but almost seven to eight months, right? We went to 600 gated communities.”