By Akansha Srivastava

Founded in 2016 by Vijay Arisetty, Abhishek Kumar, and Shreyans Daga as a tech company specialising in community management and security solutions, Mygate ventured into advertising in 2021 amid the pandemic. Fast forward to 2024, and the company is now poised to generate over Rs 160 crore in ad revenue this fiscal year.

During an interview with BestMediaInfo.com, Rohit Jindal, Chief Business Officer at Mygate, said that the platform derives 60-65% of its revenue from advertising.

In FY24, the company recorded revenue exceeding Rs 100 crore, marking a growth of around 35% compared to the Rs 77 crore it posted in the previous fiscal year.

Last year, Mygate made Rs 65 crore from ads, added Jindal.

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