MyGate to double revenue in FY25, eyes 30-50% growth year-on-year

Community management leader MyGate is banking on increased penetration in societies and advertising revenue to drive profitable growth in the next three to four years, a top company official told Mint.

- Samiksha Goel

Community management leader MyGate is banking on increased penetration in societies and advertising revenue to drive profitable growth in the next three to four years, a top company official told Mint. "We are at that stage where we can grow at least 30% year-on-year on the back of societies and advertising revenue. With some new verticals and experiments, we may be able to drive 50% growth," said Abhishek Kumar, co-founder and chief executive of the company, for beyond 2024-25.

For this financial year, Kumar said the startup achieved company-wide profitability and was on track to almost double its revenue during the fiscal year, adding that the company can easily keep the momentum for 30-50% growth.

In 2023-24, the company posted a revenue of ₹110 crore and reduced its losses by 82% to ₹40 crore.

The founder told