Tencent Leads USD56 million Series B Funding Round in MyGate

Beijing (PingWest)- India-based startup Mygate has raised USD56 million in a series B round from Tencent Holding, JS Capital and Tiger Global Management.

Existing investor such as Banglore-based send fund Prime Venture Partners also participated in the round.

Launched in 2016, MyGate focuses on technologies that enhance security and convenience for residents in gated premises. With its solutions, residents can monitor entries and exits in their gated communities, which are logged digitally.

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