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Economic Times
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Mygate boosts revenue by 35% and cuts losses by 82% in FY24
- Mygate, the housing society management app, reported a 35% increase in operating revenue to Rs 96 crore in FY24.
- The company's consolidated net loss narrowed by 82% to Rs 40 crore.
- Total expenses reduced by 51% to Rs 149 crore, mainly driven by lower employee benefits and other expenses.
- Mygate has over 4 million users across 25,000 housing societies and aims for profitability in FY25.
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