Focus on hiring in tech and product teams, following strong growth and introduction of new verticals
National, 26th November 2021: MyGate, India’s largest community app, plans to create over 200 new jobs over Q4 2021-22, to grow new business verticals, such as Community and Brand Engagement and Home Services. Engineering and product departments, based in Bengaluru, would account for the majority of its talent search, with the team expected to hit a size of 200 from the current 130. The business development function would see the next largest growth spurt, with new joinees spread across the country.
Over the past year, MyGate has added 10,000 housing societies and grown its presence to 25,000 societies across 25+ cities, despite the pandemic. App usage, therefore, is at an all-time high with 3.8 million daily approval requests and nearly Rs. 4 crore in daily society maintenance collections. Further, the company’s new verticals are also showing strong growth. MyGate has begun working with hundreds of brands on its Brand Engagement vertical and will also build its Home Services vertical. In early, limited pilots in Bengaluru, 10% of daily active users in the target audience have explored Home Services on the app.
Speaking on the need to grow the team, Abhishek Kumar, COO & Co-founder, MyGate, said, “Given the vast room for growth in the space, and our positive results in new areas such as Brand & Community Engagement and Home Services, we are excited to grow the team and quickly work toward solving the many challenges that lie ahead of us.”
Amritesh Shukla, Head of Human Resources, MyGate, said, “As one of the premier technology companies in the country, we have created a strong learning environment and provide our team with the unique opportunity to work in multiple domains, such as community management, fintech and proptech, and deliver a product that improves the lives of over 3.5 million homes many times every day.”
As per a recent report by RedSeer Consulting, MyGate commands a market share of nearly 82% in the gated community management space, which still has a penetration of just 25% and a total market opportunity of up to $40 billion.