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MyGate raked $56 million of funding led by Tencent and Tiger Global

Tiger Global and Tencent have led a series B funding round for Bengaluru-based MyGate who has raised $56 million of funding. In the series A round, MyGate has raised nearly $8.7 million and at the end of Series B, it ended up with nearly $50 million more. MyGate will use the fresh funding to build solutions for residents in gated communities. It will also hire more resources across tech and business development functions.