21 hours ago
Billionaire Harsh Goenka shares how IIT graduate and ex-Goldman exec Abhishek Kumar worked as security guard before starting MyGate
Abhishek Kumar holds degrees from the presitigious IIT-Kapur and IIM Ahmedabad. (Pic credits- LinkedIn)
Billionaire
Harsh Goenka
recently shared the extraordinary journey of
Abhishek Kumar
the co-founder of MyGate. Goenka recently took to social media platform X (formerly known as Twitter) to share a small incident about Kumar. An IIT-Kanpur and IIM-Ahmedabad alumnus, Kumar left his job at
Goldman Sachs
to work as a security guard. This experiment laid the foundation of his startup
MyGate
which now values Rs 1,670 crore.
Billionaire Harsh Goenka shared how MyGate co-founder Abhishek Kumar worked as a security guard
'In 2016, IIT grad & ex-Goldman exec Abhishek Kumar became a security guard working 14-hour shifts. That experience of understanding pain points led to his creating MyGate: now in 25,000+ communities, 100M+ check-ins/month. Moral: To build for others, first walk in their shoes,' wrote Goenka in a post on X.
Kumar's decision to work as security guard was part of his immersive research. Kumar spent weeks working a security guard to understand their daily challenges such as handling cals, manually logging visitors, managing complaints and more. These valuable insights helped him in the creation of MyGate. For those unaware, MyGate is a digital platform which works towards streamlining the security, visitor access and more.
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Undo
MyGate was founded in 2016 by Abhishek Kumar, Shaurya Chakra awardee Vijay Arisetty, and tech entrepreneur Shreyans Daga. The startup now serves 4 million residents across 25,000 housing societies, facilitating more than 100 million monthly check-ins.
Now the startup has expanded to
smart locks
, home automation and insurance distribution. In 2022, the startup raised around Rs 100 crore in 2022 from Urban Company and Acko, and its revenue jumped from Rs 77 crore in FY23 to Rs 109 crore in FY24.
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