Transforming Security: Mygate Launches Smart Door Locks in the B2B-B2C Market
Smart Door Locks: A New Era of Home Security
B2B-B2C trends have led Mygate, a community and security management startup, to launch a series of smart door locks aimed at the consumer electronics market. The Mygate Locks offer advanced features such as remote management through a dedicated app, real-time notifications, and end-to-end data encryption to ensure safe and smart living.
Three Variants for Every Need
- Lock SE: Basic functionality with essential features.
- Lock Plus: Enhanced features for tech-savvy consumers.
- Lock Pro: Premium model offering top-tier security solutions.
According to Mygate’s co-founder Shreyans Daga, this innovative step is just the start of their journey into smart home appliances, promising a user-friendly security solution. With a strong increase in operating revenue in FY24, Mygate is positioning itself strategically in both the B2B and B2C markets.
Growth Metrics and Future Outlook
Mygate reported a notable financial growth, with total revenue jumping 41% to INR 109.1 Cr. This growth intersects with their successful transition into consumer services, further gaining traction in various revenue streams.
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