Deeptech Startup Proxgy Bags $3 Mn Funding from Cricketer Ajinkya Rahane, Nikhil Kamath

-The proceeds of the fund will be used to scale operations, strengthen international presence among others.

-The proceeds of the fund will be used to scale operations, strengthen international presence among others.

-In 2021, Proxygy received INR 1 Cr investment from Lenskart cofounder Peeyush Bansal and former BharatPe managing director Ashneer Grover in the popular startup show Shark Tank India.

Gurugram-based deeptech startup Proxygy has secured $3 million in its ongoing Series A funding from cricketer Ajinkya Rahane. Besides, key investors in the round include Nikhil Kamath, Suniel V Shetty & Vinod Duggar. 

Founded in 2020, by Pulkit Ahuja, Proxgy offers IoT-based solutions to enhance the lives of blue-collar workers. Its smart wearables and safety products prioritize workplace safety and efficiency. 

The proceeds of the fund will be used to scale operations, strengthen international presence among others.

Proxgy's smart wearables and safety products prioritize workplace safety and efficiency. 

“This funding will enable us to expand globally and bring innovative solutions like SmartHat, Sleefe, and Lockator to industries that need them the most,” said Pulkit Ahuja, cofounder and CEO of Proxgy to CNBC TV 18.

The startup’s product offerings include SmartHat, Sleefe, Lockator, Audiopad, AirHat, and BirdBox among others.

In 2021, Proxygy received INR 1 Cr investment from Lenskart cofounder Peeyush Bansal and former BharatPe managing director Ashneer Grover in the popular startup show Shark Tank India.

After that, the startup pivoted to a completely B2B model.

Further, the startup raised $2 million in a pre-Series A investment round in October, 2024 from investors including LetsVenture, Planify Angel Fund, Mach Tech Fund, and the Madhuram Papers family office, among others.

Reportedly, Proxgy recorded a revenue of INR 8.9 Cr in FY24 and claims to have a monthly recurring revenue of INR 70 Lakh. 

In FY25, the startup aims to generate INR 40 Cr in sales with a focus on profitability.