
IoT-based solutions provider, Proxgy has secured $3 million funding in Series A round led by India cricketer Ajinkya Rahane with participation from notable investors, including Nikhil Kamath, Bollywood superstar Suniel Shetty, industrialist Vinod Duggar, and key investor Manish Patel.
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Using the recently raised capital, Proxgy intends to increase its global footprint, diversify its product line, and scale its business. Supported by an order book over Rs 50 crore, the Gurugram-based company, experienced in smart helmets and innovative industrial products, announced remarkable multifold sales growth in FY24.
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Ajinkya Rahane said, “Having represented India on the global cricketing stage, I know the importance of discipline, innovation, and precision. Proxgy reflects these values, and their groundbreaking products have the potential to redefine safety and productivity in industrial environments. I am thrilled to support their journey and be a part of their mission.”
Pulkit Ahuja, founder and CEO of Proxgy, said, “This funding will enable us to expand globally and bring innovative solutions like SmartHat, Sleefe, and Lockator to industries that need them the most. Our journey has just begun, and the best is yet to come.”
Manish Patel, partner at CMG Group and investor, said, “Proxgy’s innovative products like SmartHat and Sleefe address critical gaps in safety and productivity across industries. Their potential to scale globally is immense, and I am confident they will set new benchmarks in industrial IoT solutions.”
About Proxgy
Founded in 2020 by Pulkit Ahuja, Proxgy is a technology aggregator working in the field of creative near World technology solutions which ease the day to day issues of its users and let them explore a whole new World of opportunities and possibilities. Proxgy is involved in IoT, AI and NLP to provide its customers a niche and innovative Experiential Discovery platform in a live and assisted manner.