Proxgy, a deeptech startup based in Delhi NCR, has secured an investment from Indian cricketer Riyan Parag, who is also the captain of the IPL team Rajasthan Royals. Parag has invested ₹2 Crore in the company.
This investment adds Parag to a notable roster of investors that includes cricketer Ajinkya Rahane, Zerodha co-founder Nikhil Kamath, actor Suniel Shetty, and industrialist Vinod Duggar.
Founded in 2020 by Pulkit Ahuja, Proxgy specializes in developing smart wearables and safety products aimed at improving workplace safety and operational efficiency for blue-collar workers.
The company utilizes a three-tier technology stack that includes:
- Industrial IoT hardware
- Software middleware
- SaaS subscription services
Proxgy serves a variety of sectors, including:
- Power
- Fintech
- Logistics
- Warehousing
- Construction
- Mining
- Oil and gas
- Banking
Some of Proxgy's innovative products include:
- SmartHat: A safety helmet that detects hazards and monitors environmental conditions.
- ProHat & Hat+ Band: Devices that enhance regular helmets with features like cooling and fall detection.
- Lockator: A smart lock for logistics with GPS tracking and geofencing capabilities.
- Sleefe: A smart headset enabling hands-free communication via video and audio.
- AudioPod / AudioCube: A 4G-enabled payment device that provides instant audio transaction alerts.
- BirdBox: A portable device offering comprehensive security surveillance.
Recently, Proxgy was selected for the fourth cohort of the Maruti Suzuki Incubation Program (MSIP), joining other startups like AugurAI and Zen Mobility to co-create solutions with Maruti Suzuki.
Proxgy also gained attention on the inaugural season of Shark Tank India, where it secured ₹1 Crore in funding from Lenskart co-founder Peyush Bansal and BharatPe co-founder Ashneer Grover. To date, the startup has raised approximately $7 million from various investors, including Michael Dias & Associates and LetsVenture.
In the competitive landscape of industrial IoT and smart safety solutions, Proxgy faces rivals such as Jarsh Safety, KARAM, and Mallcom.
