Proxgy, an award-winning IoT innovator specializing in safety, connectivity, and productivity solutions, has announced that Ajinkya Rahane, one of India’s most celebrated cricketers, has invested in its
ongoing $3 million Series A funding round. Other key investors in the round
include billionaire entrepreneur Nikhil Kamath, Bollywood superstar Suniel
Shetty, industrialist Vinod Duggar, and key investor Manish Patel, among others.
Speaking about his decision to invest, Ajinkya Rahane said: “Having represented
India on the global cricketing stage, and I know the importance of discipline, innovation,
and precision. Proxgy reflects these values, and its 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 & CEO of Proxgy, expressed his excitement: “Ajinkya
Rahane’s support, along with that of Nikhil Kamath, Suniel Shetty, and Manish Patel,
is a huge endorsement of our vision. 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, who is a Partner at CMG Group based out of United States,
added: “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.”
This ongoing round of funding will be used to scale operations, and expand Proxgy’s
product offerings, and strengthen its international presence. The company recently
reported an impressive 800% revenue growth in FY24, with a 50 crore INR
order book, and has ambitious plans to disrupt industries such as Oil & Gas,
Mining, Construction, and Logistics.
Rahane’s illustrious cricketing career includes leading India to a historic Test series
win in Australia, being a key player across various teams in the Indian Premier
League, and representing India in all formats of the game. His contributions to
Indian cricket, both as a leader and player, have made him a respected figure on
and off the field.
Proxgy, founded by Pulkit Ahuja in 2020, is revolutionizing industries with its
“Make in India” technology solutions, leveraging patented IoT devices, proprietary
software, and an AI-driven SaaS platform. Proxgy has already gained recognition as
one of the most promising start-ups in India. The company has represented India
globally, winning accolades such as the European Product Design Award, Most
Innovative Product at CES Las Vegas, and Most Promising Start-Up at GITEX
Africa. Proxgy and its founder, Pulkit Ahuja, are being featured as one of the top
success stories from Shark Tank India Season 1 on Shark Tank India Season
4, as highlighted in multiple trailers by Sony.
