December 26, 2024: Proxgy, an IoT based smart protective gear, wearables and safety products maker has got the backing of Indian cricketer Ajinkya Rahane for its ongoing $3 million series A funding round. The fresh capital infusion will enable the firm to accelerate efficiency in operations, widen smart protective gear startup’s product portfolio, and expand its global market footprints.
Pulkit Ahuja, Founder and CEO of Proxgy expressed “This funding will enable us to expand globally and bring innovative solutions like SmartHat, Sleefe, and Lockator to industries that need them the most.”
Proxgy Records Strong Revenue Growth in FY24;
The startup reported an multifold revenue growth in FY24, with Rs 50 crore in order book. “Having represented India on the global cricketing stage, I know the importance of discipline, innovation, and precision. Proxgy reflects these values, and their ground breaking products have the potential to redefine safety and productivity in industrial environments.” Rahane explained the rationale behind his investment.
The B2B and B2G startup owns patents for developing products for industries such as mining, oil and refinery, defence, surveillance, road safety, etc.
The Gurugram-based smart protective gear maker’s latest round by the deeptech firm also attracted participation from Nikhil Kamath, Bollywood superstar Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel.
