Ajinkya Rahane, an Indian cricket player, has contributed $3 million to Proxgy's current Series A funding round. Proxgy is an Internet of Things innovator that specializes in safety, connectivity, and productivity solutions. Manish Patel, Vinod Duggar, Suniel Shetty, and Nikhil Kamath are among the other significant investors in the round.

Additionally, in October of last year, the Gurugram-based business raised Rs. 16 crore ($2 million) in a pre-series A round led by LetsVenture, Planify Angel Fund, Mach Tech Fund, and other investors.

Proxgy plans to utilize the additional funds for expanding its operations, diversifying its product offerings, and fortifying its global footprint.

Proxgy was established in 2020 by Pulkit Ahuja with the goal of creating cutting-edge IoT-based solutions. In order to improve efficiency and safety at work, especially for blue-collar workers, the company also sells smart wearables and safety products.

With its wins of the European Product Design Award, Most Innovative Product at CES Las Vegas, and Most Promising Start-Up at GITEX Africa, the Gurugram-based company has represented India internationally.

With an order book of Rs. 50 crores, the company claims to have reported an 800% revenue growth in FY24.

Pulkit Ahuja founded Proxgy in 2020, utilizing artificial intelligence and the Internet of Things (IoT) to enable intelligent device communication. Among its innovations are cameras, 4G and WiFi connectivity protocols, health monitoring systems, cameras, and safety helmets like the SmartHat, which has the smallest gas detection sensor available.

Ajinkya Rahane stated, "Proxgy's products have the potential to redefine safety and productivity in industrial environments."