Indian cricketer and Rajasthan Royals’ captain Riyan Parag has recently invested ₹2 crore in Delhi NCR-based deeptech startup Proxgy, known for its innovative IoT solutions. Parag joins a list of notable investors in the startup, including cricketer Ajinkya Rahane, Zerodha co-founder Nikhil Kamath, and actor Suniel Shetty.
Founded in 2020 by Pulkit Ahuja, Proxgy specializes in smart wearables and safety products designed to enhance workplace safety and operational efficiency for blue-collar workers. The startup’s technology stack includes industrial IoT hardware, software middleware, and a SaaS subscription layer, catering to clients in sectors like power, fintech, logistics, and banking.
Proxgy’s core product offerings include the SmartHat for hazard detection, ProHat & Hat+ Band for smart helmets, Lockator for logistics tracking, Sleefe for hands-free communication, AudioPod/AudioCube for 4G-enabled payments, and BirdBox for security surveillance.
This investment from Parag signifies growing interest from sports and business personalities in deeptech solutions that prioritize safety and productivity in various industries. Proxgy’s collaboration with Maruti Suzuki further showcases its potential for industry partnerships and technological advancements.
Source: Inc42 Media