Angel Investments
IoT startup Proxgy raises Rs.2-Cr from Riyan Parag
Gurugram-based Proxgy has raised INR 2 crore from Indian cricketer Riyan Parag.Founded in 2020 by Pulkit Ahuja, Proxgy develops IoT-led hardware and software solutions focused on industrial and other applications. The firm concentrates on sectors requiring remote collaboration, training, and operational monitoring in challenging work environments. The funding proceeds will be used to support the development and scaling of its industrial technology products.
In Jul-23, Proxgy had attracted about USD 2 M from Planify Capital and Others.For FY25, Proxgy had reported about INR 9.4 Cr in Operating Income and about INR 7.41 Cr in Net Loss.
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