Indian cricketer Ajinkya Rahane invests in deeptech startup Proxgy's $3 million funding round

Proxgy, an Internet of Things (IoT) solutions provider focused on enhancing safety, connectivity, and productivity, on Wednesday announced that cricketer Ajinkya Rahane has participated in its ongoing $3 million Series A funding round.

Rahane joins other key investors in the startup including Zerodha cofounder Nikhil Kamath, actor Suniel Shetty, industrialist Vinod Duggar and Manish Patel.

Founded by Pulkit Ahuja in 2020, Proxgy boasts of its "Make in India" technology solutions, leveraging patented IoT devices, proprietary software, and an AI-driven software-as-a-service (SaaS) platform.


The company will use the fresh capital to scale operations, expand its product offerings, and strengthen its international presence. Proxgy reported revenue growth in FY24, with a Rs 50 crore order book, and plans to venture into industries such as oil and gas, mining, construction, and logistics.

"This funding will enable us to expand globally and bring innovative solutions like SmartHat, Sleefe, and Lockator to industries that need them the most," Ahuja said.

Speaking about his decision to invest, Rahane said, “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.”

Proxgy and founder Ahuja are also counted as one of the success stories from the first season of business reality show Shark Tank India.