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How Proxgy Aims To Transform Blue-Collar Work With Smart Wearables
- Proxgy, a deeptech startup, specialises in IoT-based solutions and provides smart wearables and safety products designed to enhance workplace safety and efficiency of blue-collar workers.
- It operates on a three-layered tech stack, comprising an Industrial IoT hardware layer, a software middle layer, and a SaaS subscription layer.
- The startup claims to have developed a suite of proprietary IoT products and software tools for industrial workers.
- Proxgy caters to leading players across industries, including logistics, warehousing, construction, mining, oil & gas, and banking.
- Since its inception, Proxgy has raised around $6 Mn from Peyush Bansal of Lenskart, Suhail Sameer of BharatPe, Nikhil Kamath of Zerodha, and actor Suniel Shetty.
- Proxgy was born from founder Pulkit Ahuja’s passion for developing new products.
- Proxgy’s product offerings range from smart safety helmet, a lightweight, easy-to-use smart device to 4G-enabled smart industrial locks.
- Revenue surged nearly 80X from about INR 1 Lakh in FY22 to almost INR 78 Lakh in FY23 when the startup appeared on Shark Tank India and secured INR 1 Cr in funding.
- Proxgy aims to expand geographies by tapping into the South American and Middle Eastern markets by next year.
- With eyes on profitability, Proxgy aims for a top line of INR 40 Cr in FY25.
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