Proxgy Secures ₹2 Crore Investment from Cricketer Riyan Parag to Strengthen Deeptech Innovation

Delhi NCR-based deeptech startup Proxgy has onboarded Indian cricketer Riyan Parag as an investor, with a ₹2 crore investment in the company. The move highlights growing interest from high-profile individuals in India’s rapidly evolving deeptech ecosystem.

With this investment, Parag joins an impressive list of backers already on Proxgy’s cap table, including Ajinkya Rahane, Nikhil Kamath, Suniel Shetty, industrialist Vinod Duggar, and Manish Patel. This diverse investor base reflects strong confidence in the startup’s vision and technology-driven approach.

Founded in 2020 by Pulkit Ahuja, Proxgy is focused on building smart wearables and safety solutions designed specifically for blue-collar workers. Its products aim to enhance workplace safety, productivity, and operational efficiency, particularly in industries where real-time monitoring and risk mitigation are critical.

At the core of Proxgy’s offering is a three-layered technology stack. This includes an industrial IoT hardware layer that powers its wearable devices, a software middleware layer that processes and integrates data, and a SaaS subscription layer that delivers actionable insights to enterprises. This integrated approach enables organizations to monitor workforce activity, ensure compliance, and proactively address safety concerns.

The company’s solutions are particularly relevant in sectors such as manufacturing, construction, logistics, and heavy industries, where workplace safety remains a significant challenge. By leveraging IoT and real-time data analytics, Proxgy helps businesses reduce accidents, improve efficiency, and ensure better workforce management.

Riyan Parag’s investment not only brings capital but also adds visibility and strategic value to the brand, especially among younger audiences and emerging entrepreneurs. The growing trend of athletes and celebrities investing in startups underscores the increasing convergence of sports, technology, and entrepreneurship in India.

Proxgy’s growth comes at a time when enterprises are increasingly adopting Industry 4.0 technologies to modernize operations and improve safety standards. The demand for smart, connected solutions is rising, and startups like Proxgy are well-positioned to address this need with scalable and innovative offerings.

With strong backing from prominent investors and a robust technology foundation, Proxgy is poised to expand its footprint and deepen its impact across industries. As workplace safety continues to gain importance globally, the company’s solutions could play a pivotal role in shaping the future of smart industrial operations in India and beyond.