Funding · AI & Deep Tech

Cricketer Riyan Parag invests in Proxgy Series A round

By Startup Enthusiast · 25 March 2026

What they do

Proxgy builds smart safety wearables and IoT devices for industrial workers

Cricketer Riyan Parag invested ₹2 crore in the ongoing $3 million Series A round

The startup has raised approximately $7 million total from existing backers and new investors

Cricketer Riyan Parag invested ₹2 crore into Proxgy's cap table.
This investment is part of an ongoing $3 million Series A funding round.
Existing backers include Ajinkya Rahane, Nikhil Kamath, and Peyush Bansal.
Parag joins as a new investor alongside established supporters of the company.
Proxgy plans to use funds to develop and scale its industrial technology products.
The startup focuses on improving operational efficiency and worker safety in hazardous environments.
Total capital raised by Proxgy stands at approximately $7 million to date.
The company was selected for the Maruti Suzuki Incubation Program cohort 4.

High-profile sports personalities investing in deep-tech startups signals growing mainstream interest.
Industrial IoT and safety tech are critical sectors for India's infrastructure growth.
Proxgy's selection in the Maruti Suzuki incubation program validates its technological approach.

Proxgy builds smart wearables and safety products specifically for blue-collar workers.
It operates across three layers: industrial IoT hardware, software middleware, and SaaS subscriptions.
The flagship product is SmartHat, a helmet that detects gas, temperature, and humidity hazards.
ProHat & Hat+ Band converts regular helmets into smart devices with cooling and fall detection.
Lockator is a smart logistics lock featuring GPS, satellite connectivity, and geofencing capabilities.
Sleefe offers a hands-free video and audio headset for industrial communication.
AudioPod/AudioCube serves as a 4G payment device with instant audio alert functionality.
BirdBox provides portable 360-degree security surveillance for remote or high-risk sites.
Clients span power, fintech, logistics, warehousing, construction, mining, oil, gas, and banking sectors.

Proxgy aims to develop and scale industrial technology products for operational efficiency.
The company will focus on enhancing worker safety through its smart wearable suite.

Riyan Parag (investor) — Rajasthan Royals captain and new investor in Proxgy.
Ajinkya Rahane (existing) — Cricket player and existing backer who invested in December 2025.
Nikhil Kamath (existing) — Zerodha cofounder and existing backer.
Peyush Bansal (existing) — Lenskart cofounder and existing backer.
Suhail Sameer (existing) — Existing backer.
Vinod Duggar (existing) — Industrialist and existing backer.
Manish Patel (existing) — Existing backer.