Proxgy In Talks To Raise $5 Mn From Nikhil Kamath’s Gruhas, Others At $51 Mn Valuation

Proxgy In Talks To Raise $5 Mn From Nikhil Kamath’s Gruhas, Others At $51 Mn Valuation

SUMMARY

The funding round will see participation from Nikhil Kamath’s Gruhas, Suniel Shetty, and Manish Patel, who is a minority stakeholder in the Caribbean Premier League franchise Barbados Royals

Proxy aims to use the fresh funds for overseas expansion, scaling up production capabilities, and expanding its team

Founded by Pulkit Ahuja in 2020, Proxgy is a deeptech startup that specialises in internet of things (IoT) based solutions

Delhi NCR-based deeptech startup Proxgy is in advanced stages of discussion to raise around $5 Mn in its Series A funding round, sources told Inc42. 

The funding round will see participation from Nikhil Kamath’s Gruhas, Bollywood actor Suniel Shetty, and Manish Patel, who is a minority stakeholder in the Caribbean Premier League franchise Barbados Royals.

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