"Planify Joins Forces in $2 Million Pre-Series A Funding Round for Deeptech Startup Proxgy"

Deeptech startup Proxgy has secured $2 Mn (INR 16 Cr) in a pre-Series A funding round led by funds such as LetsVenture, Mach Tech Fund, Cogniphy Angel Fund, Madhuram Papers Family Office, and AKGVG & Associates, along with its existing investors. The funding round was a blend of primary and secondary fund infusions. Founded by Pulkit Ahuja (CEO) in 2020, Proxgy is a deep tech startup that specializes in Internet of Things (IoT) based solutions. It also provides smart wearables and safety products to blue-collar workers to prioritize workplace safety and efficiency.