What is Proxgy ?
Proxgy is a smart wearable device that lets users “be virtually present” anywhere in real-time using a blend of IoT, augmented reality, and live video streaming.
Here’s what the setup typically includes:
- A hands-free, head-mounted device
- HD livestreaming camera
- 2-way communication system
- Augmented controls through a mobile app
Proxgy on Shark Tank India: The Pitch That Turned Heads
The founders of Proxgy entered the Shark Tank India arena, they came equipped with a sleek pitch, futuristic gadgets, and an even bolder vision.
The Ask:
The startup asked for ₹1 crore in exchange for 1% equity—placing a ₹100 crore valuation on the business. Bold? Yes. Justified? Well… let’s dig deeper.
The Vision:
Founder Pulkit Ahuja, a serial entrepreneur, explained how Proxgy was solving real problems across sectors—shopping, real estate, education, tourism, manufacturing, even elderly care.
What Impressed the Sharks?
- Unique concept in the Indian startup ecosystem
- Multiple use cases across industries
- Integration of real-time data and AR overlays
- Scalable business model
- High-end B2B and B2C applications
Did Proxgy Get a Deal?
Yes! After some back-and-forth negotiations and sharp questions about market readiness and scalability, Proxgy bagged a deal from Anupam Mittal (Founder, Shaadi.com) and Peyush Bansal (CEO, Lenskart).
Final Deal:
₹1 crore for 2% equity
This brought the valuation down to ₹50 crore—still strong for a hardware-tech play in India.
Why Proxgy Stands Out in the Wearable Tech Space
Here’s what makes them different:
Real-time remote presence
You’re not just watching; you’re interacting—live.
Industry-focused solutions
From virtual factory inspections to remote tourism guides.
COVID-era relevance
Social distancing turned into a catalyst for remote interaction.
AI & AR Integration
Overlay data, control directions, and voice-command features baked in.
Proxgy’s tech opens the door to remote shopping, field inspections, tours, and even parental control for kids in new environments—all without being physically present.
Founder’s Background: Pulkit Ahuja
Pulkit Ahuja isn’t new to the tech game. His strong vision for solving real-world inefficiencies helped Proxgy go from idea to product in record time.
Quick facts about Pulkit:
- IIT alumni
- Multiple startups under his belt
- Known for converting abstract ideas into scalable products
- Passionate about leveraging tech for accessibility
Use Cases Beyond the Hype
Let’s talk real-world application. Here’s where Proxgy’s remote presence technology shines:
- Virtual Shopping
Too busy or immobile to visit the market? - Tourism
Explore distant destinations in real-time with a local Proxgy as your eyes and ears. - Real Estate
Want to check out a property remotely? Send in a Proxgy and view live. - Healthcare & Elderly Support
Help aging parents visit temples or markets without stepping out. - Manufacturing/Inspections
Virtual plant visits without flying out engineers.
Market Opportunity: Just How Big is This?
According to Statista, the global wearable technology market is projected to reach over $150 billion by 2028.
India, with its rising internet penetration and smartphone adoption, is ripe for disruption. Proxgy could easily carve out a niche with early-mover advantage.
What’s Next for Proxgy?
- Launched in multiple B2B verticals
- Partnered with retail brands for smart shopping experiences
- Started building enterprise solutions for manufacturing and logistics
- Been featured in national tech journals and startup events
The road ahead? Possibly more AI integration, international expansion, and smart glasses versions of their tech.
FAQs About Proxgy
Q1: Is Proxgy available for personal use?
Yes, individual users can hire a Proxgy through their app for select services like virtual shopping and tourism.
Q2: Is Proxgy a physical product or service?
Both! It’s a combination of hardware (helmet/wearable) and a human agent offering live services via an app.
Q3: Can businesses use Proxgy?
Absolutely. Enterprises use Proxgy for remote inspections, staff monitoring, training, and audits.
Q4: Where can I find more info about Proxgy?
Visit proxgy to check out their YouTube demos and press features.
Wrapping It Up: The Future is (Virtually) Here
With a solid pitch, smart tech, and bold vision, this startup is reimagining the limits of wearable technology and remote presence. It’s not just cool—it’s incredibly useful.
For more Blogs: beyondthepunchlines.com
Author: Team BTP
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