What is Proxgy?
Proxgy is an innovative software company based in New Delhi, India, that is redefining how users interact with the physical world through virtual reality. The platform allows individuals to connect with and operate a "Real World Proxy or Avatar," enabling them to shop, complete tasks, and engage with specific locations remotely. This unique approach bridges the gap between the digital and physical realms, offering novel solutions for remote interaction and commerce.
How much funding has Proxgy raised?
Proxgy has raised a total of $2.3M across 2 funding rounds:
Other Financing Round
$250K
Other Financing Round
$2M
Other Financing Round (2021): $250K with participation from Suramya Choudhary, Inderjit Singh Makkar, Lexical Systems, and Michael Dias & Associates
Other Financing Round (2023): $2M led by Planify, Cogniphy, and lvxventures.com
Key Investors in Proxgy
Planify
Planify is a fintech startup that focuses on building India's first marketplace for private equity. Planify acts as an investment banking firm for start-ups and private companies to help them raise funds through its various channels. Planify also offers stocks that are not yet listed to investors (Angel, Accredited Investors, VC, AIF, and PE Funds) so that the exchange of hands can become easy in unlisted companies on their own platform.
Cogniphy
Cogniphy is a SEBI registered Category 1 Angel Fund focused on empowering Indian entrepreneurs to expand globally. The company offers a transparent and accessible platform for investors to explore diverse investment opportunities in start-ups and early-stage businesses across various industries. Cogniphy also provides a streamlined fundraising process for companies at any stage, promoting collaboration and community engagement. Targeted at sophisticated investors, Cogniphy emphasizes the importance of understanding investment risks and making informed decisions.
lvxventures.com
LetsVenture is India's most trusted platform for Startups for seed/angel funding. The company connects startups with Global angels, VCs and Startup programs. In past 5 years, LetsVenture has enabled 170+ transactions with more than USD 70M infused into startups like Innov8, DailyNinja, YourDost, Bobble App, MyUpchar, TestBook, Ayurveda Experience, Ketto, Adpushup, Little Black Book, Drivezy, Porter, Wishberry etc.
What's next for Proxgy?
With the recent major strategic investment, Proxgy is poised for significant expansion and further development of its virtual reality proxy technology. The company's trajectory suggests a focus on scaling its operations, enhancing user experience, and potentially exploring new market applications for its innovative platform. This latest backing will likely fuel advancements in its core technology and broaden its reach within the burgeoning metaverse and remote interaction sectors.
See full Proxgy company page
