Skip to content
Independent startup discovery · Not affiliated with Shark Tank India or Sony
PitchBase Global
Menu
Safety & SecurityIndustrial & B2BSeason 1 · Episode 33Partially verified

Proxgy

Delhi NCR deeptech company making IoT-based smart wearables and smart helmets that improve safety and efficiency for industrial and blue-collar workers.

FoundersInderjit Singh Makkar & Pulkit Ahuja

Visit official website(opens in a new tab)View products (1)

Pitch & term sheet

Shark Tank India Season 1 · Episode 33 · Aired 2 Feb 2022 · Pitch #110

DealClosing not reported

PitchedIoT smart wearables for worker safety

Proxgy asked for 35 lakh rupees for 1% equity. Ashneer Grover and Peyush Bansal together offered 1 crore for 10%, which the founders took.

Founders' ask

₹35 L

for 1% equity

Deal accepted on air

₹1 Cr

₹1 Cr for 10%

Implied valuation

₹10 Cr

Deal terms (ask implied ₹35 Cr)

Implied valuation is calculated by PitchBase Global as cash ÷ equity share and excludes debt. An offer accepted on television is subject to due diligence and may change or not close.

Sharks on the panel

Documented offers

  1. 1.Ashneer Grover & Peyush Bansal

    ₹1 Cr for 10%

    Accepted on air

After the show

Closing not reported

Inc42 (Dec 2024) says Proxgy 'secured' a Rs 1 crore cheque from Peyush Bansal and Ashneer Grover; India.com is unsure the sharks are still investors. No explicit statement that the deal closed; left as unknown.

Partially verifiedLast checked 20 Oct 2026

Products & where to buy

Company timeline

  1. 2020

    Proxgy founded

  2. Oct 2023

    Pre-Series A round of about $2M

Founders & leadership

Sources

  1. 1.
    Deeptech Startup Proxgy Ropes In Ajinkya Rahane As Investor

    Inc42 · Published 25 Dec 2024 · Accessed 20 Oct 2026

  2. 2.
    This Shark Tank India company makes Ashneer Grover, Peyush Bansal 40x richer: Proxgy

    India.com · Published 8 Dec 2024 · Accessed 20 Oct 2026

  3. 3.
    Proxgy official website

    Proxgy · Accessed 20 Oct 2026

  4. 4.
    Peyush Bansal Funded Startups

    StartupTalky · Accessed 20 Oct 2026Recap blog / aggregator

  5. 5.
    Shark Tank India Companies Season 1: The Complete List

    Springzo · Accessed 20 Oct 2026Community or derivative listing

  6. 6.
    Proxgy - Shark Tank India Season 1

    SharkTankSeason · Accessed 20 Oct 2026Community or derivative listing

  7. 7.
    Shark Tank India season 1

    Wikipedia · Accessed 20 Oct 2026Encyclopedia (lead only)

Spotted something wrong?

Corrections with a source link are reviewed and applied to the dataset.

Report an error