{"id":1067,"date":"2024-06-11T03:07:00","date_gmt":"2024-06-11T07:07:00","guid":{"rendered":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/"},"modified":"2024-06-11T03:07:00","modified_gmt":"2024-06-11T07:07:00","slug":"industrial-iot-startup-proxgys-financial-results-for-2024","status":"publish","type":"post","link":"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/","title":{"rendered":"Industrial IoT Startup Proxgy\u2019s Financial Results for 2024"},"content":{"rendered":"<p>Proxgy (Everywhere as a Service Private Limited),\u00a0one of the highest funded startups on Shark Tank India\u00a0based out of Gurugram, announced its unaudited\u00a0financial results\u00a0for the\u00a0Fiscal Year 2024.\u00a0The company recorded an\u00a0800% surge\u00a0in\u00a0gross revenue\u00a0coupled with a significant\u00a0reduction\u00a0of\u00a043%\u00a0in\u00a0operational losses.<\/p>\n<p>Proxgy now operates over\u00a050,000 (fifty thousand) connected devices\u00a0across\u00a0India\u00a0spread across\u00a0600 plus cities\u00a0for various\u00a0Tier 1 clients\u00a0including\u00a0PSU Banks, Private Banks, FinTechs\u00a0and\u00a0Fortune 500 Logistic companies.<\/p>\n<p>Speaking on the development, Pulkit Ahuja, Founder &amp; CEO of Proxgy expressed,\u00a0\u201cWhile most of our implementations last year were focussed around the FinTech space catering to AudioCubes, Dynamic QR devices and AudioCube Minis (Pocket UPI Sound boxes), we were successfully able to launch the Lockator Smart Locks for logistics and transportation customers thereby increasing our product spread and client reach.\u201d<\/p>\n<p>Proxgy is a\u00a0niche Industrial IoT solutions startup\u00a0whose innovative products include the multi award winning futuristic\u00a0SmartHat (Smart Safety Helmet)\u00a0and\u00a0Sleefe (Smart Cap).\u00a0Proxgy\u2019s products are primarily focussed on serving the Industrial workers in India and eventually around the globe ensuring their\u00a0safety, connectivity,\u00a0and\u00a0productivity.<\/p>\n<p>Over the course of last financial year, Pulkit explained that they have invented, engineered, and launched over\u00a08 new SKUs\u00a0addressing the needs of their clientele. Proxgy also rebranded their\u00a0AudioCube \u00a0platform\u00a0which is now recording over\u00a0INR 100 crores\u00a0in\u00a0monthly transactions\u00a0across customers.<\/p>\n<p>\u201cIt is not very often that you see successful implementations of this scale which are completely Made in India for the World. With every implementation, we are quietly building a network of connected devices which would form the base net for easy large-scale deployments of smart cities and smart consumer products in the future.\u201d,\u00a0added Pulkit Ahuja.<\/p>\n<p>These developments are part of Proxgy\u2019s long-term strategy to leverage base layer IoT (internet of things) technology for improving customer experiences and operational processes. The company\u2019s investment in research and development (R&amp;D) has proven pivotal to its success, enabling the rollout of new services that meet the evolving needs of consumers and businesses alike.<\/p>\n","protected":false},"excerpt":{"rendered":"<div>Proxgy (Everywhere as a Service Private Limited),\u00a0one of the highest funded startups on Shark Tank India\u00a0based out of Gurugram, announced its unaudited\u00a0financial results\u00a0for the\u00a0Fiscal Year 2024.\u00a0The company recorded an\u00a0800% surge\u00a0in\u00a0gross revenue\u00a0coupled with a significant\u00a0reduction\u00a0of\u00a043%\u00a0in\u00a0operational losses. Proxgy now operates over\u00a050,000 (fifty thousand) connected devices\u00a0across\u00a0India\u00a0spread across\u00a0600 plus cities\u00a0for various\u00a0Tier 1 clients\u00a0including\u00a0PSU Banks, Private Banks, FinTechs\u00a0and\u00a0Fortune 500 Logistic [\u2026]<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1401,393,115,1],"tags":[10],"class_list":["post-1067","post","type-post","status-publish","format-standard","hentry","category-iot-startups","category-proxgy","category-startup-news","category-top-ai-news","tag-aimastermindscourse-aimastermind-aicourses-getcertifiedinai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial IoT Startup Proxgy\u2019s Financial Results for 2024 - AI Mastermind Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial IoT Startup Proxgy\u2019s Financial Results for 2024 - AI Mastermind Blog\" \/>\n<meta property=\"og:description\" content=\"Proxgy (Everywhere as a Service Private Limited),\u00a0one of the highest funded startups on Shark Tank India\u00a0based out of Gurugram, announced its unaudited\u00a0financial results\u00a0for the\u00a0Fiscal Year 2024.\u00a0The company recorded an\u00a0800% surge\u00a0in\u00a0gross revenue\u00a0coupled with a significant\u00a0reduction\u00a0of\u00a043%\u00a0in\u00a0operational losses. Proxgy now operates over\u00a050,000 (fifty thousand) connected devices\u00a0across\u00a0India\u00a0spread across\u00a0600 plus cities\u00a0for various\u00a0Tier 1 clients\u00a0including\u00a0PSU Banks, Private Banks, FinTechs\u00a0and\u00a0Fortune 500 Logistic [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"AI Mastermind Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T07:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aimastermindscourse.com\/getcertified\/wp-content\/uploads\/2024\/01\/ai-mastermind.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"343\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"abbey4323\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aimastermindco\" \/>\n<meta name=\"twitter:site\" content=\"@aimastermindco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"abbey4323\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\"},\"author\":{\"name\":\"abbey4323\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/#\/schema\/person\/9ad25e00282b80219b15f1f2d0892861\"},\"headline\":\"Industrial IoT Startup Proxgy\u2019s Financial Results for 2024\",\"datePublished\":\"2024-06-11T07:07:00+00:00\",\"dateModified\":\"2024-06-11T07:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\"},\"wordCount\":351,\"publisher\":{\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/#organization\"},\"keywords\":[\"#aimastermindscourse #aimastermind #aicourses #getcertifiedinai\"],\"articleSection\":[\"iot startups\",\"Proxgy\",\"Startup news\",\"Top AI News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\",\"url\":\"https:\/\/aimastermindscourse.com\/getcertified\/index.php\/2024\/06\/11\/industrial-iot-startup-proxgys-financial-results-for-2024\/\",\"name\":\"Industrial IoT Startup Proxgy\u2019s Financial Results for 2024 - 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