The main investors in this startup include Zerodha cofounder Nikhil Kamath, actor Suniel Shetty, industrialist Vinod Duggar and Manish Patel. Proxgy offers "Make in India" technology solutions, leveraging patented IoT devices, proprietary software and an AI-based software-as-a-service (SaaS) platform. The company will use the new funding to grow its operations, expand its products, and increase its presence internationally.