Cricketer Ajinkya Rahane has decided to invest in Proxgy startup and this highlights the growing interest of celebrities in innovative businesses lately. Proxgy rose to fame through Shark Tank India and its current valuation is Rs 400 crore. The participation of Rahane in its $3 million Series A funding round brings attention and adds credibility.
Proxgy has attracted some of the biggest names across various fields like Rahane, Zerodha co-founder Nikhil Kamath and Bollywood actor Suniel Shetty. Such backing is evident that the startup has the required ability to innovate and create value. Rahane noted the way the Proxgy focuses on safety and productivity.
The growth story of Proxgy story is remarkable like from securing funding at a valuation of Rs 10 crore during debut on Shark Tank India to reaching Rs 400 crore in three years of time period. Proxgy has demonstrated the power of strategic decisions and relentless effort.
The early days of Proxgy on Shark Tank India serve as a reminder of the way uncertain beginnings can lead to extraordinary outcomes. The judges initially were not convinced of its potential, but Ashneer Grover and Peyush Bansal saw enough promise to invest.
The success story of Proxgy is all about the spirit of entrepreneurship and young businesses in India. It is a witness to believe in a vision and currently seems well-positioned to explore some more new opportunities. It is to continue its journey of redefining safety and productivity equipped with celebrities on board.
