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Season 1

Proxgy Shark Tank India Season 1

by IndiaSuccessStories
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Proxgy Shark Tank India Season 1 Got 1 crore Funding in Exchange of 10% Equity by Ashneer Grover and Peyush Bansal.

Proxgy Shark Tank India Season 1

Pitch no 110 with company details

Proxgy

It is critical to understand that Proxgy has developed technology that is patented in India. Undoubtedly, Proxgy aims to address every concern by providing an unparalleled degree of privacy, discoverability, and immersive experience. Proxgy’s product line primarily comprises of four primary domains, each of which guarantees the provision of multi-payment gateway audio boxes and warehouse utilization.

Founder of Proxgy

Proxgy’s founder and CEO, Pulkit Ahuja, stated We are ecstatic to have won the SuperNova Championship and deeply appreciative. We are the first Indian company to win this competition in history, which is a credit to the diligence, commitment, and creative thinking of our entire team. These acknowledgements inspire us to keep pushing the envelope and transforming the tech sector for blue-collar workers.

Proxgy Funding Round

Company Name

Proxgy

Shark Tank India Season

1

Episode No

33

Season No

1

Brand

Proxgy

Idea

VR

Original Ask

35 lakhs for 1% Equity

Deal

1 crore for 10% Equity

Invested By:

Ashneer Grover and Peyush Bansal

At the heart of Proxgy's pitch was a commitment to leveraging VR technology to break down barriers and expand horizons. Their platform was designed to offer users a sense of presence and agency in virtual environments, allowing them to engage with new places and experiences in ways that were previously unimaginable. Proxgy aimed to democratize travel, education, and entertainment by making immersive VR experiences accessible to everyone.

The Pitch:

Proxgy entered the tank with an ambitious proposition: to transport users to any location in the world through the power of virtual reality (VR) technology. Their platform offered immersive experiences that allowed users to explore distant destinations, attend events, and interact with real-world environments—all from the comfort of their own homes. With an original ask of 35 lakhs for 1% equity, Proxgy sought to garner support for their visionary venture.

The Deal:

Impressed by Proxgy's vision and potential, Ashneer Grover and Peyush Bansal recognized an opportunity to support a brand that was poised to transform the way people perceive and interact with the world. They collectively offered 1 crore for a 10% equity stake in the company, providing Proxgy with the financial backing and strategic guidance needed to further develop their platform, expand their content offerings, and reach a wider audience of VR enthusiasts.

Investors Behind Proxgy

Ashneer Grover and Peyush Bansal: Proxgy enthusiastically accepted the offer from Ashneer Grover and Peyush Bansal, marking a significant milestone in their journey to redefine reality through virtual experiences. With the support of experienced investors and access to valuable resources, Proxgy was well-positioned to continue innovating and delivering immersive VR content that captivates and inspires users around the globe.

Conclusion:

The success story of Proxgy underscores the transformative power of VR technology in shaping the future of entertainment, education, and exploration. As they continue to push the boundaries of virtual reality, Proxgy serves as a trailblazer in the immersive experiences industry, unlocking new possibilities for connection, learning, and adventure. With Ashneer Grover and Peyush Bansal as strategic partners, Proxgy is poised to lead the way in redefining reality for generations to come.

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