Indian Startup Proxgy Emerges Champion At African Continent’s Largest Tech & Start-Up Event, Gitex Africa 2023

Recognised for its Cutting-Edge Solutions during the event held in Morocco

Receives cash award of USD 50,000.

Proxgy, the innovative and leading technology startup from India, has won the coveted SuperNova Championship at Gitex Africa 2023, the largest tech and startup event in the African Continent. Gitex Africa 2023 witnessed the participation of over 700 startups from across the world.

Proxgy, the Everywhere-as-a-Service aggregation platform outperformed global competition to secure the top position and received a cash award of USD 50,000. Proxgy's remarkable achievement and innovative solutions caught the attention of the esteemed judging panel, which included renowned industry experts and influencers.

Pulkit Ahuja, Founder & CEO, Proxgy said "We are extremely excited and grateful to have won the SuperNova Championship. We are the first Indian company to ever win this competition and this is a testament to our entire team's hard work, dedication, and innovative mindset. Such recognitions motivate us to keep pushing boundaries and revolutionizing the tech industry for the blue-collar workers”.

The finals of the SuperNova Challenge took place on the 10X stage in Marrakech, with a judging panel comprising accomplished industry experts from across the globe, including Dorothy S. McAuliffe, Special Representative of the Office of Global Partnerships, US Department of State, USA; Yuan-Ting Meng, Investor & Africa Tech Columnist, DigiTimes, Taiwan; Alicia Levine, Chief Operating Officer, Chipper Cash, UK; Jonathan Coury, US Attorney & Investor, Ghani Consulting, USA; Petra Wolkenstein, General Partner Africa Fund, Startup Wise Guys, Austria; and Sheel Mohnot, Co-Founder and GP, Better Tomorrow Ventures, USA.

Proxgy’s innovative products include ‘Lockator’- Smart locks for industrial containers, trucks, and equipment, ‘Sleefe’ - Slide to convert any Cap into a Smart Cap, and ‘SmartHat’ - Smartest Safety Helmet - all designed to enhance worker safety, communication and collaboration. These solutions come equipped with features such as real-time tracking, environment processing, 360-degree live video communication, gas leakage detector, and more.

Proxgy was one of highest funded companies in Shark Tank India (2022) bagging an investment of Rs 1 crore from former BharatPe MD Ashneer Grover and Lenskart founder Peyush Bansal in a pre-seed round. The company currently has six proprietary products and has received over 25 patents in India for its various solutions solving everyday problems for blue-collar workers.

Proxgy is currently in the process of closing its seed round at a $16 million valuation.

Gitex Africa 2023 brought together 900 exhibiting tech companies and startups, 30+ government delegations, 250+ global investors, 250 international speakers, and tens of thousands of tech executives from over 100 countries. The event was a significant platform for showcasing Africa's achievements and opportunities, as well as strategically integrating the continent into the global tech ecosystem.

About Gitex:

Gitex Africa 2023 is the largest tech and startup show on the African continent and the second largest in the Middle East, Africa, and South Asia, following Gitex Global in Dubai. The event attracts entrepreneurs, investors, and industry experts from around the world to explore opportunities and forge valuable connections. With its focus on digital transformation, Gitex Africa 2023 holds immense importance for Africa's tech and startup community.

About Proxgy:

Proxgy (Everywhere as a Service Private Limited), offers a range of innovative IoT solutions that cater to the needs of blue-collar workers operating in various industries. Proxgy’s ecosystem includes oil & gas, mining, manufacturing, factories, worker safety, insurance, worker compensation management, body cams, insurance claims, inspections, policing, remote assistance, warehousing, logistics, and transportation. Headquartered in Gurugram, India & established in 2020, Proxgy envisions enabling users to experience life and interact with the world in ways previously unimagined. For further details please visit www.proxgy.com

10 Major Hitches of Indian Startup Ecosystem in 2016

The road to success always comes with a few roadblocks. The year 2016 saw many such roadblocks in the way of the India's ever-growing startup industry. Though many industry experts are hopeful that the startup industry will bounce back with full force next year, this year for sure wouldn't be an important one to remember as far as the Indian startup industry is concerned. Here's a list of 10 snags that derailed the industry's success this year:

1) Shutdowns

The year saw many promising startups like Tiny Owl, Peppertap, and AskMe etc. shutting down their shops for several reasons. It is interesting to note that almost two years ago, the Indian industry was booming like anything with experts predicting a bright future. In fact, in order to burst India's startup bubble, Data analytics company Tracxn Technologies even put together a list of nearly 800 dead and dying startups in the Indian startup ecosystem.

2) Controversies

The one thing that kept the Indian startup sector always in news this year were the numerous controversies that marred the sector. One of them was the Ringing Bells controversy that involved the company initially making a promise of providing India with the cheapest smartphone till date at Rs 251, but later backing out on its words. Another biggie which made headlines for wrong reasons this year was Fashion portal Jabong. During a forensic audit commissioned by German ecommerce investor Rocket Internet, it was revealed that some of the former top executives of the company had been involved in corporate governance violations.

3) Unfortunate Divorce at Mu Sigma

The unfortunate divorce between Mu Sigma's founder-chairman, Dhiraj Rajaram, and his wife Ambiga, the company's CEO, ended up raising deep concerns about the future of the data analytics company which is one of India's 'unicorn' startups.

4) Campus Chaos

The year saw almost 30 startups, including biggies like Flipkart and Snapdeal, being banned from placements at the IITs and IIMs after they had unceremoniously revoked job offers to some of the students. This particular epsilon put an end to sheen that startups can chart exceptional success stories.

5) Valuation Markdowns

The year 2016 saw valuations of some of the biggest startups in India being marked down by a sustainable margin. While four consecutive markdowns by a Morgan Stanley managed mutual fund brought down Flipkart's value to $5.54 billion from $15.2 billion when it last raised money in July last year, Japan-based SoftBank ended up writing down a whopping $555 million in Ola and Snapdeal. Zomato's valuation was also halved to $500 million by HSBC. It is important to note that markdowns points towards the presence of fundamental problems with the business. This makes it a difficult task to raise more capital. The prior higher valuations of the Indian startups meant that the sector wasn't that stable as it was being seen.

6) Sebi Crowdfunding Warning

Securities and Exchange Board of India (Sebi), India's capital market regulator issued an investor-interest warning notice this year, which questioned the legality of equity crowdfunding platforms that serve the startup companies. The notice almost declared several digital equity crowdfunding platforms such as Tracxn, Grex, LetsVenture, and Equity Crest etc. as unauthorised and unregulated. It is important to note that such platforms have emerged as a vital alternative source of funding for startups, and helped almost 200 startups raise a whopping Rs 400 over the period of last two years.

7) The infamous PayTM Modi Advertisement

The morning of 9th November, 2016, a night after the honourable Indian Prime Minister Narendra Modi delivered the demonetisation news to the entire nation, e-wallet company PayTM came out with page-long advertisements carrying the PM's name and photo with the message that the company pledged its support for the government's demonetisation announcement. This ended up irking Delhi Chief Minister Arvind Kejriwal as he questioned if the company had got any benefits from the PM Modi.

8) Uber versus Ola

A healthy competition pushes every competitor to perform to their best, but the competition recently turned sour for ride-hailing services Uber and Ola, when the prior issued legal notices to Ola for a whopping $7.5 million in compensation for lost of revenue and goodwill, accusing that its Indian-based competitor has been involved in making about 94,000 fake user accounts with Uber and then using these accounts to make more than 405,000 false bookings. Ola defended the claim by saying that the case is a completely false and fabricated and is a part of Uber's revenge strategy after Ola had accused Uber of violating a court order regarding adoption of clean-fuel cars in the Indian capital, Delhi.

9) Layoffs

In an effort to cut costs, build better balance sheets and acquire more competitive edge, several Indian startup biggies laid off hundreds of its employees. This includes big names like Zomato, Ola and Snapdeal.

10) Nikesh Arora's sudden Exit

The sudden exit of Nikesh Arora, president of Japan's Softbank, an investor who has invested billions in several Indian startups and was mulling on investing more, wasn't a good sign for the Indian startup industry. After Arora's exit, Softbank marked down its investment in Ola and Snapdeal by $555 million.

Classle, a Chennai based start-up using cloud for education

Classle is a Chennai based startup which has invented a cloud based education system specifically keeping rural India in mind. Classle understands the importance of peer to peer learning and thus it lets lakhs of people to come together and connect with each other in the several communities that are available on the open social network made available by Classle.

Users can collaborate and exchange and share information, resources in the areas of interest that they have chosen simply by connecting with these communities on Classle.  In addition, there are many other features to collaborate available on the network in order to make learning more fun oriented.

By making use of cloud based system, users can have access to learning materials absolutely free of cost just by using their mobile devices. Till now around 55 academic institutes have been attracted to this platform and have partnered with it. Most of these academic institutes are engineering colleges that too based in rural areas. Excel College of Engineering, Thiruchengodu, Madanapalle Institute of Technology and GLA University, Mathura are some of the esteemed names to have partnered with Classle.

Classle has a Carry along Cloud Campus which basically consists of a virtual campus being set up on the cloud where each one is private to each institute. Through this virtual campus, students can have access to study material and information to expand their knowledge and interact and sort out doubts with their fellow student members in the community while the teachers can make them available with study material and assignments. These cloud campuses also have a feature of monitoring the interactions between the students, this helps companies to analyze and identify talented people for employment. The online cloud campus system also allows easy detection of weak students based on their interactions and submissions, and thus, the teachers can provide these students with extra time and attention after the classroom hours.

Founded in 2009 by Vaidya Nathan, Classle was rated as a Top 15 start-up worldwide by Amazon. Further, Classle was a finalist in Sankalp Forum 2012.  Classle is also the winner of esteemed Silver Edge Award from Information Week.

 

Classle, a Chennai based start-up using cloud for education

Classle is a Chennai based startup which has invented a cloud based education system specifically keeping rural India in mind. Classle understands the importance of peer to peer learning and thus it lets lakhs of people to come together and connect with each other in the several communities that are available on the open social network made available by Classle.

Users can collaborate and exchange and share information, resources in the areas of interest that they have chosen simply by connecting with these communities on Classle.  In addition, there are many other features to collaborate available on the network in order to make learning more fun oriented.

By making use of cloud based system, users can have access to learning materials absolutely free of cost just by using their mobile devices. Till now around 55 academic institutes have been attracted to this platform and have partnered with it. Most of these academic institutes are engineering colleges that too based in rural areas. Excel College of Engineering, Thiruchengodu, Madanapalle Institute of Technology and GLA University, Mathura are some of the esteemed names to have partnered with Classle.

Classle has a Carry along Cloud Campus which basically consists of a virtual campus being set up on the cloud where each one is private to each institute. Through this virtual campus, students can have access to study material and information to expand their knowledge and interact and sort out doubts with their fellow student members in the community while the teachers can make them available with study material and assignments. These cloud campuses also have a feature of monitoring the interactions between the students, this helps companies to analyze and identify talented people for employment. The online cloud campus system also allows easy detection of weak students based on their interactions and submissions, and thus, the teachers can provide these students with extra time and attention after the classroom hours.

Founded in 2009 by Vaidya Nathan, Classle was rated as a Top 15 start-up worldwide by Amazon. Further, Classle was a finalist in Sankalp Forum 2012.  Classle is also the winner of esteemed Silver Edge Award from Information Week.

 

Vyapar Hub- A start-up e-Incubator and much more!

 



Vyapar Hub is not only an internet based venture with presence and associations all over the world but it is also one of India’s swiftly growing start-up. It is an assorted, paperless and fully virtual company established on IT based model. It has an aim of privileging every single individual and company to become growth escalator in the nation’s economy and development.

Vyapar Hub works in four main departments, i.e. Marketing Process Outsource, Start-up e-incubation and Mainstream Business Consulting, Health and Wellness and Education and Allied Sectors.

SAMADHAN, ADHYAYAN, MANAN, MARGDARSHI are the four brands under its kitty. While SAMADHAN works under the domain of funding, management consulting and start-up e-Incubation, ADHYAYAN works for world class corporate and individual solutions specifically in education and allied sectors. On the other hand, MANAN works under the domain of health and wellness and MARGDARSHI for comprehensive marketing process outsourcing.

With its associations with the world’s leading companies like International Accreditation Organization (US), Indian Business Brokers Association,  Singapore Telecom-Shopify, Zillya! Laboratories, Accreditation Service for International Colleges (UK), Franchise Biz Experts and many more, Vyapar Hub promises to deliver great opportunities and solutions ever received in India.

Founded in 2011 by Rishi Mathur, Aanshul Aavasthy and Dr.Mukul S Rajput, Vyapar Hub is a Lucknow based venture. It was also successfully featured in Global Benchmark 2014 by UBI Sweden.  It even victoriously introduced Vyapar Hub Online Entrepreneurship Spirit Awards 2014 to applaud and praise the spirit of entrepreneurship prevalent in India across different verticals and categories.

It is noteworthy that since its launch, Vyapar Hub has gone through 4 rounds of innovation in their services, offerings and business models. They believe that change is always good and hence by keeping that in mind they have even launched a new corporate logo of Vyapar Hub. The company has a small staff with 20-25 employees working hard round the clock.

Though it was founded in 2011, it became fully operational in 2012. Within this short but significant span of 2 years they have created great ripples in consulting arena and business service.  They have partnered with numerous big companies all around the world aiming mutual profitable business relationship with them.

Vyapar Hub- A start-up e-Incubator and much more!

 



Vyapar Hub is not only an internet based venture with presence and associations all over the world but it is also one of India’s swiftly growing start-up. It is an assorted, paperless and fully virtual company established on IT based model. It has an aim of privileging every single individual and company to become growth escalator in the nation’s economy and development.

Vyapar Hub works in four main departments, i.e. Marketing Process Outsource, Start-up e-incubation and Mainstream Business Consulting, Health and Wellness and Education and Allied Sectors.

SAMADHAN, ADHYAYAN, MANAN, MARGDARSHI are the four brands under its kitty. While SAMADHAN works under the domain of funding, management consulting and start-up e-Incubation, ADHYAYAN works for world class corporate and individual solutions specifically in education and allied sectors. On the other hand, MANAN works under the domain of health and wellness and MARGDARSHI for comprehensive marketing process outsourcing.

With its associations with the world’s leading companies like International Accreditation Organization (US), Indian Business Brokers Association,  Singapore Telecom-Shopify, Zillya! Laboratories, Accreditation Service for International Colleges (UK), Franchise Biz Experts and many more, Vyapar Hub promises to deliver great opportunities and solutions ever received in India.

Founded in 2011 by Rishi Mathur, Aanshul Aavasthy and Dr.Mukul S Rajput, Vyapar Hub is a Lucknow based venture. It was also successfully featured in Global Benchmark 2014 by UBI Sweden.  It even victoriously introduced Vyapar Hub Online Entrepreneurship Spirit Awards 2014 to applaud and praise the spirit of entrepreneurship prevalent in India across different verticals and categories.

It is noteworthy that since its launch, Vyapar Hub has gone through 4 rounds of innovation in their services, offerings and business models. They believe that change is always good and hence by keeping that in mind they have even launched a new corporate logo of Vyapar Hub. The company has a small staff with 20-25 employees working hard round the clock.

Though it was founded in 2011, it became fully operational in 2012. Within this short but significant span of 2 years they have created great ripples in consulting arena and business service.  They have partnered with numerous big companies all around the world aiming mutual profitable business relationship with them.