Proxgy, which offers IoT-based options, good wearables and security merchandise, mentioned it has added new product classes to broaden its product choices and to extend income base.
“We have added two new product categories in mass-production segment, including the Lockator (Smart Lock), AudioCube (Sound Box),” mentioned Pulkit Ahuja, Founder and CEO.
“Also, we have introduced two new concepts namely Airhat and Birdbox which would be taken into mass production in the coming year,” he mentioned.
The firm mentioned it has accelerated income development and has now hit a Monthly Run Rate (MRR) of ₹40 lakh.
“We had net revenue of ₹40,000 per month in the B2C model when we approached Shark Tank show. Currently we are at a MRR of over ₹40 lakh,” he mentioned
Mr. Ahuja mentioned the corporate, which had raised ₹1 crore on the Shark Tank present, has now raised over ₹10 crore since then to fund development and improvements.
Proxgy, he mentioned, has over 25 patents, designs and emblems which have been granted because the look on the present.
These embrace Battery Blast Protection System (BBPS), Gunny Bag Identification Code (GBIC), amongst, he mentioned.
