Seven’s Revolutionary Payment Ring Raises ₹4 Crore to Transform How India Pays Imagine making quick, secure payments with a stylish ring—no phone, no PIN, no charging needed. This
Imagine making quick, secure payments with a stylish ring—no phone, no PIN, no charging needed. This futuristic idea is now a reality, thanks to Seven, a Mumbai-based fintech startup that has just raised ₹4 crore in a pre-Series A funding round led by Venture Catalysts, India’s top early-stage investment firm.
The startup behind India’s first indigenous contactless payment ring, known as the 7 Ring, is poised to revolutionize digital payments with wearable tech that’s as simple as slipping on jewelry.
Alongside Venture Catalysts, Seven’s funding round saw strong participation from:
This powerful mix of investors signals serious confidence in Seven’s vision and technology.
The 7 Ring isn’t just a payment device—it’s a game-changer in the crowded digital wallet space. Here’s why:
By removing the need for phones or biometric apps, Seven’s 7 Ring is breaking barriers for millions who find digital payments complicated or inaccessible.
With the fresh capital, Seven plans to:
This strategy aims to capture a wider market, making wearable payments mainstream and affordable.
Founded by Vijay Khubchandani, Seven envisions a future where wearable tech becomes a seamless part of daily life.
Dr. Apoorva Ranjan Sharma, co-founder of Venture Catalysts, summarized the impact perfectly:
“Seven’s vision to merge fashion with fintech aligns perfectly with India’s journey toward becoming a global leader in digital transactions. By eliminating charging needs and smartphone dependency, the 7 Ring democratizes access to secure payments.”
This innovation could redefine how millions transact, especially in India’s fast-growing digital economy.
India is rapidly moving towards a cashless economy, but digital payments still face hurdles like smartphone dependency, battery anxiety, and complex interfaces.
Seven’s contactless payment ring addresses these issues head-on:
As wearable tech gains popularity globally, Seven’s indigenous solution could be India’s breakthrough device, putting the country on the global fintech map.
With ₹4 crore in fresh funding and a vision that blends style, tech, and accessibility, Seven is poised to disrupt digital payments in India.
If the upcoming 7 Ring Air lives up to expectations, wearable payment devices could soon become as common as smartphones—maybe even replacing them in day-to-day transactions.
Keep an eye on this startup; the way you pay might soon fit right on your finger.
