About 7 Ring
7 Ring is a Financial Services company based in Mumbai (India) founded in 2017 by Karthik Menon, Mahek P Savla, and Vijay Khubchandani. NFC-enabled wearable ring is utilized for contactless payments. It operates on a Direct-to-Consumer (D2C) and FinTech model. 7 Ring has raised $800.13 thousand across 6 funding rounds from investors including Venture Catalysts, Nagarajan Shivramakrishnan and Sandeep Batra. 7 Ring was last valued at $3.09 million in November 2023. Its chief executive, as recorded, is Vijay Khubchandani. Its website seven.ooo draws about 30 thousand monthly visits. Its Indian entity Sevenring Innovations Private Limited reported revenue of ₹60.8 Lakh. 7 Ring offers products and services including 7 Ring. Its focus areas include Technology, FinTech and Payment Solutions.
Company details
Indias first contactless payment ring is provided by 7 Ring, focusing on innovative payment solutions within the FinTech sector. Wearable technology for secure and convenient transactions is developed, utilizing NFC technology for POS and metro payments powered by UPI. The product is designed and manufactured in India, targeting direct-to-consumer markets with a focus on user-friendly payment experiences.
- Headquarters Mumbai, India
- Founders Karthik Menon, Mahek P Savla, Vijay Khubchandani
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website seven.ooo/7ring
- Social LinkedIn X Instagram
- Legal Name Sevenring Innovations Pvt Ltd
- Date of Incorporation 23 Apr, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹60.8 Lakh
FY 2024 · +12554% YoY
- Net Loss-₹34.6 Lakh
FY 2024 · -57% margin
- EBITDA-₹32.7 Lakh
FY 2024 · -54% margin
- Total Equity Funding$800.13K (USD)
in 6 rounds
- InvestorsVenture Catalysts
& 43 more
Associated legal entities of 7 Ring
7 Ring operates through Sevenring Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sevenring Innovations Private Limited CIN U74999MH2018PTC308445 | Active | 23 Apr 2018 | Mumbai, Maharashtra | ₹0.6 Cr | 2 | View details |
Products & Services of 7 Ring
7 Ring offers a comprehensive portfolio of products and services, including 7 Ring.
A contactless payment ring using NFC technology.
Funding Insights of 7 Ring
7 Ring has successfully raised a total of $800.13K across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $800,132
- Total Rounds 6
- First Round $77,228
(Aug 2018)
- Investors Count 44
All 6 funding rounds of 7 Ring with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2026 | Seed | – | – | ||
| Jun 2025 | $463,652 | Seed | – | Venture Catalysts | |
| Jan 2025 | $86,739 | Angel Round | – | Peyush Bansal, Varun Dua | – |
| Nov 2023 | $86,414 | Angel Round | $3.09M | Nagarajan Shivramakrishnan, Sandeep Batra | |
| Jul 2020 | $86,099 | Angel Round | $3.15M | Harvinderjit Singh Bhatia, Harvinderjit Singh Bhatia | |
| Aug 2018 | $77,228 | Angel Round | $••••• | Harvinderjit Singh Bhatia, Nagarajan Shivramakrishnan |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2023 | $3.09M | •••••••• |
| Jul 2020 | $3.15M | •••••••• |
| Aug 2018 | $••••• | •••••••• |
Full valuation and stage history of 7 Ring
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.09M (Nov 2023). 44 investors in total: 5 institutional and 39 angel.
Investors in 7 Ring
7 Ring has secured backing from 44 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Venture Catalysts, Nagarajan Shivramakrishnan and Sandeep Batra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
No specific information about Vinners is provided. | vinners.net | |||
Startup investments are facilitated by Anchorage Capital Partners. | anchoragecap.in | Mumbai, India | ||
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
| vishnuvibeadvisors.tcc.mode | ||||
Housing services are provided in Kolkata, India. | risewellhousing.tcc.mode | Kolkata, India | ||
NS Nagarajan Shivramakrishnan | unknown_d56ca46c532b494d9 | |||
SB Sandeep Batra | unknown_80b128382bd143d18 | |||
AS Amit Sheth | unknown_d8ccc2d6cd2f4acf9 | |||
PS Pawan Sharma | unknown_2dc10f8668424978a | |||
SB Sameer Baisiwala | unknown_c4e6596a6d1a4fe6b |
Investor details for 7 Ring
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Sevenring Innovations Private Limited (7 Ring)
Sevenring Innovations Private Limited is the primary company behind 7 Ring. The board of Sevenring Innovations Private Limited currently have 2 directors; the longest-serving is Vijay Vasudeo Khubchandani, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Vasudeo Khubchandani DIN 02601836 | Director | 23 Apr 2018 | 8 yrs 6 mo | Sevenring Innovations Private Limited |
| Tanesha Vijay Khubchandani DIN 08117750 | Director | 23 Apr 2018 | 8 yrs 6 mo | Sevenring Innovations Private Limited |
People of 7 Ring
3 people are tracked at 7 Ring (3 in leadership).
| Name | Role | Group |
|---|---|---|
Karthik Menon | Co-Founder | Leadership |
Mahek P Savla | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for 7 Ring
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of 7 Ring
Figures of Sevenring Innovations Private Limited, the primary company behind 7 Ring, for FY 2024. Revenue was ₹60.8 Lakh (+12554% year on year). Net loss was -₹34.6 Lakh (-57% margin). EBITDA was -₹32.7 Lakh (-54% margin). Revenue has grown at a compounded annual rate of +170% over three years and +114% over five years.
- ₹60.8 LakhRevenue · FY 2024 · +12554% YoY
- -₹34.6 LakhNet loss · -57% margin
- -₹32.7 LakhEBITDA · -54% margin
- ₹12,640Paid-up capital
- +170%Revenue CAGR, 3 years
- +114%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sevenring Innovations Private Limited are on its company page.
Detailed financial statements for 7 Ring
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of 7 Ring
4 dated milestones of 7 Ring across 9 years, from founding to its latest funding, stage changes and deals.
- Founded 7 Ring is founded.
- Funding First funding round of $77K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Web traffic of 7 Ring
The website of 7 Ring (seven.ooo) receives about 30.5K visits a month and ranks #873,494 among all websites worldwide, #8,114 in Investing.
- Monthly visits30.5K
▼ 10.8% vs previous month
- Unique visitors17.1K
per month
- Global rank#873,494
among all websites
- Category rank#8,114
Finance · Investing
- Bounce rate55%
- Pages per visit2.1
- Average visit24 sec
- DevicesDesktop 9% · Mobile 91%
Websites whose visitors overlap most with 7 Ring. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hartring.com | 100% | #520,908 | View details | ||
| paywithring.com | 99% | 207.6K | #137,029 | View details | |
| technofino.in | 87% | 1.5M | #45,883 | View details | |
| cnick.io | 45% | #1,928,766 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as 7 Ring (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about 7 Ring
Complete news archive for 7 Ring
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Frequently Asked Questions about 7 Ring
7 Ring was founded in 2017 and raised its 1st funding round 1 year after it was founded.
7 Ring is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vijay Khubchandani is the CEO of 7 Ring, as recorded in our data. They have also founded this company.
7 Ring is a funded company, having raised a total of $800.13K across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $77.23K, raised on Aug 2018.
The primary company behind 7 Ring, Sevenring Innovations Private Limited, reported revenue of ₹60.8 Lakh for FY 2024, up 12554% year on year.
Indias first contactless payment ring is provided by 7 Ring, focusing on innovative payment solutions within the FinTech sector. Wearable technology for secure and convenient transactions is developed, utilizing NFC technology for POS and metro payments powered by UPI. The product is designed and manufactured in India, targeting direct-to-consumer markets with a focus on user-friendly payment experiences.
7 Ring offers 7 Ring.
7 Ring has 44 investors. Key investors include Venture Catalysts, Nagarajan Shivramakrishnan, Sandeep Batra, Amit Sheth, and Pawan Sharma.
The valuation of 7 Ring is $3.09M as of Nov 2023.
7 Ring operates through Sevenring Innovations Private Limited.
The legal entities of 7 Ring currently have 2 directors, including Vijay Vasudeo Khubchandani, Tanesha Vijay Khubchandani.