About 7 Ring
7 Ring is a company based in Mumbai (India) founded in 2017 by Karthik Menon, Mahek P Savla, and Vijay Khubchandani. It operates as a Direct-to-Consumer (D2C) and FinTech. 7 Ring has raised $800.13 thousand across 6 funding rounds from investors including Venture Catalysts, Nagarajan Shivramakrishnan and Sandeep Batra. 7 Ring offers products and services including 7 Ring.
- Headquarter Mumbai, India
- Founders Karthik Menon, Mahek P Savla, Vijay Khubchandani
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Sevenring Innovations Pvt Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$221 (USD)-94.11as on Mar 31, 2022
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Net Profit
-$262.88 (USD)-129.1as on Mar 31, 2022
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EBITDA
-$376.13 (USD)86.5as on Mar 31, 2022
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Total Equity Funding
$800.13 K (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
Venture Catalysts
& 43 more
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Employee Count
Not available
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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.
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.
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No specific information about Vinners is provided.
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Startup investments are facilitated by Anchorage Capital Partners.
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Investor details for 7 Ring
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by 7 Ring
Investment portfolio details for 7 Ring
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Financial Statements - 7 Ring
Detailed financials for 7 Ring
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7 Ring Comparisons
Peer comparison for 7 Ring
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Competitors of 7 Ring
Detailed competitors of 7 Ring
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Latest news on 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 current CEO of 7 Ring. 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.
Annual revenue of 7 Ring is $221 as on Mar 31, 2022.
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.