Seven builds hardware-enabled fintech products, beginning with the RuPay- and MasterCard-certified 7 Ring, a zirconia-ceramic, IP68 contactless payment ring that works via NFC tap-and-pay without requiring a battery, PIN, or smartphone app. Targeting metro commuters, urban millennials, and small retailers, the device links to a UPI-powered prepaid wallet and is National Common Mobility Card compatible in beta. The business earns interchange fees of 1.08 % on POS transactions and 0.40 % on metro rides, and plans to add credit-card tokenization to widen use cases. With India processing 185.8 billion UPI transactions in FY25, Seven aims to deploy 3 million (30 lakh) rings by 2028 and capture a slice of the 60 million UPI users and 15 million metro riders. Fresh capital will fund production scale-up, wider metro integration, and the Q2 FY26 launch of 7 Ring Air, an affordable variant. The company is also building retail distribution through Amazon, Flipkart, and other e-commerce channels. Co-founders Vijay Khubchandani, Mahek Savla, and Karthik Menon bring embedded-systems and fintech experience to drive a hardware-first go-to-market approach.

Total raised

$0M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2025