Seven funding, investors and company details

Seven is an emerging Financial Services - Fintech - Payments startup from Mumbai, working in the space of NFC-enabled device for safe tap-and-pay transactions. Founded by Vijay Khubchandani, Mahek Savla, Karthik Menon.

Company: Sevenring Innovations Private Limited
Sector: Financial Services - Fintech - Payments
Location: Mumbai
Founders: Vijay Khubchandani, Mahek Savla, Karthik Menon

Company overview

An NFC-enabled device for safe tap-and-pay transactions is being offered by wearable fintech startup Seven. The gadget functions without the need for a smartphone, PINs, or even charging. It is made of sturdy, IP68 zirconia ceramic, is certified by RuPay and MasterCard, and links to a prepaid wallet that uses UPI. POS and metro interchange fees are how Seven makes money. In order to broaden its payments ecosystem, the company is now investigating credit card tokenization and piloting NCMC support.

Funding rounds

Latest round (Pre Series A): Undisclosed Amount, 2026-02-11. Investors: Malsons Ventures
Past round: ₹4.00 Cr. ($ 0.47 Mn), 2025-06-19. Investors: Venture Catalysts