When was 7 Ring founded?

7 Ring was founded in 2017 and raised its 1st funding round 1 year after it was founded.

Where is 7 Ring located?

7 Ring is headquartered in Mumbai, India. It is registered at Flat No. 1003, C-Wing, Marathon Cosmos LBS Marg, Mulund West, Mumbai City, MUMBAI, Maharashtra, India, 400080.

Which legal entities is 7 Ring associated with?

7 Ring is associated with SEVENRING INNOVATIONS PRIVATE LIMITED.

How many employees does 7 Ring have?

As of Jun 30, 2026, the latest employee count at 7 Ring is 8.

Is 7 Ring a funded company?

7 Ring is a funded company, having raised a total of $762K across 6 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Aug 12, 2018.

How much is 7 Ring worth?

The latest valuation of 7 Ring is $***** as of Mar 03, 2025.

When was the latest funding round of 7 Ring?

7 Ring's latest funding was a $***** Seed round on Feb 11, 2026, with participation from 0 investor. Its primary sector is Payments. In India, the Payments sector has seen $1.04B in funding in 2026 to date.

What is the annual revenue of 7 Ring?

Annual revenue of 7 Ring is less than ₹10 Cr as on Mar 31, 2025

Where does 7 Ring rank among its competitors?

7 Ring ranks 1st amongst 2 active competitors, only 1 of which is funded., of which only 7 Ring is funded and secured an undisclosed amount in Feb, 2026.

7 Ring - 2026 Company Profile, Team, Funding, Competitors & Financials

7 Ring is a seed company based in Mumbai (India), founded in 2017 by Karthik Menon and Mahek P Savla. It operates as a NFC-enabled wearable ring for contactless payments. 7 Ring has raised $762K in funding from Venture Catalysts, with a current valuation of $*****.

Company Details

NFC-enabled wearable ring for contactless payments. contactless payment ring enabling payment at POS by placing the ring on the point of sale device. Draws power from the POS machine, so has no battery and does not require charging like other wearables.

Website: seven.ooo/7ring
Social
Email ID: *****@sevenring.com
Registered Address: Flat No. 1003, C-Wing, Marathon Cosmos LBS Marg, Mulund West, Mumbai City, MUMBAI, Maharashtra, India, 400080

Key Metrics

Founded Year

2017

Location

Mumbai, India

Stage

Seed

Total Funding

$762K in 6 rounds

Latest Funding Round

Seed, Feb 11, 2026, $*****

Post Money Valuation

$***** as on Mar 03, 2025

Investors

Harvinderjit Singh Bhatia & 43 more

Ranked

1^st among 2 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

8 as on Jun 30, 2026

Similar Companies

Fidesmo & 28 more

View 7 Ring's full profile

7 Ring is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SEVENRING INNOVATIONS PRIVATE LIMITED CIN: U74999MH2018PTC308445 , India, Active	Apr 23, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	8 (As on Feb 01, 2026)

7 Ring has raised a total funding of $762K over 6 rounds. Its first funding round was on Aug 12, 2018. 7 Ring has 5 institutional investors and 39 angel investors.

Here is the list of recent funding rounds of 7 Ring:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2026	5050963	Seed	2221677	2100716	3807264	5913874
Mar 03, 2025	7391004	Seed	7815216	1378489	4956517	Vinners & 5 more
Jan 24, 2025	7340648	Angel	1596648	2659811	Peyush Bansal & 2 more	7915123

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View details of 7 Ring's funding rounds and investors

The founders of 7 Ring are Karthik Menon and Mahek P Savla.

Here are the details of 7 Ring's key team members:

Karthik Menon: Co-Founder of 7 Ring.
Contact Info: 1 email address and 1 phone number
Mahek P Savla: Co-Founder of 7 Ring.

7 Ring's Board of Directors

7 Ring's board has 2 active members. Vijay Khubchandani is part of team and Tanesha Vijay Khubchandani is independent board member.

Here is the list of 7 Ring's board of directors:

Name	Type	Representing	Status	Duration
Vijay Khubchandani	Team	-	Current	8y 3m
Tanesha Vijay Khubchandani	Independent board member	-	Current	8y 3m

View details of 7 Ring's Founder profiles and Board Members

7 Ring's employee count trend

7 Ring has 8 employees as of Jun 26. Here is 7 Ring's employee count trend over the years:

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Top competitors of 7 Ring include Vidurpay. Here is the list of Top 10 competitors of 7 Ring, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	7 Ring 2017, Mumbai (India), Seed	NFC-enabled wearable ring for contactless payments	$762K	Venture Catalysts, Vishnuvibe Advisors & 42 others	54/100
2nd	Vidurpay 2010, Mumbai (India), Funding Raised	Provider of contactless payment solutions using low-cost wearable technology	-	AIC Banasthali	22/100

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Founders (largest shareholder) own 66.91%, Funds own 2.73%, Enterprises own 0.93% and Angels own 15.30%. The net worth of 7 Ring's founders is INR 36.1Cr as of Mar 03, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	66.91%	36.1Cr	5943282	7525121	8207978	7624289
Karthik Menon	1328483	5141604	2610495	4762790	4271531	6413602
Mahek P Savla	1173046	4703187	8959670	9575630	9585797	4739651
Fund	2.73%	1.48Cr	24	93	73	24
Venture Catalysts	8	3	7	6	7	5
Vinners	6	7	6	3	4	8
Enterprise	0.93%	50.5L	0	0	0	0
Angel	15.30%	8.27Cr	5887283	3094878	5037587	8727942
Nagarajan Shivramakrishnan	0	0	0	0	0	0
Sandeep Batra	0	0	0	0	0	0
Other People	5.04%	2.72Cr	66645	99321	29283	38086
ESOP Pool	9.06%	4.89Cr	2037719	5903091	4943079	8677400
Total	99.97%	54Cr	3473907	6877628	7035719	3203886