New Delhi, June 19 -- Venture Catalysts, India's leading early-stage investor and integrated incubator, has led a Rs.4 crore Pre-Series A funding round in Seven, the Mumbai-based fintech startup behind the 7 Ring-India's first indigenous contactless smart payment ring. The round also saw participation from Vinners, a SEBI-registered Category 1 AIF, and Anchorage Capital Partners, backed by the Sheth family office, promoters of The Great Eastern Shipping Company.

This funding marks a significant milestone for India's fast-growing wearable fintech market. The proceeds will fuel the production scale-up of Seven's RuPay and MasterCard-certified ring, expand metro payment integration, and support the upcoming launch of 7 Ring Air, an affordab...