Fintech co. Seven raises Rs.4-Cr led by Venture Catalysts

Mumbai-based fintech startup Seven has raised INR 4 crore in a pre-Series A round led by early-stage investor Venture Catalysts. Existing investors Vinners and Anchorage Capital also participated in the funding round.Seven was founded in 2017 by Vijay Khubchandani, Mehak Savla, and Karthik Menon. The raised funds will be used to scale up production of the firm’s flagship contactless payment device, the 7 Ring, and expand market reach.