“See you in …”: The Shark Aman Gupta to the Founders of the beginning features smart ring to make payments on Shark Tank India S4

In an innovative tool on the payment technology, a Seven Ring Startup captured the investors’ fourths on the Fourth Tank Tank India. Startup, founded by Vijayv Khubchandani, Mehakk Men and Karthik Men, has developed users to make money without needing money, or even a smartphone.

The ring operates on LITE UPI, eliminating the need to link to a bank account. Instead, if connecting to a mobile doorface, allowing users to complete the transactions simply touched the shutdown fists. Noticeably, the ring does not need to charge and can also function as a metro train letter.

During the pitch, shark Mittal mittal said there is a competitive boat in the area. In response, Vijay remarked that there is enough space in the market for several players. When aman GUPTA has been asked about it, recognized that was familiar with the health rings, but it was heard of payment by rings for the first time.

He said to Vijay: “Vijay, take the rhythm; we have to meet in the market”. Before the arrival to the set and seeing Startup, Aman had commented: “Kids continue to come and go.”

Vijay Khubchandani, inspired by the rapid advance of technology, imagined a future where the smart rings could turn the payment methods. After seven years of dedicated development, seven ring is ready to disturb the payday’s landscape.

The company offers three variants of the smart ring, which are all made of India. The rings are equipped with patented technology and use an antenna operating on specific frequencies with the majecard’s majected, rupay and visa.

Prices and features

The smart rings have a price of ₹ 1,500, ₹ 4,500 and ₹ 27,000, with the premium model of golden. Users are also eligible for cashback on the transaction made with ring. Using NFC technology, the ring genera energy through electromagnetic fields to contact, securing a welding pay experience.

Funding and future plans

Since his start in 2017, Seven Ring successfully gathered finally on many occasions, for a total of ₹ 2.24 crore. Founders recently sought ₹ 75 lakh in exchange for equity 1%, with the purpose of selling 30 lakh rings in the next three years. During the pitch, sharks were intrigued by the product potential where three sharks offer ₹ 75 lakh by 3% Equity in 1.5% Equity and 1.5% Advisory Equity.