EZO ke POS machine pitch ke baad, 7 ne game ko seedha POS payment tak pahucha diya!
Founder: Mahek Savla, Vijay Khubchandani & Karthik Menon
Business Model: D2C
Product: Smart Payment Wearable Ring
Founded in: 2023
Headquarters: Mumbai, Maharashtra
Phone, card ya wallet nikaalne ki zarurat nahi—bas ring tap karo aur payment karo!
7 ek UPI-powered smart payment ring hai, jo compatible contactless POS machine par tap karke payment karta hai.
Ring mein payment chip hai aur ise charge ya mobile se pair karne ki zarurat nahi. Tap karte waqt EMF technology ring ko energy deti hai aur transaction complete ho jaata hai.
Company ke 3 variants hain—7 Ring, 7 Ring Air aur 7 Ring Gold. Train aur Metro payments iska next big use case hai, jiska testing complete ho chuka hai.
Business model ka interesting part hai recurring revenue. Ring sell hone ke baad customer ke payment transactions par company ko 1.08% transaction fee milti hai.
Technology side par 3 utility patents grant ho chuke hain. Product 100% Made in India hai aur designing, app development aur assembly in-house hoti hai.
Abhi tak 3,000 rings sell ho chuki hain, aur target agle 3 saalon mein 30 lakh rings ka hai.
Sales Highlights: 7 Shark Tank India
- Total Sales: ₹1.22 Cr (2 Years)
- Rings Sold: 3,000
- Active Users: 1,000 (Oct 2024)
₹1.22 Cr revenue rings sales se aaya, lekin future growth ka bigger opportunity recurring transaction revenue hai.
| Month (FY-2024) | Transaction Value | 1.08% Fee |
|---|---|---|
| June | ₹20 Lakh | ₹21,600 |
| July | ₹27 Lakh | ₹29,160 |
| August | ₹32 Lakh | ₹34,560 |
| September | ₹37 Lakh | ₹39,960 |
| Total | ₹1.16 Cr | ₹1,25,280 |
Note: ₹1.25 Lakh 1.08% transaction-fee revenue hai, sales nahi.
Q ka meaning: Q1 = pehle 3 mahine, Q2 = agle 3 mahine, Q3 = agle 3 mahine, Q4 = mahine 3 mahine. 1 Year = 4 Quarters.
Key takeaways: 7 Ring Shark Tank India
✅Key Disadvantages
- Unique UPI-powered payment ring
- Charging aur mobile pairing ki zarurat nahi
- 1.08% transaction fee = recurring revenue opportunity
- 3 utility patents + 100% Made in India
- Transit payments future growth opportunity
- ₹2.26 Cr funding + strong Shark backing
- 3 years mein 30 Lakh rings ka target
❌Key Disadvantages
- ₹75 Cr initial valuation high thi
- Abhi sirf 3,000 rings sold aur Active users sirf 1,000
- Raw materials imported hain
- Visa, Mastercard & RuPay certifications pending
- Transit payments abhi launch nahi hue
- Large-scale adoption abhi prove karna baaki hai
Deal Breakdown: 7 Ring Shark Tank India
- Ask: ₹75 Lakh for 1% Equity → ₹75 Cr Valuation
- Final Deal: ₹75 Lakh for 1.5% Equity + 1.5% Advisory Equity
- Final Valuation: ₹50 Cr
- Sharks: Peyush Bansal, Varun Dua & Vineeta Singh
- Total Amount Raised: ₹2.26 Cr | Valuation Discount: 33.3%
- Sales vs Ask Valuation: 61.5x
- Sales vs Final Valuation: 41x
Advisory Equity: Sharks ko business guidance/support ke badle milne wali equity. Isme cash investment nahi hota, isliye ₹50 Cr valuation mein 1.5% investment equity count hoti hai, 1.5% advisory equity nahi.
7 Ring After Shark Tank India S4
Sales & Growth: Revenue ₹10 Cr+ bracket tak pahunch gaya. Target 2028 tak 30 Lakh rings deliver karna hai.
Funding: Shark Tank ke baad ₹4 Cr Pre-Series A funding raise hui. Vinners, Anchorage Capital Partners & Malsons Ventures bhi investors mein shamil rahe. Total funding ~₹6.3 Cr+ tak pahunch chuki hai. Founders/promoters ke paas ~66.91% stake hai.
Product Updates: 7 Ring Air more affordable model par kaam, NCMC/Metro payments ki beta testing, aur credit/debit cards ko ring se connect karne ke liye tokenization par kaam. No battery/no charging aur IP68 zirconia ceramic design continue rahega.
Market Expansion: Amazon & Flipkart availability expand karne ki planning aur metro stations/tech hubs par physical kiosks ka plan hai. Shark Tank ke baad social media visibility bhi strong hui.
My Learnings: 7 Ring Shark Tank India Pitch
- Is pitch se mujhe Advisory Equity ka concept samajh aaya—business guidance ke badle equity dena. Saath hi, business language mein 1 year ko 4 Quarters (Q1–Q4) mein divide kiya jata hai.
- Lekin 7 Ring ki founder journey ne mujhe personally zyada connect kiya. 2017 se idea par kaam karna aur itne saalon baad usse Shark Tank tak lana dekhkar mujhe Pretty Little Shopp ki Khushi Mandlik ki pitch yaad aa gayi.
- Unhone apni pitch mein Vineeta Singh ki kahi ye line boli thi: “Jo start kiya hai, usse kabhi give up mat karo. Bas yaad rakho ki tumne ise shuru kyun kiya tha.”
- 7 Ring ki journey dekhkar ye line aur bhi meaningful lagi. Idea ko reality banane mein time lag sakta hai, lekin consistency aur belief journey ko aage le jaate hain.
7 Ring ki pitch se aapne kya seekha—Advisory Equity, Recurring Revenue ya founder ki never-give-up journey? Comment karke zaroor batayein!
Agar aapko real founders, real sales aur real deal numbers ke saath Shark Tank businesses ko samajhna pasand hai, to blog ko Share karein.
🚀Do friends, alag financial struggles, lekin dream ek! Ek founder ke father construction labour worker the, aur doosre ke father jobless. Financial problems ke bawajood, dono ne aisa business khada kiya jo first year mein hi profitable hua aur crores ki sales tak pahunch gaya!
Kaise? Unka business model kya tha aur Shark Tank par unki journey kahan tak pahunchi? Janne ke liye SharkPitchHub se jude rahiye!
Also Read:
Fupro: The Remarkable ₹15 Cr Prosthetic Deal | Shark Tank India
Kanvas: The Art-Filled Footwear Brand Explained | Shark Tank India
EZO Shark Tank India: Sales, Valuation, Business Model & Deal
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