The Rise of Fintech and AI: A New Era of Innovation in India
June 27, 2025, 6:55 pm
In the bustling landscape of Indian startups, two companies are carving their paths with innovative solutions. Seven, a fintech startup, and ShopOS, an AI-driven e-commerce platform, are not just riding the wave of technology; they are creating it. Their recent funding rounds signal a growing confidence in India's tech ecosystem.
Seven, based in Mumbai, has made headlines with its contactless payment smart ring, the 7 Ring. In a pre-Series A funding round, the company raised Rs 4 crore, led by Venture Catalysts. This financial boost will help Seven ramp up production and expand its reach. The startup is on a mission to make payments as easy as a flick of the wrist.
Imagine a world where you can pay without fumbling for your phone or entering a PIN. That’s the promise of the 7 Ring. It’s designed for the modern commuter, offering a seamless tap-and-pay experience. With its IP68-certified zirconia ceramic construction, the ring is not just stylish; it’s built to last. It connects to a UPI-powered prepaid wallet, making transactions quick and secure.
Seven’s founders, Vijay Khubchandani, Mahek Savla, and Karthik Menon, are tapping into a growing market of UPI users. Their goal? To roll out 30 lakh rings by 2028. The early exposure on Shark Tank India has given them a solid platform to launch from. The company is also beta testing NCMC compatibility and exploring credit card tokenization.
Meanwhile, in Bengaluru, ShopOS is making waves in the e-commerce sector. The company recently secured USD 20 million from 3STATE Ventures, founded by Flipkart co-founder Binny Bansal. This funding will fuel their ambition to revolutionize digital commerce.
ShopOS is not just another e-commerce platform. It’s an AI-native operating system designed to help brands streamline their operations. Founded by Sai Krishna V K and Ajay P V, both veterans of the tech industry, ShopOS aims to automate content creation, marketing, and personalization. Think of it as an AI workforce for commerce, ready to tackle the complexities of online retail.
The founders previously co-founded Scapic, an AI and augmented reality platform acquired by Flipkart. Their experience at Flipkart Labs has equipped them with the insights needed to innovate in the e-commerce space. With ShopOS, they are addressing core bottlenecks that many brands face today.
The e-commerce landscape is evolving rapidly. Yet, many brands struggle with outdated operational models. ShopOS is here to change that. By embedding AI at the heart of brand operations, they are setting the stage for a new era of digital commerce.
Early adopters of ShopOS include brands from India, Europe, and the UAE. The company plans to onboard hundreds more in the coming year. With this funding, they aim to strengthen their AI talent base in India and lead the charge in generative commerce platforms.
Both Seven and ShopOS are examples of how Indian startups are leveraging technology to solve real-world problems. They are not just following trends; they are setting them. The future of fintech and e-commerce in India looks bright, driven by innovation and a commitment to excellence.
Investors are taking notice. The confidence shown by Venture Catalysts in Seven and Binny Bansal in ShopOS reflects a growing belief in the potential of Indian startups. These companies are not just about profits; they are about creating value.
As Seven expands its distribution through metro stations and online retailers like Amazon and Flipkart, it’s clear that the demand for contactless payment solutions is on the rise. The convenience of the 7 Ring could change the way people think about transactions.
On the other hand, ShopOS is poised to transform how brands operate in the digital space. By automating key functions, they are enabling brands to focus on what they do best: creating great products and connecting with customers.
The intersection of fintech and AI is a fertile ground for innovation. As these two sectors grow, they will continue to shape the future of commerce in India. The landscape is changing, and those who adapt will thrive.
In conclusion, Seven and ShopOS are more than just startups; they are pioneers in their fields. Their recent funding rounds are a testament to the vibrant startup ecosystem in India. As they push the boundaries of technology, they are not just building businesses; they are building the future. The journey has just begun, and the possibilities are endless.
Seven, based in Mumbai, has made headlines with its contactless payment smart ring, the 7 Ring. In a pre-Series A funding round, the company raised Rs 4 crore, led by Venture Catalysts. This financial boost will help Seven ramp up production and expand its reach. The startup is on a mission to make payments as easy as a flick of the wrist.
Imagine a world where you can pay without fumbling for your phone or entering a PIN. That’s the promise of the 7 Ring. It’s designed for the modern commuter, offering a seamless tap-and-pay experience. With its IP68-certified zirconia ceramic construction, the ring is not just stylish; it’s built to last. It connects to a UPI-powered prepaid wallet, making transactions quick and secure.
Seven’s founders, Vijay Khubchandani, Mahek Savla, and Karthik Menon, are tapping into a growing market of UPI users. Their goal? To roll out 30 lakh rings by 2028. The early exposure on Shark Tank India has given them a solid platform to launch from. The company is also beta testing NCMC compatibility and exploring credit card tokenization.
Meanwhile, in Bengaluru, ShopOS is making waves in the e-commerce sector. The company recently secured USD 20 million from 3STATE Ventures, founded by Flipkart co-founder Binny Bansal. This funding will fuel their ambition to revolutionize digital commerce.
ShopOS is not just another e-commerce platform. It’s an AI-native operating system designed to help brands streamline their operations. Founded by Sai Krishna V K and Ajay P V, both veterans of the tech industry, ShopOS aims to automate content creation, marketing, and personalization. Think of it as an AI workforce for commerce, ready to tackle the complexities of online retail.
The founders previously co-founded Scapic, an AI and augmented reality platform acquired by Flipkart. Their experience at Flipkart Labs has equipped them with the insights needed to innovate in the e-commerce space. With ShopOS, they are addressing core bottlenecks that many brands face today.
The e-commerce landscape is evolving rapidly. Yet, many brands struggle with outdated operational models. ShopOS is here to change that. By embedding AI at the heart of brand operations, they are setting the stage for a new era of digital commerce.
Early adopters of ShopOS include brands from India, Europe, and the UAE. The company plans to onboard hundreds more in the coming year. With this funding, they aim to strengthen their AI talent base in India and lead the charge in generative commerce platforms.
Both Seven and ShopOS are examples of how Indian startups are leveraging technology to solve real-world problems. They are not just following trends; they are setting them. The future of fintech and e-commerce in India looks bright, driven by innovation and a commitment to excellence.
Investors are taking notice. The confidence shown by Venture Catalysts in Seven and Binny Bansal in ShopOS reflects a growing belief in the potential of Indian startups. These companies are not just about profits; they are about creating value.
As Seven expands its distribution through metro stations and online retailers like Amazon and Flipkart, it’s clear that the demand for contactless payment solutions is on the rise. The convenience of the 7 Ring could change the way people think about transactions.
On the other hand, ShopOS is poised to transform how brands operate in the digital space. By automating key functions, they are enabling brands to focus on what they do best: creating great products and connecting with customers.
The intersection of fintech and AI is a fertile ground for innovation. As these two sectors grow, they will continue to shape the future of commerce in India. The landscape is changing, and those who adapt will thrive.
In conclusion, Seven and ShopOS are more than just startups; they are pioneers in their fields. Their recent funding rounds are a testament to the vibrant startup ecosystem in India. As they push the boundaries of technology, they are not just building businesses; they are building the future. The journey has just begun, and the possibilities are endless.