India's latest Blockchain-Einhorn 5ire worth $ 1.5 billion
India's latest Blockchain-Einhorn 5ire worth $ 1.5 billion
- Series A of the startup follows a seed financing round in October, in which it had a value of $ 110 million at the time
- The CEO of 5IRE said that the way to unicorn status took about 11 months, which made him the fastest of its kind in the country
The Blockchain Startup 5ire has become $ 1.5 billion in record for India's latest Blockchain-inhorn after a Serie-A financing round of $ 100 million. $ 1.5 billion.
The international conglomerate Sram & Mram based in Great Britain was the only investor for the self-proclaimed "sustainable" blockchain ecosystem of the 5th generation.
5ire joins the crypto exchanges coinswitch Kuber and Coindcx to take over the unicorn coat, whose reviews have to exceed $ 1 billion to qualify.
India quickly develops into a fintech hub for newly founded companies. According to a research company, the country is home to the country on June 29, 104, with a total value of over $ 336 billion $ The financing will flow into the business expansion and at the same time expand the presence to three continents, including Asia, North America and Europe, the startup said. India should remain its most important operational center and its main focus.
The round extends over its starting value of $ 21 million, which was rated $ 110 million in October last year. The fresh capital supply will also contribute to strengthening the blockchain called 5irechain and the hiring of employees, the startup said.
ratings and increases like this in crypto are rarely rarely paired in view of the economic prospects with industry -wide layoffs. Nevertheless, some see a vision for further growth during the downturn on the cryptoma market.
"The 5ire team worked around the clock to develop a platform that combines both technology and processes for the benefit of humanity," said Pratik Gauri, CEO of 5ire. "The world's first and only sustainable unicorn that was born in India in just 11 months is proof that we are on the right track."
So far, little was known about the startup. According to its own information, its ecosystem includes a blockchain and risk capital arm as well as its research and development center 5ire labs Website .
5ire was founded in August last year by blockchain supporters Gauri, Prateek Dwivedi and Vilma Mattila and said it aims to focus on the goals of the United Nations for sustainable development. These high -tackled goals include a collection of 17 connected global goals that aim to reduce poverty, to influence climate change and to improve gender equality.
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The contribution of India's latest blockchain-in-one-horn 5ire worth 1.5 billion USD is not a financial advice.
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