5ire Raises $100M to Fund Expansion of Sustainable Blockchain
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Its $1.5 billion funding value makes 5ire the fastest-growing blockchain in India and the world's first blockchain unicorn with sustainability at its core, according to the statement.
5ire Will Empower Decentralized Autonomous Organizations
Sram & Mram Founder and Chairman Sailesh Hiranandani said, that "governments and huge enterprises will embrace" 5ire's blockchain, citing Malaysia as an example.
Across more than 35 locations, Sram & Mram consists of ten companies. Agriculture, artificial intelligence, hedge fund management, media and publishing, hotels, and I.T. are some of its areas of interest. Together with Vilma Matilla and fellow Indian, Prateek Dwivedi, Gauri launched 5ire in August 2021. Gauri and Dwivedi, who have been friends for more than ten years, came up with the concept while penning the initial ideas down on a napkin at an Indian tea shop. By October, the business had received $21 million in its seed round, with investors including Alphabit, Marshland Capital, and Moonrock Capital.