Indian Unicorn added another member: 5ire received a round a financing of US $100million at a valuation of US $1.5 billion

This article is from Business Standard, Original author ：Peerzada Abrar

Odaily Translator of Star daily | Yu shunsui

Blockchain startups 5ire announce , From British enterprise groups SRAM & MRAM get 1 Billion dollars A Round of funding , Become the second in India 105 Unicorn company , India is also the first 20 Unicorn company .

5ire Express , This investment makes it the fastest-growing blockchain Unicorn enterprise in India , Valuation of 15 Billion dollars .

5ire This fund will be used to expand business , And expand its business scope to Asia 、 North America and Europe . The company plans to build India into an operation center and a core focus area .5ire Our goal is to hire cross functional departments in the industry （ Such as products and Engineering ） The talent of .

5ire CEO and founder  Pratik Gauri Express ,“ Our mission is to integrate sustainable development into blockchain .”

The company is 2021 year 8 Month by month Gauri Dwivedi、Prateek Dwivedi as well as Web3  financiers Vilma Mattila found .2021 year 10 month ,5ire With 1.1 Billion dollars valuation completed 2100 US $10000 seed round financing , Participants include Alphabit、Marshland Capital、Launchpool Labs、Moonrock Capital.

SRAM & MRAM Chairman of the group Sailesh Lachu Hirananda n call ,“ As a scientist , I always believe that I can find a better way to do things . and 5ire Committed to the United Nations 17 Sustainable development goals （SDG） Looking for solutions .”

According to the CoinDesk reports ,Pratik Gauri Express , Blockchain Layer 1 The Internet 5ire Will pass through Proof-of-Benefit Incentive model , to grant authorization  DAO And working groups , To help accelerate the implementation of the United Nations 17 Sustainable development goals .

according to CB Insights A report of ,2021 year , Blockchain startups have received more than venture capital funds 252 Billion dollars , Eight times that of the previous year . Of the total global financing , U.S. - based start-ups receive more than half of the capital , the height is 141 Billion dollars .

last year  10  month , India's largest cryptocurrency exchange  CoinSwitch Kuber  complete  2.6  Billion dollars  C  Round of funding , To gain Unicorn status . This round of financing is from  Andreessen Horowitz（a16z） and  Coinbase Ventures  Lead investment , Existing investors tiger global （Tiger Global） Sequoia Capital India （Sequoia Capital India） Take part in the voting .CoinSwitch  The valuation of increased to  19  Billion dollars , More than another Indian encryption Unicorn enterprise  CoinDCX, The latter last year  8  The valuation was announced as  11  Billion dollars .