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The blockchain giant has today announced that it has gotten over $100 million in Series A after getting funding from two UK conglomerates, SRAM & MRAM namely.

5ire is among the fastest growing blockchain unicorn in india and one of the few sustained blockchain unicorn in the world with a net value projected at over $ 1.5 billion. The blockchain organisation reportedly raised over $21 million in its seed round with a valuation of $110 million with participation coming from private and investors which includes Marshland Capital, Launchpool labs among others.

The blockchain giants was founded by Indian entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August 2021.

This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world valued at $1.5 billion. 5ire was founded by Indian-origin entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August 2021.

The funds raised will be used for business expansion and extending 5ire’s footprint across three continents including Asia, North America, and Europe, with India as the hub of operations and core area of focus. 5ire will continue to invest in strengthening its blockchain further and work towards ensuring this decentralized technology benefits a larger base globally. Additionally, 5ire aims to hire the best talent in the industry across functions like the product, engineering, marketing, etc.

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