5ire has become the fastest Indian blockchain startup to become a unicorn, having raised $100 million in its Series A funding round. What’s more, it achieved this feat without registering any revenue!
British conglomerate SRAM & MRAM led the investment, valuing the startup at $1.5 billion.
5ire offers a blockchain ecosystem to help businesses and government agencies achieve the United Nations Sustainable Development Goals. To understand how 5ire entered the billion dollar club without generating revenue, CNBC-TV18 spoke with its founder and CEO Pratik Gauri.
Additionally, Chetan Walunj, Founder and CEO of Repos Energy, spoke about the launch of their new products – a “mobile electric charging vehicle” powered by organic waste and a fintech platform, Repos Pay.
Plus, watch how agri-tech startups are empowering the Indian farmer.
Watch the video to learn more.