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# Indian blockchain startup 5ire raises $100 million, becomes unicorn
- URL: https://www.techloy.com/indian-blockchain-startup-5ire-raises-100-million-becomes-unicorn/
- Published: 2022-07-15T13:21:20.000Z
- Updated: 2022-12-08T00:26:13.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Tech in India

[5ire,](https://www.5ire.org/) an India-based and London-headquartered blockchain offering startup, has raised $100 million in its new funding round from SRAM & MRAM Group based in the UK, at a $1.5 billion valuation and is now unicorn.

- The fund will be used to increase its team of 100 employees and advance its technology stack, the startup claims.
- Founded last year August, 5ire provides sustainability in blockchain including no-code smart contracts, interoperable asset sending, domain-hosted decentralized users wallets, and carbon-free processes.
- It last raised $21 million in seed funding in October last year from Marshland Capital, Launchpool Labs, Moonrock Capital, and others.