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This startup turns unicorn without clocking revenue
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This startup turns unicorn without clocking revenue
Jul 15, 2022 11:55 AM

5ire has become the fastest blockchain startup from India to turn unicorn, after raising $100 million in its Series A funding round. What's more, it has achieved this feat without clocking any revenue!

UK-based conglomerate SRAM & MRAM led the investment, valuing the startup at $1.5 billion.

5ire offers a blockchain ecosystem to help businesses and government agencies meet United Nation's sustainability goals. To understand how 5ire entered the billion-dollar club without bringing in any revenue, CNBC-TV18 spoke to its founder and CEO Pratik Gauri.

Also, Chetan Walunj, Founder & CEO of Repos Energy, spoke about the launch of their new products — an organic waste-powered "mobile electric charging vehicle" and a fintech platform, Repos Pay.

Moreover, watch how agri-tech startups are empowering the Indian farmer.

Watch video for more.

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