Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion

Blockchain start-up 5ire said it raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM, making it the 105th unicorn in India and the 20th this year. The firm said the investment made it the fastest-growing blockchain unicorn in India, valued at $1.5 billion.

5ire would use the funds to expand business and extend its footprint across three continents — Asia, North America, and Europe. It plans to make India the hub of operations and core area of focus. 5ire aims to hire the talent in the industry across functions like product and engineering.