Ending Soon! Save 33% on All Access

How 5ire Is Revolutionising the Blockchain Industry The company, 5ire run by founder and CEO Pratik Gauri, seeks to shift the paradigm from 'for-profit' to 'for-benefit' economy.

By Kavya Pillai

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Founder and CEO Pratik Gauri

The company, 5ire run by founder and CEO Pratik Gauri, seeks to shift the paradigm from 'for-profit' to 'for-benefit' economy. They aim to shift the world's focus from the fourth industrial revolution's idea of profit maximization and crony capitalism to a more sustainable and inclusive approach and to think about the fifth-industrial revolution.

Till date they have invested in eight companies, which are Charisma School, Let's Do This , Let's Go Social, ALT CTRL, Trikon, 5th Element Group, Glastic and India Needs You. Talking about investing Gauri shared, " you not only see investment opportunities but also innovators you wish to succeed and join ranks because they have a great idea that should be fostered and you to act as its proponent."

The 5th industrial revolution is the audacious idea of aligning sustainability with profitability to unleash human potential. "Be a champion of WEB3 revolution and inspire entrepreneurs to build businesses around blockchain to help India become the epicenter of WEB3 revolution," said Gauri. The company is currently seeking projects with genuine potential for impact and ones that complement or support its efforts for the same.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Business Culture

The Psychological Impact of Recognition on Employee Motivation and Engagement — 3 Key Insights for Leaders

By embedding strategic recognition into their core practices, companies can significantly elevate employee motivation, enhance productivity and cultivate a workplace culture that champions engagement and loyalty.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Career

What the Mentality of the Dotcom Era Can Teach the AI Generations

The internet boom showed that you still need tenacity and resilience to succeed at a time of great opportunity.