Uniqus Consultech secures Series A funding of $12.5 million
- ByStartupStory | December 9, 2022
On Thursday, Uniqus Consultech Inc, a tech-enabled platform that offers consultancy in ESG, accounting, and reporting, announced the beginning of its operations by securing $12.5 million in Series A investment for a minority interest sale.The capital round was spearheaded by Nexus Venture Partners, a prominent Silicon Valley-India VC firm that has made numerous category-creating investments in digital India and the global technology sector, including Delhivery, Postman, Zepto, Turtlemint, and others.
Jamil Khatri, a former global head of accounting advisory services and member of KPMG’s India leadership team, and Sandip Khetan, a former head of financial accounting advisory services at EY India, are the co-founders of Uniqus.
According to a press release, Uniqus aims to revolutionise consulting by tightly integrating technology and adopting a cloud delivery model to service clients internationally. By not offering any audit services, the company will eliminate auditor independence conflicts. In addition, it has established a desirable equity stock option pool to encourage top people to contribute to its value development.
According to the company, Uniqus will initially concentrate on the US, India, and Middle East regions, which together represent a $15 billion addressable market opportunity.
According to the report, the transaction also serves as the first investment for Sorin Investments, an early-stage tech firm established by seasoned private equity investor and former KKR India chairman Sanjay Nayar. Pirojsha Godrej, Anant Goenka, Apoorva Patni, Keki Mistry, Ranu Vohra, Dhanpal Jhaveri, Vijay Malhotra, Bala Swaminathan, and Sridar Iyengar were among the prominent business and consulting figures who took part in the round.
The money will mostly go toward expanding the company operations and teams in the US, India, and the Middle East as well as making technological advances. According to Jamil Khatri, co-founder and CEO of Uniqus, trust and sustainability are two of the most important business imperatives of the present.
“Our model meets these needs by integrating consulting, technology, and on-the-ground implementation, according to Khatri. “Uniqus will enable enterprises to create and scale best-in-class ESG and finance functions as the two key pillars of governance and stakeholder value,” he said.
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