Uniqus Consultech raises $12.5 million in Series A funding and goes live | Jobs Recent


Mumbai: Uniqus Consultech Inc, a technology-enabled platform offering ESG and accounting and reporting advisory, on Thursday announced the launch of its operations by raising $12.5 million in Series A funding to sell a minority stake.

Nexus Venture Partners, India’s leading Silicon Valley VC firm with multiple investments in category creation in digital India and global tech sector like Delhivery, Postman, Zepto, Turtlemint and others, led the funding round.

Uniqus was co-founded by consulting industry veterans Jamil Khatri, former global head of accounting advisory services and member of the KPMG India management team, and Sandip Khetan, former head of financial accounting advisory services at EY India.

Uniqus, the statement said, aims to transform consulting through deep technology integration and the use of a cloud-based delivery model to serve clients across national borders. The company will eliminate auditor independence conflicts by not providing any audit services and has created an attractive stock option fund to allow high-quality talent to participate in value creation.

Uniqus will initially focus on the US, India and Middle East geographies, which represent a $15 billion market opportunity, it said.

The investment is also said to be the first for Sorin Investments, a technology start-up fund founded by private equity veteran Sanjay Nayar, former chairman of KKR India. Eminent global business and consulting leaders including Pirojsha Godrej, Anant Goenka, Apoorva Patni, Keki Mistry, Ranu Vohra, Dhanpal Jhaveri, Vijay Malhotra, Bala Swaminathan and Sridar Iyengar also participated in the round.

The funding will primarily be used to invest in technology and expand business operations and teams in the US, India and the Middle East.

Jamil Khatri, co-founder and CEO of Uniqus, said that sustainability and trust are the two most important business imperatives of today.

“Uniqus will enable companies to create and extend the best ESG and finance functions as two key pillars of governance and stakeholder value; and our model addresses these needs by integrating consulting, technology and field implementation,” said Khatri.

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