$12.5 M Series A funding raised by tech-enabled platform Uniqus Consultech Inc
Uniqus Consultech Inc, a tech-enabled platform that provides advice 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 headed by Nexus Venture Partners, a prominent Silicon Valley-India VC company that has made several category-creating investments in the global technology sector and in digital India, including Delhivery, Postman, Zepto, Turtlemint, and others.
Sandip Khetan, a former head of financial accounting advisory services at EY India, and Jamil Khatri, a former global head of accounting advisory services and part of KPMG’s India executive team, 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 serve customers internationally. By not offering any audit services, the firm will remove 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 first concentrate on the US, India, and Middle East regions, which together offer a $15 billion untapped 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.
The money will be used largely to scale its commercial operations and teams in the US, India, and the Middle East as well as to make technology investments.
Sustainable development and building trust are two of the most important business imperatives of the present, according to Jamil Khatri, co-founder, and CEO of Uniqus.
“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, and our model addresses these needs by integrating consulting technology, and on-ground implementation,” said Khatri.
