ESG consulting startup Uniqus raises $10 million in funding led by Nexus VP, ETCFO

Uniqus Consultech, a tech-enabled global platform that offers ESG and accounting & reporting consulting, raised $10 million in Series B funding led by Nexus Venture Partners, with participation from Sorin Investments.

Within a year of launch, the firm has expanded to eight cities in the US, India, and the Middle East, with over 350 professionals led by 40 partners and directors.

The ESG specialist firm has been experiencing solid domestic growth fuelled by increased transactions, IPOs, compliance and governance-related work in startups, and SEBI-related ESG services, while globally, its recording rising demand from the Middle East and US for outsourced ESG solutions.

The company was valued at $100 million in the most recent funding round, while the first round of $12.5 million was valued at $50 million. Now investors collectively own nearly one third of the company.

The new funding will help Uniqus grow by expanding current services, introducing new ones, entering new markets, and investing in technology.

Jamil Khatri, coounder & CEO of Uniqus, said, “Our clients have been encouraging us to explore adjacent solutions, and high-quality talent has been approaching us with new capabilities. The current round of funding will enable us to expand our solutions portfolio, explore new markets, and further accelerate our growth plans.”

Anup Gupta from Nexus Ventures added, “The company’s unique cloud delivery model coupled with proprietary technology is a game-changer for clients. Uniqus leverages both technology and people to deliver a holistic and compelling value proposition for clients.”

ESG has been a growth area for professional services firms as the focus on sustainability and governance rises among investors, regulators, and corporations.

Sharing his views on the investment, Sorin Investments’ Sanjay Nayar said, “The company’s chosen markets of India, US and the Middle East all offer significant opportunities either due to their growth potential or their absolute size. The Uniqus team has continued to demonstrate their ability to execute to seize the significant opportunities before them.”

  • Published On Apr 18, 2024 at 03:05 PM IST

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