Uniqus Consultech Nets $10 Mn From Nexus, Sorin To Provide Consulting Services

Enterprisetech startup Uniqus Consultech has raised $10 Mn (around INR 83.5 Cr) in a Series B funding round led by Nexus Venture Partners, with participation from Sorin Investments.

The company plans to deploy the fresh proceeds for its growth, which will be fuelled by scaling up of its existing solutions, launch of adjacent service offerings and geographical markets, and continued investments in technology.

Uniqus’ cofounder and CEO Jamil Khatri 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.”

Founded by Khatri and Sandip Khetan, Uniqus is a tech-enabled consulting company that specialises in ESG and accounting and reporting consulting.

The startup claims to be operational across eight cities in the US, India, and the Middle East with over 350 employees. Currently, the startup caters to more than 150 clients and has also launched an AI assistant for financial reporting and ESG.

Anup Gupta of Nexus said, “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. We are delighted to see a new global tech-enabled consulting company take shape.”

Other than Nexus and Sorin, it is backed by a clutch of angel investors. 

According to Inc42’s Indian Startup Funding Report H1 2023, the sector, since 2014, has raised $13 Bn across more than 1,600 deals. In H1 2023, the enterprisetech sector saw a significant growth with the maximum number (67) of acquisitions since 2014.

Recently, yet another enterprisetch startup Postman announced the acquisition of community-focussed SaaS platform Orbit for an undisclosed amount.