MUMBAI (India CSR): Uniqus Consultech, a rapidly growing tech-enabled ESG and accounting & reporting consulting platform, has successfully raised $10 million in a Series B funding round led by Nexus Venture Partners. This investment highlights the increasing demand for ESG consulting services as businesses prioritize sustainability and governance practices.
Rapid Growth and Global Expansion
Since its launch just a year ago, Uniqus Consultech has experienced remarkable growth, expanding its presence to eight cities across the US, India, and the Middle East. With a team of over 350 professionals, including 40 partners and directors, the company is well-positioned to address the rising demand for ESG solutions in these key markets.
Strong Domestic and International Demand
Uniqus Consultech’s success can be attributed to the surge in ESG-related activities, including transactions, IPOs, compliance and governance requirements for startups, and SEBI-mandated ESG services in India. Additionally, the company is witnessing a growing demand for outsourced ESG solutions from clients in the Middle East and the US.
Funding to Drive Expansion and Innovation
The recent funding round, which valued Uniqus Consultech at $100 million, will be instrumental in accelerating the company’s growth trajectory. The funds will be utilized to expand existing service offerings, introduce new solutions, enter new markets, and invest in technological advancements.
Leadership Insights on Uniqus’ Vision
Jamil Khatri, Co-founder & CEO of Uniqus Consultech, expressed his enthusiasm about the company’s future, stating, “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 commended Uniqus Consultech’s unique approach, highlighting the company’s innovative cloud delivery model and proprietary technology. “Uniqus leverages both technology and people to deliver a holistic and compelling value proposition for clients,” Gupta remarked.
ESG: A Rising Priority for Businesses
The increasing focus on sustainability and governance among investors, regulators, and corporations has positioned ESG as a critical growth area for professional services firms. Sanjay Nayar of Sorin Investments, another participant in the funding round, recognized the significant opportunities present in Uniqus Consultech’s chosen markets.
“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,” Nayar stated.
