Uniqus Consultech raises $10M in funding led by Nexus Venture Partners, Sorin Investments

Uniqus Consultech, a consulting firm specializing in Environmental, Social, and Governance (ESG) and Climate and Accounting Advisory, has raised $10 million in a Series B funding round.

The round was led by Nexus Venture Partners, with participation from Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar.

What is the purpose of fundraising? 

The raised capital is aimed at bolstering the company's market position. According to Jamil Khatri, Co-Founder & CEO of Uniqus, the capital will be used to "expand our solutions portfolio, explore new markets, and further accelerate our growth plans."

This includes scaling up existing solutions, launching adjacent service offerings, and significant investments in technology. Khatri also revealed plans to develop a new practice focused on AI technology risks, aiming to go live with this initiative by July.

Uniqus Consultech growth

Since its inception in December 2022, Uniqus Consultech has seen rapid growth, expanding its operations across eight cities globally and employing over 350 professionals. The firm currently serves more than 150 clients across three key markets: the United States, India, and the Middle East.

The company's growth can be attributed to its unique cloud delivery model and proprietary technology platform, which enhances its consulting services.

AI assistant for financial reporting and ESG

Uniqus has recently introduced an AI Assistant for financial reporting and ESG, along with a tech platform for ESG data management. These innovations are part of the firm's commitment to leveraging technology to enhance service delivery and client outcomes.

"The use of technology has got more accelerated due to the Gen-AI movement," Khatri emphasized, highlighting the firm's intent to capitalize on consulting opportunities within the Generative-AI space.

What are the future revenue projections?

With the strong demand in their operating markets, Uniqus has revised its revenue targets upwards. Khatri stated that the company now aims to achieve $100 million in revenue by 2026, a year earlier than previously anticipated, and is eyeing $150 million by 2027.

Uniqus also expects to close the current calendar year with revenues of about $30 million, maintaining its staffing levels at 1,200 professionals as initially guided.

"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," said Anup Gupta from Nexus Ventures.