Uniqus Consultech raises $20 mn in Series C funding

ET reported final week that a number of funds—similar to Bessemer, Accel, Lightspeed, Peak XV, WestBridge, and Norwest—have been additionally within the fray, together with present traders, to spend money on the corporate.

The corporate accomplished a Collection B spherical in March 2024 at a valuation of $100 million.

The agency will use the funds to gasoline its bold progress plans. It goals to scale up quickly, roll out complementary providers, and develop into new markets all over the world.

A good portion of the funding will even go into analysis and growth, with a robust give attention to AI-powered instruments designed to deal with the advanced reporting and danger administration wants of its purchasers.

“The massive push now’s utilizing AI to interrupt into extra conventional service areas,” stated Jamil Khatri, Co-founder & CEO of Uniqus Consulting. “We’re additionally eyeing new markets—Qatar, Kuwait, Oman, ASEAN, and Canada—as a part of our global expansion. And within the close to time period, we plan to enter valuation and diligence providers as nicely.”Since its launch two years in the past, Uniqus has grown at a brisk tempo—organising workplaces in 11 cities throughout India, the US, and the Center East. Backed by a workforce of over 550 professionals and 60 companions and administrators, the agency now serves greater than 250 purchasers throughout markets.“Uniqus represents the way forward for consulting,” stated Anup Gupta, Managing Director of Nexus Enterprise Companions. “Whereas conventional consulting companies battle to adapt to altering market wants, Uniqus takes a essentially totally different method that delivers superior outcomes.”

Buyers say it was Uniqus’ differentiated mannequin that drew them in, convincing them to again the corporate’s subsequent part of progress.

“Uniqus continues to execute remarkably nicely because it builds a differentiated, international consulting firm,” stated Sanjay Nayar of Sorin Investments. “The corporate has anticipated and capitalised on the rising want for tech-enabled consulting providers, positioning itself nicely forward of rivals.”

In 2022, the corporate was co-founded by former KPMG audit head Jamil Khatri and former EY Monetary Accounting Advisory Providers (FAAS) chief Sandip Khetan, and have become the primary skilled providers agency from India to obtain funding from non-public fairness companies.