An India-based tech-enabled global platform that offers environmental, social, and governance (ESG) and accounting and reporting consulting, has officially announced the launch of its operations after it also earned $12.5 million in series A for a minority stake sale.
Uniqus Consultech Inc. intends to use the funding to investment in technology and scale its business operations and teams in the United States, India and the Middle East.
The founding round was led by Nexus Venture Partners, a leading Silicon Valley-India venture capital firm. It was also the first investment for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India.
Series A was also participated by prominent global business and consulting leaders including Pirojsha Godrej, Anant Goenka, Apoorva Patni, Keki Mistry, Ranu Vohra, Dhanpal Jhaveri, Vijay Malhotra, Bala Swaminathan, and Sridar Iyengar, the company said in a statement.
Also, Uniqus Consultech announced that Anu Chaudhary, Founder and Chief Executive Officer of SustainPlus, one of the foremost global ESG specialists based in India with over 20 years of experience, has joined its leadership team as the Global Head of ESG.
The company’s ESG practice has deep experience and skills to assist clients with their end-to-end ESG needs, including the overall ESG strategy, climate action goals, global & Indian reporting frameworks, technology, and implementation support.
“Sustainability and Trust are two of the most vital business imperatives today. Uniqus will enable enterprises to create and scale best-in-class ESG and finance functions as the two key pillars of governance and stakeholder value; and our model addresses these needs by integrating consulting, technology, and on-ground implementation,” said Jamil Khatri, Co-Founder and Chief Executive Officer of Uniqus Consultech.
Nexus Venture Partners’ Anup Gupt said there is a large market need to enable enterprises in their journey of adopting leading ESG and financial accounting and reporting practices.
Gupt said that Uniqus Consultech is addressing this opportunity by using technology to leverage top-notch global talent.
Uniqus Consultech was co-founded by consulting industry stalwarts Jamil Khatri, former Global Head of Accounting Advisory Services and a Member of the India Leadership Team of KPMG, and Sandip Khetan, former Head of Financial Accounting Advisory Services of EY India.
The firm is committed to transform consulting by deeply integrating technology and using a cloud delivery model to serve clients from across national boundaries.
The company seeks to eliminate auditor independence conflicts by not providing any audit services as it also creates an attractive equity stock option pool to enable high-quality talent to participate in its value creation.
During the early stage of its operations, Uniqus Consultech intends to focus on the US, India, and Middle East geographies, which represent a $15 billion addressable market opportunities.
Wanting to provide its clients with access to deep domain skills and practical implementation support, the company has acquired SustainPlus, a firm that has been providing ESG consulting to leading companies in India, Europe, the Middle East, and the United States since 2017.