Uniqus In Talks To Raise $20 Mn In Fresh Funding Round

Enterprisetech startup Uniqus Consultech is reportedly in advanced discussions with a clutch of new and existing investors to secure fresh capital.

An ET report, citing sources, said that the company is seeking to raise up to $20 Mn (around INR 172.2 Cr) in its Series C funding round at a valuation of $200-250 Mn.

Uniqus is currently in talks with WestBridge, Accel, Norwest, Lightspeed, Bessemer Venture Partners and Peak XV, along with existing investors such as Nexus Venture Partners and Sorin Investments, the report added.

Founded in 2022 by Jamil Khatri and Sandip Khetan, Uniqus 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 500 employees. 

Currently, it caters to more than 200 clients and has also launched an AI assistant for financial reporting and ESG.

Other than Nexus and Sorin, Uniqus is backed by UST and a clutch of angel investors worldwide. 

Inc42 has reached out to Khatri for comments on the development. The story will be updated based on his response.

ET report further said that the startup was valued $100 Mn following its last funding round.

Last year, Uniqus bagged $10 Mn in its Series B funding round to capitalise on its growth as well as scaling up existing solutions and technology.

This comes at a time when the enterprisetech market is projected to net funds to the tune of $2.3 Bn+ in 2025, as per Inc42 data.

During the first quarter of this year, early stage startups, including Singulr AI secured $10 Mn and Gyaan AI (now MaxIQ) raised $7.8 Mn, reflecting the investors’ growing interest in the enterprise tech and SaaS startups. 

According to the Inc42 Funding Report 2024, the Indian enterprise tech sector raised over $1.8 Bn across 167+ deals last year.