Uniqus Consultech, a global consulting firm specialising in ESG (Environmental, Social, and Governance) & climate advisory and accounting, has announced a successful closure of a $10 million Series B funding round. The investment round was spearheaded by Nexus Venture Partners, accompanied by Sorin Investments.
Jamil Khatri, the co-founder & CEO of Uniqus Consultech, expressed his enthusiasm for the company’s trajectory, highlighting the remarkable growth achieved within a relatively short span. Khatri stated, “Since the inception of Uniqus approximately 15 months ago, we’ve witnessed substantial business expansion. Our journey from a nascent startup in December 2022 to a team of 350 professionals servicing 150 clients across eight offices underscores our commitment to excellence.”
Reflecting on the rationale behind the fundraising initiative, Khatri emphasised the imperative of preparing Uniqus for its next phase of growth. “Generative AI capabilities are pivotal in our decision to raise funds at this juncture. We remain dedicated to advancing our proprietary technology, leveraging the transformative potential of AI to redefine traditional consulting paradigms,” he added.
Uniqus Consultech’s Series B funding follows a successful Series A round in December 2022, which secured $12.5 million from Nexus Venture Partners and Sorin Investments. Khatri outlined ambitious growth projections, aiming to surpass initial targets of $100 billion and propel Uniqus towards a $150 billion valuation by 2027, a year ahead of schedule.
Looking ahead, Uniqus Consultech is poised to diversify its service offerings, with a strategic focus on AI-driven solutions, technology risk consulting, and geographical expansion.
In a separate development within the startup ecosystem, D2C (Direct-to-Consumer) health and wellness brand Traya has secured an investment of ₹75 crore from Xponentia Capital.
Saloni Anand, the co-founder of Traya, shared insights into the brand’s exponential growth trajectory, noting a 2.5x revenue surge in the past year. Anand highlighted Traya’s achievement of profitability in FY24, with revenues reaching Rs 242 crore.
Founded in 2019, Traya has garnered a user base exceeding 10 lakh individuals, with a strategic emphasis on regional expansion initiatives.
Anand underscored the brand’s significant impact in addressing hair loss concerns among Indian consumers, citing impressive clinical trial results wherein 93% of participants witnessed tangible improvements over a five-month treatment period.
Looking ahead, Traya aims to further augment its market presence while exploring potential offline retail channels to complement its existing digital platforms.
Watch the accompanying video for the entire conversation.