Uniqus Consultech, a startup focused on enterprise technology, is reportedly in advanced discussions to secure up to US$20 million in its series C funding round.

This funding round could value the company between US$200 million and US$250 million.

The startup is engaging with several investors, including WestBridge, Accel, Norwest, Lightspeed, Bessemer Venture Partners, and Peak XV.

Existing investors like Nexus Venture Partners and Sorin Investments are also involved in the talks.

Founded in 2022 by Jamil Khatri and Sandip Khetan, Uniqus specializes in environmental, social, and governance (ESG) consulting, accounting, and reporting.

The company operates in eight cities across the United States, India, and the Middle East, employing over 500 staff members and serving more than 200 clients.

🔗 Source: Inc42

🧠 Food for thought

1️⃣ ESG consulting firms leveraging AI for competitive edge amid regulatory pressures

Uniqus’ AI assistant for financial reporting and ESG reflects a broader industry trend where technology is becoming critical to scaling consulting services.

Similar AI-driven ESG platforms have recently secured substantial funding, including Planted’s €5 million for its automated ESG management software that serves over 350 clients 1, and Briink’s €3.85 million for AI tools that achieve over 90% accuracy in ESG data processing 2.

This technology adoption coincides with increased regulatory requirements that have made manual ESG compliance more complex and time-consuming, as evidenced by the UK government establishing a Transition Finance Council and Chinese stock exchanges introducing new ESG disclosure guidance 3.

The integration of AI into consulting services allows firms like Uniqus to handle larger client bases without proportional staff increases, explaining how they’ve scaled to serve over 200 clients while maintaining efficiency.

2️⃣ Enterprise tech valuations showing resilience despite selective funding environment

Uniqus’ potential valuation doubling from $100 million to $200-250 million demonstrates the premium investors are placing on specialized B2B technology firms with established revenue streams.

This valuation growth aligns with broader enterprise technology market projections, which forecast the global B2B IT market to reach $6.7 trillion by 2025, reflecting a robust 10% annual growth rate 4.