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ESG Funding, M&A: Uniqus Consultech Raises $12.5M, Acquires SustainPlus

January 11, 2023 by Joe Panettieri

Uniqus Consultech, a startup that offers ESG (environmental, social and governance) consulting services, has raised $12.5 million in Series A funding and acquired SustainPlus.

This is M&A deal number two that we have covered. See all sustainable technology M&A deals listed here.

Nexus Venture Partners led the funding round. Sorin Investments, overseen by former KKR India Chairman Sanjay Nayar, also participated in the round, along with global business and consulting leaders, Uniqus said.

ESG Business Overview and Acquired Assets

Uniqus co-founders include:

  • Jamil Khatri, KPMG's former global head of accounting advisory services; and
  • Sandip Khetan, former head of financial accounting advisory services of EY India.

Uniqus, based in Mumbai, India, will initially focus on the United States, India, and Middle East geographies. Key areas of expertise span ESG strategy, climate action goals, global & Indian reporting frameworks, technology and implementation support. Also of note: The Uniqus Accounting & Reporting is designed to assist clientele with accounting, financial reporting, capital markets and merger transactions reporting, regulatory reporting, internal control, and automation requirements.

SustainPlus, the acquired business, has provided ESG consulting to companies in India, Europe, the Middle East and the United States since 2017. SustainPlus Founder and CEO Anu Chaudhary shifts to global head of ESG at Uniqus.

ESG Business Strategy: Executive Perspectives

In a prepared statement about the deal, Jamil Khatri, CEO of Uniqus, said: "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. We thank our investors for their faith in us. Together, we’ll create the consultancy of tomorrow."

Added Anup Gupta of Nexus Venture Partners: "There is a large market need to enable enterprises in their journey of adopting leading ESG and financial accounting & reporting practices. Uniqus is addressing this opportunity by using technology to leverage top-notch global talent. We are excited to partner with Jamil, Sandip, Anu and Team Uniqus."

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