One person who doesn’t want to agree says the fast-expanding company is seeking a $200 million valuation for its C round, with existing investors Nexus Venture Partners and Sorin Investments expected to participate.
The company conducted a Series B round in March 2024 with a valuation of $100 million.
In 2022, the company was co-founded by Ex-KPMG audit director Jamil Khatri and Ex-Ey Financial Accounting consulting services head Sandip Khetan and India’s first professional services company to receive investment from a private equity firm.
The company focuses on environmental, social and governance (ESG) accounting and consulting services, which leverages a wider global trend.
Private equity firms have recently invested in professional services companies, including Grant Thornton UK with Cinven, Baker Tilly with Hellman & Friedman and Valeas Capital Partners and Blackstone’s Citrin Cooperman and Blackstone. ET query until release time.
A fund that has seen the company’s presentation deck says Uniqus’ aim is to use the funds to expand into new markets such as Canada, Kuwait, Oman and Singapore and build powerful artificial intelligence (AI) games. The company raised $13 million in the 2022 Series A, with Nexus and Sorin being the number one investors and earning a $50 million currency valuation. In the first round, the business was diluted by 25%.
