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Uniqus bags $20 million to revolutionise consulting with AI power
Inshorts · 2m ago
Medial
Uniqus Consultech has secured $20 million in Series C funding led by Nexus Venture Partners and Sorin Investments. The funds will drive global expansion, AI-led R&D, and new service lines. With 550+ professionals across 11 cities, Uniqus delivers tech-driven consulting in accounting, ESG, and risk. Its proprietary platforms and AI strategy aim to redefine traditional consulting models.
Nexus Venture Partners, Sanjay Nayar’s Sorin double down on Uniqus Consultech
VCCircle · 2m ago
Medial
Uniqus Consultech, a technology-led consulting firm focusing on ESG, accounting, and reporting solutions, raised $20 million in a Series C funding round led by Nexus Venture Partners, with participation from Sorin Investments. The funds are intended to accelerate growth, expand service lines, and enhance global presence. Co-founded in 2022, Uniqus plans to develop AI-driven solutions to address reporting and risk management challenges, tapping into market demand with a team of over 550 professionals across 11 offices.
Nexus Venture Partners, Sanjay Nayar’s Sorin top up bets on Uniqus Consultech
VCCircle · 1y ago Medial
Uniqus Consultech, a technology-based environmental, social, and governance (ESG) and accounting consultancy firm, has raised $10 million in a Series B funding round. The round was led by Nexus Venture Partners and also saw participation from Sorin Investments. The funding will be used to scale up existing solutions, expand into new markets, and develop the firm's technology stack. Uniqus provides ESG and accounting consulting services and offers AI-assisted financial reporting and ESG platforms. The funding comes after the startup raised $12.5 million in a Series A round last year.
ESG consulting startup Uniqus raises $10 million in funding led by Nexus VP
Economic Times · 1y ago
Medial
Uniqus Consultech, a global platform for ESG and accounting & reporting consulting, has secured $10 million in Series B funding. Led by Nexus Venture Partners and with Sorin Investments also participating, the funding will support the firm's expansion of services, entry into new markets, and investment in technology. Within a year of launching, Uniqus has grown to eight cities across the US, India, and the Middle East, with over 350 professionals and a valuation of $100 million. The company aims to capitalize on the increasing demand for ESG solutions, particularly in areas such as compliance and governance.
California firm joins cap table of Nexus Venture-backed Uniqus Consultech
VCCircle · 7m ago
Medial
California-based digital transformation solutions company UST has invested in Mumbai-based consulting firm Uniqus Consultech. This investment is part of a $10 million series B funding round that Uniqus had previously announced, and the round is backed by its existing investors. Uniqus offers consulting solutions across various domains and aims to hit a revenue target of $100 million by 2026. With this collaboration, UST plans to leverage Uniqus' expertise in finance, risk, and sustainability to offer better digital solutions to its clients.
Debt relief platform FREED raises $7.5 Mn in Series A
Entrackr · 1y ago
Medial
Debt relief platform FREED has raised Rs 60 crore ($7.5 million) in its Series A round led by Sorin Investments and Multiply Ventures, with participation from Piper Serica and other institutional funds. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures. With this latest investment, FREED aims to accelerate its growth trajectory, deepen its impact, and continue pioneering advancements in the debt relief landscape. Founded in August 2020 by Ritesh Srivastava, FREED assists individuals in navigating their debt challenges effectively. The company claims to have enrolled over 1,200 crore in stressed retail debt on its platform across more than 25,000 customers pan India. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment. Sorin Investments, a venture capital firm set up by KKR’s Sanjay Nayar and Caravel Group’s Angad Banga, raised $100 million from multiple family offices for its debut fund in July 2022. Its portfolio includes Uniqus and Venwiz.
Comet raises $5 Mn in Series A round
Entrackr · 1y ago
Medial
D2C sneaker brand Comet has raised Rs 42.3 crore (approximately $5 million) in its Series A round led by Elevation Capital. This is the first round of investments for the Bengaluru-based company in 2024. The board at Comet has passed a special resolution to issue 10 equity and 50,076 Series A CCPS at an issue price of Rs 8,445 each to raise Rs 42.3 crore or $5 million, its regulatory filing accessed from the Registrar of Companies shows. Elevation Capital led the round with Rs 33.36 crore while existing investors Nexus Ventures and AngelList India participated with Rs 8.34 crore and Rs 60 lakhs respectively. The company will use these proceeds for capital expenditures, marketing, and general corporate purposes as per the business plan, the filing added. According to the startup data intelligence platform TheKredibe, Comet has been valued at around Rs 167 crore or $20 million post-allotment. The startup raised its seed capital in February last year. Following the fresh proceeds, Elevation Capital and Nexus Ventures will hold 20% each while AngelList India will command 2.22% of the capital in the company. Founded in July 2023, Comet is a homegrown, lifestyle sneaker brand for both men and women which sells its products through its website. Its current portfolio includes CometX, Aeon, and Slides. According to Comet, its TAM (total addressable market) is expected to be $22 billion while the company’s serviceable addressable market (SAM) is expected to be $1.5 billion by FY 2030. Comet competes with Wrong, HRX, Redtape, The Roadster, Campus, Sparx and other multinational footwear brands like Nike and Adidas.
B2B robotics maker Haber raises $44 Mn in Series C round
Entrackr · 7m ago/entrackr/media/post_attachments/wp-content/uploads/2024/10/Haber.jpg)
Medial
Industrial robotics maker Haber has raised $44 million in its Series C round led by Creaegis, BEENEXT, and Accel. The round comprised $38 million in equity and $6 million in debt. Entrackr had exclusively reported the Series C round in October. The proceeds will be used to scale its operations internationally, particularly in the US, to serve the demand for AI-led industrial automation solutions. Founded by Raghavan, Arjunan PN, and Priya Venkat, Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $70 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others. Haber counts ITC, Aditya Birla, and Tata Steel among its clientele. Some of its portfolio includes automation services for chemical dosing across different applications, including sugar mills, distilleries, paper mills, breweries, independent institutions, and mining operations.
abCoffee raises $3.4 Mn in Series A round
Entrackr · 1y ago
Medial
Specialty coffee QSR chain abCoffee has raised $3.4 million in its Series A round led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners. Earlier to this round, the startup had raised $2 million in its seed round led by Tanglin Venture in September last year. The proceeds will be used to enable abCoffee to ramp up its supply chain and technology stack to bring on-demand coffee beverages at lower prices in quicker time, abCoffee said in a press release. Founded in 2022 by Abhijeet Anand, abCoffee offers a wide variety of freshly brewed coffees at affordable prices and provides all the traditional blends including Americano, Latte, Flat White, Iced Latte, and Irish Cold Coffee. The company boasts a customer loyalty rate of 61%, nearly double the industry average, reflecting its commitment to exceptional service with a turn around time (TAT) of 1.5 minutes. Recently, the brand opened 25 outlets across Mumbai and Delhi within a span of 20 months. The brand is targeting 150 stores by end of 2024. Its competitors include Third Wave Coffee, Blue Tokai, Rage Coffee, Slay Coffee, Sleepy Owl, and Seven Beans Co., among others.
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Entrackr · 9m ago
Medial
Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.
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