Atlanta-based KNAV Advisory Inc. (FY23 net revenue of $17.3 million) has announced that NKSquared, the U.S. investment vehicle of Indian billionaire investor Nikhil Kamath, has made a minority investment in the international accounting and business advisory firm.
The firm plans to use the investment to fuel new acquisitions in the U.S. and abroad, hire additional talent, expand services and improve technology.
The investment marks the first tranche of a larger commitment by NKSquared, aimed at supporting KNAV’s growth strategy. KNAV, which operates under an alternative practice structure, provides a seamless global delivery model for accounting and business advisory services, in contrast to the traditional network and association firm models. KNAV has offices in the U.S., U.K., the Netherlands, Canada, India, the Philippines and Singapore.
This investment represents NKSquared’s first foray into the professional services industry. Even as future tranches are released, NKSquared’s stake is expected to remain a minority position, ensuring that KNAV retains its leadership and strategic direction.
“At NKSquared, we seek businesses that not only show strong growth but also drive positive change within their sectors, making KNAV an ideal partner. We believe this investment will further enhance KNAV’s ability to scale globally, providing top-tier services and setting themselves apart from the competition,” said Kamath in a statement.
“This investment will enable us to further enhance our seamless and integrated service delivery model across the globe,” said Sharma.
