Chennai-based Unico Housing Finance has secured ₹120 crore in a recent funding round led by Anicut Capital and UC Impower. The investment is aimed at accelerating the company’s expansion into Tier 2 and Tier 3 cities and strengthening its affordable housing finance offerings nationwide.
Key Highlights of the Funding Round
- Investors: Anicut Capital and UC Impower
- Amount Raised: ₹120 crore
- Net Worth Post-Funding: Over ₹210 crore
- Target Markets: Tier 2 and Tier 3 cities across India
- Focus Segment: Self-employed and middle-income borrowers
Unico’s Rapid Growth Journey
Since its inception in December 2023, Unico Housing Finance has demonstrated impressive growth:
- Branch Network: 86 branches established in just 18 months
- Assets Under Management (AUM): ₹500 crore
- Geographic Presence: Active across 7 states
- Product Portfolio: Includes home construction loans, purchase loans, home improvement loans, and loans against property
- Average Ticket Size: ₹13–15 lakh
What Makes Unico Stand Out?
Unico has positioned itself as a new-age housing finance company that combines deep regional insights with disciplined risk management. This approach allows the company to serve segments often overlooked by traditional lenders.
Investor Perspectives
Dhruv Kapoor, Partner at Anicut Capital, emphasized Unico’s unique approach:
“Legacy institutions often fall short in serving this segment with agility and empathy. Unico is positioned as a new-age lender that can unlock real impact while delivering sustainable returns.”
Mona Kachhwaha, Co-Founder of UC Impower, echoed this sentiment:
“Our investment reflects our conviction in India’s affordable housing story and in Unico’s ability to scale impact and returns. We’re excited to support their mission to expand access for low-income families long excluded by traditional lenders.”
The Broader Market Context
India’s affordable housing finance market is projected to exceed $100 billion over the next decade. This growth is driven by:
- Rising urbanization
- Supportive government policies
- Increasing demand for first-time home ownership
- Growing focus on financial inclusion
Unico’s expansion comes at a pivotal time, as more Indians in smaller cities and towns seek accessible and empathetic lending solutions.
Looking Ahead
With this funding, Unico aims to:
- Deepen its presence in underserved markets
- Broaden its affordable housing loan portfolio
- Enhance its technological capabilities for better customer service
- Continue its mission of enabling homeownership for middle and low-income families
About Unico Housing Finance
Unico Housing Finance is one of India’s fastest-growing housing finance companies, dedicated to providing affordable home loan solutions to self-employed and salaried individuals in semi-urban and rural markets. With a strong branch network and customer-centric approach, Unico is poised to play a significant role in India’s affordable housing landscape.
