Unico Housing Finance raises Rs 120 crore from Anicut Capital

Chennai-based Unico Housing Finance has raised Rs 120 crore from Anicut Capital and UC Impower.

The company said the equity funding will raise its net worth above ₹210 crore (US$23.8 million) and help expand operations in India’s tier II and III cities.

Since launching in December 2023, Unico Housing Finance has expanded to 86 branches across seven states and built assets worth around ₹500 crore in just 18 months.

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“India's affordable housing finance market is poised to exceed $100 billion over the next decade, driven by rising urbanisation, regulatory tailwinds, and a growing demand for first-time home ownership,” said Dhruv Kapoor, Partner at Anicut Capital. 

“Yet, legacy institutions often fall short in serving this segment with agility and empathy. Unico's differentiated model—combining deep regional insight with robust risk management—positions it as a new-age lender that can unlock real impact while delivering sustainable returns.”

“Our investment in Unico reflects our conviction in India's affordable housing story and in the team's ability to deliver impact and returns at scale,” said Mona Kachhwaha, Co-Founder and Partner at UC Impower. “We look forward to partnering with them as they expand access to housing finance for low-income families that have long been excluded by traditional lenders.”

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“We are pleased to welcome Anicut Capital and UC Impower as strategic investors in Unico Housing Finance,” said Vellingiri. “Their 120 crore investment is a strong endorsement of our vision, our digital first operating model and our commitment to expanding financial inclusion through affordable housing solutions.”

Unico Housing Finance serves self-employed and middle-income families, providing loans of ₹13–15 lakh for purposes like home construction or property-backed loans. The company runs entirely online and promises some of the fastest processing times in the industry.

Unico runs fully online and has expanded its branches quickly over just 18 months.

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