Unico Housing Finance Private Limited, one of India’s fastest growing Housing Finance Company raised Rs. 120 crore from Anicut Capital and UC Impower. This fresh capital combined with Unico’s net worth will cross Rs. 210 crore. This will provide a strong capital base for its ambitious goals of expanding its footprint in underserved geographies.
Unico Housing Finance commenced operations in December 2023, now expanding its stores to 86 branches across seven states and scaling its assets under management AUM in just 18 months to touch Rs. 500 crore. The company offers a wide range of products, including home construction loans, home purchase loans, and home improvement loans. The company primarily serves self-employed and underserved middle-income households, focusing on first-time home buyers in Tier 2 and 3 cities and smaller towns.
Dhruv Kapoor, Partner at Anicut Capital said, “India’s affordable housing finance market is poised to exceed $100 billion over the next decade, driven by rising urbanization, regulatory tailwinds, and a growing demand for first-time home ownership. 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“.
Mona Kachhwaha, Co-Founder and Partner at UC Impower, added, “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. 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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