Unico Housing Finance Raises Rs. 120 Cr for Expansion

Unico Housing Finance, one of India’s fastest-growing housing finance companies, has secured Rs. 120 crore in funding from Anicut Capital and UC Impower to accelerate its expansion into Tier 2 and Tier 3 cities.

This infusion takes Unico’s net worth beyond Rs. 210 crore, strengthening its capital base and enabling the company to serve more self-employed and middle-income borrowers across seven states. Launched in December 2023, Unico has witnessed rapid growth, scaling to 86 branches and achieving Rs. 500 crore in assets under management (AUM) within just 18 months.

Key Highlights

• Unico raises Rs. 120 Cr from Anicut Capital & UC Impower
• Expanding into Tier 2 & 3 cities with 86-branch network
• AUM grows to Rs. 500 Cr within 18 months of launch

The company offers a diverse product portfolio including home construction loans, home purchase loans, home improvement loans, and loans against property, with average ticket sizes between Rs. 13–15 lakh.

Investors have expressed strong confidence in Unico’s differentiated business model that combines regional market insight with disciplined risk management. With India’s affordable housing finance market projected to exceed $100 billion over the next decade, Unico is strategically positioned to benefit from the rising demand for first-time homeownership driven by urbanization and supportive government policies.

“Legacy institutions often fall short in serving this segment with agility and empathy,” said Dhruv Kapoor, Partner at Anicut Capital. “Unico is positioned as a new-age lender that can unlock real impact while delivering sustainable returns.”

“Our investment reflects our conviction in India’s affordable housing story and in Unico’s ability to scale impact and returns,” said Co-Founder Mona Kachhwaha. “We’re excited to support their mission to expand access for low-income families long excluded by traditional lenders.”

Also Read: Star Housing Finance Joins Vastu to Help 5K+ First-Time Homebuyers

This funding round marks a significant milestone for Unico as it continues to bridge the credit gap in India’s emerging housing finance sector, empowering underserved borrowers and driving inclusive homeownership.