Chennai-based Unico Housing Finance has raised INR 120 crore from Anicut Capital and UC Impower.
With this funding, the company’s net worth will cross INR 210 crore (about US$23.8 million), which will support its plans to expand in India’s tier II and III cities.
Launched in December 2023, Unico Housing Finance has quickly grown to 86 branches in seven states and built assets of around INR 500 crore in just 18 months.
“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.”
“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, offering loans of ₹13–15 lakh for home construction or property-backed purposes.
The company operates fully online and offers some of the fastest loan processing times in the industry.
Unico runs fully online and has expanded its branches quickly over just 18 months.
Read more- Japan Unveils AI Basic Plan to Boost Use in Public Institutions
