Chennai-based Unico Housing Finance raises ₹120 crore Business News & Hub

Chennai-based Unico Housing Finance Private Limited has raised ₹120 crore (approximately $13 million) from Anicut Capital and UC Impower for its growth plans and expanding its footprint in underserved geographies.

Following this infusion, Unico’s net worth will cross ₹210 crore, providing a strong capital base to sustain its high growth trajectory and deepen its presence in the affordable housing finance segment.

Unico is a fast-growing housing finance company offering a wide range of products, including home construction loans, home purchase loans, home improvement loans, loan against property with an average ticket size of ₹13-15 lakh. The company primarily serves self-employed and underserved middle-income households, focusing on first-time home buyers in Tier 2 and Tier 3 cities and smaller towns.

Since commencing operations in December 2023, Unico has emerged as one of India’s fastest-growing HFCs, expanding to 86 branches across seven States and scaling its assets under management (AUM) in just 18 months, to touch ₹500 crore.

“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. 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,” said Dhruv Kapoor, Partner at Anicut Capital.

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.”