Unico Housing Finance Secures ₹55 Cr for Growth

Unico Housing Finance has successfully closed a significant follow-on funding round, securing INR 55 crore. The investment was spearheaded by alternative asset manager Anicut Capital, with participation from existing investor UC Impower. This capital infusion is earmarked to bolster Unico's financial foundation, enhance its operational capacity, and fuel a strategic expansion within India's burgeoning affordable housing sector.

The fresh capital injection arrives as Unico Housing Finance demonstrates robust growth, having expanded its Assets Under Management (AUM) to over INR 730 crore as of June 30, 2026. This expansion has been underpinned by a strengthened leadership team, a well-established branch network, and sophisticated underwriting and risk management protocols. The latest funding will further fortify the company's capital base, positioning it to capitalize on the substantial opportunities presented by the increasing demand for homeownership among Indian families.

India's housing finance market, particularly the affordable segment, presents a compelling long-term growth narrative. Despite increasing aspirations for homeownership, mortgage penetration remains considerably lower than in developed economies, indicating a vast, underserved market. Favorable demographics, the formalization of incomes, widespread digital adoption, and improved access to financial services are projected to drive credit growth in this segment for the next decade. Specialized lenders like Unico, capable of combining speed, transparency, and localized market insight with prudent risk assessment, are well-positioned to thrive.

Dhruv Kapoor, Partner at Anicut Capital, emphasized the firm's commitment to businesses addressing critical societal needs. "Affordable housing finance remains one of India's most significant unmet needs, particularly for self-employed individuals and first-time homebuyers," Kapoor stated. "We believe institutions that can responsibly bridge this gap will play an important role in advancing financial inclusion and contributing to India's long-term economic development." He further noted Unico's demonstrated discipline and focus on customer needs over the past year, reinforcing Anicut's confidence in deepening their partnership.

Echoing this sentiment, Mona Kachhwaha, Partner and Co-Founder of UC Impower, highlighted the strategic alignment with their impact investment thesis. "Access to formal housing credit remains one of India’s most underserved needs, and Unico Housing Finance is addressing this gap through a disciplined, customer-centric approach," Kachhwaha commented. "This follow-on investment reflects our conviction in the team, the business model, and the long-term opportunity." UC Impower sees Unico as poised to become a leading institution in expanding homeownership access.

Babu Vellingiri, Managing Director & CEO of Unico Housing Finance, expressed gratitude for the continued backing. "The continued support from Anicut Capital and UC Impower Fund is a strong validation of the business we are building and the progress we have made," Vellingiri said. "Our focus remains on expanding responsibly, strengthening our technology and distribution capabilities, and delivering seamless housing finance solutions." He anticipates that this investment will provide the necessary capital and partnership to build a scalable, resilient, and customer-centric institution.