Unico Housing Finance Raises INR 55 Crore in Follow-On Round
Anicut Capital, an alternative asset management company managing multiple AIFs across both debt and equity strategies, has led a follow-on funding round of INR 55 crore in Unico Housing Finance, alongside existing investor UC Impower. The fresh capital will support Unico’s next phase of growth by strengthening its balance sheet, enhancing operational capabilities, and enabling the company to scale in a calibrated and sustainable manner.
Since the initial investment by Anicut and UC Impower, Unico has grown its AUM to over INR 730 crore as of 30th June 2026, supported by its existing branch network, a strengthened leadership team and robust underwriting and risk management capabilities. This follow-on investment will further reinforce Unico’s capital base, positioning it to capitalise on the significant opportunities in India’s rapidly expanding affordable housing finance market while maintaining its strong focus on asset quality, profitability, and long-term value creation.
As supportive policy initiatives continue to reshape the housing landscape, home ownership is becoming an increasing aspiration for millions of Indian families. At the same time, mortgage penetration in India remains significantly below that of many developed economies, highlighting a substantial long-term opportunity for specialised housing finance institutions that can responsibly serve this growing customer base. India's affordable housing segment is expected to remain one of the strongest drivers of credit growth over the coming decade, fuelled by favourable demographics, formalisation of income, digital adoption and increasing access to financial services. Customers are increasingly seeking lenders that combine speed, transparency and local market understanding with prudent underwriting, creating a significant opportunity for agile, technology-enabled housing finance companies.
Commenting on the investment, Dhruv Kapoor, Partner, Anicut Capital, said, “At Anicut, we believe the most meaningful businesses are those that solve real problems for large, underserved segments of the population. Affordable housing finance remains one of India's most significant unmet needs, particularly for self-employed individuals and first-time home buyers who have the aspiration and ability to own a home but often remain underserved by the formal financial system. 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.
Over the past year, the team has demonstrated discipline while building a strong foundation for sustainable growth, anchored in responsible lending and a relentless focus on customer needs. We are delighted to deepen our partnership with Unico as it expands its reach, enables more families to achieve the dream of home ownership, and builds an enduring institution that creates lasting value for customers and stakeholders alike.”
Speaking on the investment, Mona Kachhwaha, Partner and Co-Founder, UC Impower said, “At UC Impower, affordable housing finance is central to our 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. This follow-on investment reflects our conviction in the team, the business model and the long-term opportunity. We believe Unico has built a strong foundation for scalable growth and is well positioned to become a leading affordable housing finance institution while expanding access to home ownership for underserved families across India.”
Commenting on the occasion, Babu Vellingiri, Managing Director & CEO, Unico Housing Finance, said, “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 since inception. As we enter our next phase of growth, our focus remains on expanding responsibly, strengthening our technology and distribution capabilities, and delivering seamless housing finance solutions that enable more families to realise their dream of home ownership. We believe the opportunity ahead is significant, and this investment provides us with the capital and long-term partnership needed to build a scalable, resilient and customer-centric institution.”
