Chennai-based Unico Housing Finance Personal Restricted has raised 120 crores (roughly $13 million) from Anicut Capital and has acquired UC Impower to develop its footprint in areas with development plans and underserved.
Following this injection, Unico’s web value exceeds 210 crores, offering a robust capital base to keep up a excessive development trajectory and deepen its presence within the inexpensive housing finance section.
Unico is a fast-growing housing finance firm providing a variety of merchandise, together with house building loans, house buy loans, house enchancment loans, and loans for property with a mean ticket dimension of 13-15 lark. The corporate primarily serves self-employed and underserved middle-income households with a give attention to first-time house consumers in Tier 2 and Tier 3 cities and small cities.
Since launching its operations in December 2023, Unico has emerged as one in all India’s fastest-growing HFCS, increasing to 86 branches in seven states, scaling its managed belongings (AUM) in simply 18 months, touching 500 crores.
“India’s inexpensive housing finance market is poised to over $100 billion over the following decade, from rising urbanization, regulatory tailwinds and rising demand for first-time householders. However legacy businesses typically assist this section with agility and empathy. Dhruv Kapoor, companion at Anikat Capital, stated:
Mona Kachhwaha, co-founder and companion of UC Impower, added: “The funding in Unico displays India’s inexpensive housing story and its perception within the crew’s skill to ship impression and returns on a big scale.
