Alternative asset management firm Anicut Capital has led a follow-on funding round of Rs 55 crore ($5.7 million) in Unico Housing Finance Pvt Ltd, alongside existing investor UC Impower, the companies said in a statement.
The proceeds from the fundraise 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, the non-bank lender said.
Unico, which had assets under management (AUM) of over Rs 730 crore as of June 30, 2026, said the follow-on investment will help it to reinforce its capital base, positioning it to capitalise on the opportunities in India’s affordable housing finance market while maintaining its focus on asset quality and profitability.
“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,” said Babu Vellingiri, managing director & chief executive officer, Unico.
Previously, in September, 2025, Unico raised Rs 120 crore (around $13 million) from Anicut Capital and UC Impower. The funding, of which the major part was from Anicut’s latest private equity vehicle, was intended to accelerate Unico’s growth and deepen its presence in the affordable housing segment. Later, the housing finance company appointed a banker to raise a larger round of capital, VCCircle reported previously.
“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,” said Dhruv Kapoor, partner, Anicut Capital.
Chennai-based Unico offers home loans with an average ticket size of Rs 13-15 lakh to lower and middle-income customers. It operates through 86 branches in seven states. Set up in 2023, Unico focusses on first-time buyers in tier-2 and tier-3 cities, as well as smaller towns.
The company’s net loss widened to around Rs 47 crore in the financial year ended March 2025 from nearly Rs 16 crore the year before, as total expenses nearly quadrupled to Rs 83 crore, according to company data. Its net loss narrowed to Rs 44.2 crore in FY26, according to its annual report.