PE-VC Fund Investments
Affordable home loans player Unico raises Rs.120-Cr from Anicut Capital, UC Impower
Chennai-based Unico Housing Finance Pvt Ltd has raised INR 120 crore in equity from Anicut Capital and UC Impower to expand its footprint in the affordable housing finance market.The new funds will be used to boost the firm’s net worth beyond INR 210 crore and help scale its operations across Tier II and Tier III cities.Founded in 2023, Unico focuses on self-employed and middle-income households with average loan sizes between INR 13 lakh and INR 15 lakh, offering products ranging from home construction loans to loans against property. It operates 86 branches across seven states and claims to have built assets under management of about INR 500 crore.InteQuant Advisors acted as the exclusive financial advisor to the transaction.
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