Unitus Capital
Unitus Capital is a Bengaluru-headquartered boutique investment bank founded in 2008, providing equity, debt, M&A advisory, and fund administration services to financial inclusion, technology, and climate businesses across Asia, with $5B+ raised across 422+ deals.
- Company typePrivate
- Founded2008
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Unitus Capital does
Unitus Capital is a Bengaluru-headquartered boutique investment bank founded in July 2008 by the international non-profit Unitus Labs, operating a Mumbai office as well. The firm provides four core service lines: equity advisory (capital raising across the lifecycle from early-stage to IPO), debt and structured advisory, M&A advisory, and fund administration / back-office services. Its core proposition is impact-focused investment banking — it positions itself as a "tech-focused impact-first investment bank" using a proprietary 5-step Impact Measurement framework (Inclusivity, Scalability/Reach, Depth of Impact, Promoter Intent, Sustainability) to evaluate and articulate the social and environmental value of client businesses alongside financial returns. Vertically, Unitus has expanded into principal activities through two wholly-owned subsidiaries: UC Inclusive Credit (UCIC), an early-stage business lender, and UC Impower, an early-growth-stage private equity fund.
Unitus Capital's target segments are businesses in financial inclusion (microfinance, affordable housing, MSME finance, digital lending), technology (fintech, agritech, edtech, climate-tech), and climate (renewable energy, sustainable agriculture, climate adaptation). The firm serves a base of 50+ repeat clients across Asia and reports 422+ cumulative closed deals with US$5B+ facilitated capital, anchored by repeat placement relationships with development finance institutions (BII, Finnfund, FMO, Asian Development Bank), mainstream PE/VC (Fundamentum, Growtheum, TPG-affiliated investors), and impact funds. Its revenue model is primarily transaction-based: equity, debt, and M&A advisory fees structured as a percentage of deal value or fixed advisory fees, supplemented by fund administration professional services fees and principal returns from UCIC and UC Impower. Distribution is direct and sales-led, with ~40 bankers executing mandates, supported by content marketing (sector reports, Finolook debt newsletter, exit reports), industry event participation, and earned media in Indian business press.
The company is privately held, founder-led (CEO Eric Savage, ex-Citigroup and Salomon Brothers), and supported by a senior bench with bulge-bracket pedigree (Co-Chairman Narayan Ramachandran, former India CEO of Morgan Stanley; COO Ann Short, ex-Bank of America Securities COO). Unitus Capital has been ranked #1 Indian investment bank by deal volume multiple consecutive years (2014–2016 by Venture Intelligence) and was awarded No. 1 investment bank by VCCircle in 2022; per its Exit Report, the firm has facilitated 32 shareholder exits at a median IRR of 41% and median exit multiple of 6.5x.
Unitus Capital firmographics
Firmographics- Name
- Unitus Capital
- Legal name
- Unitus Capital
- Website
- https://unituscapital.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Unitus Capital is a Bengaluru-headquartered boutique investment bank founded in 2008, providing equity, debt, M&A advisory, and fund administration services to financial inclusion, technology, and climate businesses across Asia, with $5B+ raised across 422+ deals.
- Ownership category
- akta.pro rank
Unitus Capital industry classification
Industry- Product category
- Investment Banking
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), Depository Credit Intermediation (5221)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industry
- Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)
Keywords
Where Unitus Capital is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Unitus Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Equity Advisory: Raising equity capital for businesses across lifecycle stages from early stage to growth through IPO. The firm leverages investor relationships and structuring expertise to maximize engagement of impact-aligned investors and streamline capital raising execution.
- Debt Advisory and Structured Advisory: Providing innovative debt solutions to leverage capital and scale businesses. Works with diverse set of local and international debt investors including commercial banks, international development banks, boutique debt funds, impact funds and private investors.
- M&A Advisory: Partnership with clients for mergers and acquisitions, divestments, financial restructurings and other strategic matters. Deep understanding of client businesses and impact sectors enables innovative solutions.
- Fund Administration and Back Office Services: Comprehensive administrative and operational services for investment funds including accounting, financial reporting, NAV calculation, investor services, regulatory compliance, audit coordination, risk management, performance reporting, and tax reporting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based advisory services |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Unitus Capital product offering
Product offeringCore offering
Unitus Capital is a boutique investment bank providing Equity Advisory, M&A Advisory, Debt Advisory, and Fund Administration services to growth-stage companies and investors in the impact and sustainability space. It primarily serves clients in financial inclusion, climate, and technology sectors across India, executing capital raises, mergers and acquisitions, and structured debt transactions. The firm also operates subsidiaries (UC Inclusive Credit and UC Impower) that extend its offerings into credit and capacity-building services.
Product overview
Unitus Capital operates as a technology-focused impact-first investment bank offering a unified suite of financial services. The core offerings include Equity Advisory (capital raising across lifecycle stages), M&A Advisory (strategic transactions and restructurings), and Debt Advisory/Structured Advisory (innovative debt solutions). The company also operates two distinct sub-brands: UC Inclusive Credit (early-stage business lending) and UC Impower (early-growth-stage private equity fund). Supporting these is Fund Administration and Back Office Services providing comprehensive back-office support to investment funds. All services are focused on financial inclusion, climate, and technology sectors delivering social and environmental impact.
Differentiator
Problem solved
Functional benefit
Brands
- UC Inclusive Credit: Early-stage business lender in India
- UC Impower
- UCIC
- Finolook
Products and services
- Equity Advisory Capital-raising advisory for growth-stage companies, primarily through private equity and venture capital placements, for clients in financial inclusion, climate, and technology sectors. The service covers investor targeting, pitch preparation, valuation, due diligence support, and transaction closure. It is targeted at founders, boards, and CFOs of Indian growth-stage impact-oriented companies.
- M&A Advisory Buy-side and sell-side advisory services for mergers, acquisitions, and strategic transactions in the financial inclusion, climate, and technology sectors. Covers target identification, valuation, deal structuring, negotiation, and execution. Targeted at growth-stage companies and investors operating in or expanding into India.
- Debt Advisory Advisory on debt structuring, syndication, and execution for growth-stage companies, including structured credit facilities and lender coordination. Targets financial inclusion, climate, and technology borrowers needing tailored debt solutions beyond vanilla bank lending.
- Fund Administration Back-office fund administration services for impact investors and fund managers, including capital-flow tracking, investor reporting, compliance support, and operational administration for India-focused funds. Targeted at PE/VC funds, DFIs, and family offices with India or emerging-markets mandates.
Quantifiable outcome
- Raised more than US$5 billion for impact businesses
- +3 more outcomes
Companies that use Unitus Capital
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles2 records
Unitus Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Unitus Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Unitus LabscoreInternational NGO focused on innovative solutions to global poverty. Unitus Capital originated from Unitus Labs' capital markets initiative.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Unitus Capital competitors and assessment
Company assessmentBroad incumbents
- Axis Capital: Axis Capital is the investment-banking subsidiary of Axis Bank, providing equity capital markets, M&A, and structured finance advisory in India. A broader incumbent in the same Indian mid-market IB space; competes for IPO and large private placement mandates in financial services and impact sectors.
- Kotak Mahindra Capital Company: Kotak Mahindra Capital is the investment-banking arm of Kotak Mahindra Bank, providing M&A, ECM, and DCM advisory across Indian corporates. A broader incumbent competing for the same mid-market impact/financial-services mandates that Unitus Capital targets, but with much larger balance-sheet and distribution capabilities.
Direct peers
- Avendus Capital: Avendus is one of India's leading mid-market investment banks offering M&A, equity capital markets, and structured finance advisory across consumer, financial services, and technology. Comparable to Unitus Capital in deal-type and Indian mid-market focus, though broader in sector and larger in scale.
- Equirus Capital: Equirus is an Indian full-service investment bank with mid-market and emerging-company focus across M&A, equity, and debt advisory. A boutique-scale peer competing in the same Indian mid-market deal flow that Unitus Capital serves.
- Spark Capital Advisors: Spark Capital is a Mumbai-based mid-market Indian investment bank providing M&A, PE, and capital-raising advisory, with strong positioning in financial services and consumer. Comparable boutique scale and sector mix to Unitus Capital, though not impact-specialized.
- Vivriti Capital: Vivriti is an India-focused financial-inclusion investment bank and credit platform providing debt capital markets, advisory, and fund management for NBFCs and impact enterprises. Closely comparable to Unitus Capital in target client (NBFCs, MFIs, financial inclusion) and product (debt advisory plus fund administration).
- Intellecap (Aavishkaar Group): Intellecap is an India-based impact-focused advisory firm and part of the Aavishkaar Group, providing investment banking, advisory, and capital-raising services to enterprises in financial inclusion, clean energy, agriculture, and health. Most direct comparable to Unitus Capital in mission, geography, and product offering; notably also hires alumni of Unitus (Nikesh Jain).
- Caspian Financial Services: Caspian is an India-based boutique investment bank providing equity and debt capital raising plus M&A advisory to mid-market and emerging companies, with notable activity in financial services and impact sectors. Closely comparable boutique Indian IB peer to Unitus Capital.
Emerging players
- BlueOrchard Finance: BlueOrchard is a global impact investment manager focused on financial inclusion and climate, originating and structuring deals across emerging markets including India. Comparable in mission and DFI-aligned capital, though operates more as an investor than an advisor; an emerging counterparty in Unitus Capital's deals.
Others
- Samunnati Financial Intermediation: Samunnati is an Indian agri-finance and financial-inclusion NBFC that has been a Unitus Capital client and ecosystem participant. While not a peer bank, it is a key transaction counterparty and a representative example of the impact-segment clients Unitus Capital serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Unitus Capital social profiles
Digital presenceUnitus Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Unitus Capital leadership team
Management profileNumber of profiles
Unitus Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Unitus Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Unitus Capital M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Unitus Capital
What does Unitus Capital do?
Unitus Capital is a boutique investment bank providing Equity Advisory, M&A Advisory, Debt Advisory, and Fund Administration services to growth-stage companies and investors in the impact and sustainability space. It primarily serves clients in financial inclusion, climate, and technology sectors across India, executing capital raises, mergers and acquisitions, and structured debt transactions. The firm also operates subsidiaries (UC Inclusive Credit and UC Impower) that extend its offerings into credit and capacity-building services.
Is Unitus Capital a public or private company?
Unitus Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Unitus Capital founded?
Unitus Capital was founded in 2008. It employs 11 to 50 people.
Where is Unitus Capital based?
Unitus Capital is headquartered in Bangalore, India, in the Asia region.
How does Unitus Capital make money?
Four revenue lines are on record. Equity Advisory is the primary driver. The others are debt Advisory and Structured Advisory, M&A Advisory and fund Administration and Back Office Services.
Who are Unitus Capital's main competitors?
Broad incumbents on record are Axis Capital and Kotak Mahindra Capital Company. Direct peers are Avendus Capital, Equirus Capital, Spark Capital Advisors, Vivriti Capital, Intellecap (Aavishkaar Group) and Caspian Financial Services. BlueOrchard Finance is listed as an emerging player. Samunnati Financial Intermediation is listed as an others.
Does Unitus Capital have an API?
No public API is recorded for Unitus Capital.
What industry is Unitus Capital in?
Unitus Capital's product category is Investment Banking. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of BPADACAJ, Private Sector & Blended Finance Arms (IFC-type). Its NAICS code is 523940 and its SIC code is 6282.