Weaver Services, a technology-first housing finance platform, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital.
The funds raised will be used for asset acquisition, fund technology development, and expanding reach across tier-2 and tier-3 cities where the affordable housing gap is most acute. Earlier, Weaver acquired Capital India Housing Finance as an anchor asset for the platform.
Founded by Satrajit Bhattacharya and Anil Kothuri, Weaver Service is building a next-generation housing finance platform through the use of technology and AI-driven workflows to serve India’s vast underserved affordable housing segment with a focus on self-employed individuals.
The company offers innovative home loan products tailored for both salaried and self-employed individuals, with a special focus on Tier 2 and Tier 3 cities.
Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services, said, “We aim to make housing finance more accessible to the people of India by leveraging technology and placing customers at the centre of our focus thereby bringing in a new paradigm in the space.”
Anil Kothuri, MD and CEO of Weaver Services, said, “There is a clear opportunity to use technology mindfully to offer home loans to the informal segment, while achieving better customer selection, superior risk management, and enhanced productivity.”
Anuvrat Jain, Principal – Growth Investments, Lightspeed, said, “We believe that India’s housing finance market remains under-penetrated and we see it as a tremendous opportunity. Weaver’s combination of deep domain expertise, AI-driven capabilities, and a tech-first approach that positions them to democratize home ownership for millions of underserved Indians. At Lightspeed, we partner with bold, visionary founders with conviction to build extraordinary category-leading companies. We are excited to partner with Satra, Anil and the exceptional team to reimagine the housing finance landscape in India.”
Saravanan Nattanmai, Partner, Premji Invest, said, “At Premji Invest, we see a significant opportunity to leverage technology to transform the affordable housing finance sector in India. The acquisition of Capital India Housing Finance by Weaver Services marks an important first step toward delivering frictionless, scalable, and inclusive mortgage solutions for underserved segments. This investment reflects our commitment to backing differentiated and innovative platforms that use technology to drive meaningful, long-term impact in financial services.”
Gopal Jain, Managing Partner, Gaja Capital, said, “Weaver is addressing a deep-rooted gap in India’s housing finance ecosystem with a tech-led, customer-first approach. Their sharp focus on the self-employed segment, combined with disciplined execution, positions them well to emerge as a leader in the next phase of inclusive growth in financial services.”
