Weaver Services, a tech-driven housing finance platform focused on transforming affordable home lending in India, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. The investment will fuel Weaver’s mission to address the housing finance needs of underserved segments, especially self-employed individuals in tier-2 and tier-3 cities.
The fresh capital will accelerate the company’s growth plans, including the acquisition of new assets, advancement of its proprietary technology infrastructure, and expansion into regions with the highest demand-supply gaps in affordable housing. “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,” said Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services.
Weaver is building a next-generation housing finance platform by integrating AI-driven workflows and alternative data to create inclusive underwriting models. These models aim to speed up loan approvals while accurately assessing the creditworthiness of borrowers outside the formal economy.
As part of its scaling strategy, Weaver recently acquired Capital India Housing Finance to serve as the platform’s foundational asset. The company is also evaluating additional acquisitions to boost initial scale.
Anil Kothuri, Co-Founder and CEO of Weaver, emphasized the value of using digital tools to reach informal borrowers. “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,” he said.
Backers of the round expressed strong conviction in Weaver’s long-term potential. Anuvrat Jain, Principal – Growth Investments at Lightspeed, noted, “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.”
Saravanan Nattanmai, Partner at Premji Invest, added, “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.”
With experienced leadership and strong investor backing, Weaver is poised to reshape India’s affordable housing finance landscape through a tech-first, customer-centric approach.
