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Weaver Services, a technology-first housing finance platform, has secured $170 million in a landmark funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. The investment is subject to regulatory approvals, said a statement by the company. The new capital will be deployed towards asset acquisitions, technology development, and expansion into Tier II and Tier III cities, where housing demand remains underserved.
“We aim to make housing finance more accessible 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, Weaver Services.
“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,” added Anil Kothuri, MD and CEO.
The Mumbai-based company recently acquired Capital India Housing Finance as its anchor asset and is evaluating additional acquisitions to accelerate scale. Lightspeed, which manages over $30 billion in AUM, and Premji Invest, the investment arm of Azim Premji’s endowment, said Weaver’s differentiated approach could reshape India’s housing finance market.
About Weaver
Weaver has been founded by Satrajit Bhattacharya (Founder and Vice Chairman, ex-HDFC veteran) and Anil Kothuri (MD & CEO, former FedFina, Edelweiss, and Citi). Weaver is building a next-generation platform that leverages AI-driven workflows and alternative data models to serve India’s vast underserved housing finance market—particularly self-employed and informal segment borrowers.