Weaver Services Raises $170M to Expand Affordable Housing Finance in India

Weaver Services, a technology-first housing finance platform in India, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. The capital will be used to accelerate asset acquisitions, enhance technology development, and expand operations into Tier 2 and Tier 3 cities, focusing on underserved affordable housing segments, particularly self-employed individuals. Weaver leverages AI-driven workflows and alternative data for underwriting to enable faster approvals and more inclusive lending beyond traditional credit parameters. The company, founded by industry veterans Satrajit Bhattacharya and Anil Kothuri, recently acquired Capital India Housing Finance as an anchor asset and is evaluating further acquisitions to scale its loan book. Investors highlighted Weaver's potential to democratize home ownership in India’s under-penetrated housing finance market by combining deep domain expertise with innovative technology. The funding underscores growing investor interest in housing finance companies targeting India’s affordable housing gap amid a competitive landscape.