Weaver Services, a housing finance platform, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital.
The company said the funds will be used to buy assets, upgrade its technology, and expand into tier-II and tier-III cities.
Founder and Vice Chairman Satrajit Bhattacharya also announced the appointment of Viswanathan N (Vishy) as the new Chief Financial Officer (CFO) of Weaver.
“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.
“India’s housing finance market remains under-penetrated, and Weaver’s AI-driven, tech-first approach positions it to democratize home ownership for millions. We are excited to partner with Satra, Anil, and the exceptional team to reimagine the housing finance landscape,” said Anuvrat Jain, Principal – Growth Investments, Lightspeed.
“The acquisition of Capital India Housing Finance marks an important first step. We see a significant opportunity to back platforms like Weaver that combine technology and scalability to drive inclusive mortgage solutions,” said Saravanan Nattanmai, Partner, Premji Invest.
Gopal Jain, Managing Partner, Gaja Capital, added, “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 for the next phase of inclusive growth.”
Weaver was founded by Satrajit Bhattacharya and Anil Kothuri to build a next-generation housing finance platform.
The company uses AI-driven workflows and alternative data to serve India’s underserved housing finance market, focusing on self-employed and informal borrowers.
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