Housing finance platform Weaver Services to raise Rs 1,482 crore from Lightspeed, Premji Invest

Housing finance platform Weaver Services has signed agreements to raise $170 million (around Rs 1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with Gaja Capital participating. The round, subject to regulatory approvals, is among the largest recent bets on affordable housing finance.

Weaver, which positions itself as a technology-first platform, is targeting underserved segments, particularly self-employed individuals in tier-II and tier-III cities.

The company has already acquired Capital India Housing Finance as an anchor asset for the platform. It is expected to acquire another asset for initial scale and is currently evaluating a few assets for this purpose.


Weaver noted that the investment will accelerate its asset acquisition, fund technology development, and expand its reach across tier-II and tier-III cities.

"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." said Anil Kothuri, managing director and CEO of Weaver Services.

Weaver is led by founder and vice chairman Satrajit Bhattacharya, a former HDFC Ltd. executive, and Kothuri, who has previously held senior roles at FedFina, Edelweiss, and Citi. The company said it is building AI-driven underwriting models that rely on alternative data to assess creditworthiness, aiming to make loan approvals faster and more inclusive.

“We believe that India's housing finance market remains under-penetrated and we see it as a tremendous opportunity,” said Anuvrat Jain, principal – growth investments at Lightspeed. “Weaver’s combination of deep domain expertise, AI-driven capabilities, and a tech-first approach … positions them to democratize home ownership for millions of underserved Indians.”