Team Startupcity

• Weaver Services raised $170 million in a funding round with Lightspeed and Premji Invest at the helm, along with participation from Gaja Capital.
• Funds will accelerate asset acquisition, tech development, and expand reach in tier-2 and tier-3 cities using AI-driven underwriting for inclusive lending.
• With Satrajit Bhattacharya and Anil Kothuri at the helm, Weaver focuses on making housing finance accessible to self-employed and underserved segments.

Weaver Services, a technology-first housing finance platform, has announced that it has executed definitive transaction documents to raise $170 million in a landmark investment round, with Lightspeed and Premji Invest leading and Gaja Capital participating. The round is subject to regulatory approvals.

The company is building a next-generation housing finance platform that uses technology and AI-driven workflows to address India’s underserved affordable housing segment. Weaver is focusing on self-employed individuals, a group that often finds it difficult to access traditional home loans. Earlier, Weaver acquired Capital India Housing Finance as an anchor asset for its platform. The company is also considering the acquisition of another asset for initial scale and is evaluating multiple options.

The new funding will accelerate Weaver’s asset acquisition, strengthen technology development, and expand its reach across tier-2 and tier-3 cities. These regions face the greatest affordable housing gap, and Weaver plans to address this challenge with proprietary tech-driven underwriting models. The company’s platform leverages alternative data to assess creditworthiness, going beyond traditional parameters to enable faster approvals and more inclusive lending.

The leadership team at Weaver brings decades of financial services experience. Founder and Vice Chairman, Satrajit Bhattacharya, has over 30 years of experience at HDFC Ltd. Alongside him, Co-Founder and CEO, Anil Kothuri, has three decades of expertise from leadership roles at FedFina, Edelweiss, and Citi.

Sharing his vision, Bhattacharya said, “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”.

Kothuri added, “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”.

The investment represents a strong partnership with Lightspeed and Premji Invest, two firms with a history of investing in India for the past two decades. Lightspeed, a global multi-stage investment firm with over $30 billion in assets under management, has a proven record of backing entrepreneurs who create category-defining companies.

Anuvrat Jain, Principal - Growth Investments at Lightspeed, said, “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. At Lightspeed, we partner with bold, visionary founders with conviction to build extraordinary category leading companies. We are excited to partner with Satra, Anil and the exceptional team to reimagine the housing finance landscape in India”.

Premji Invest also shared its conviction in Weaver’s mission. Saravanan Nattanmai, Partner at Premji Invest, said, “At Premji Invest, we see a significant opportunity to leverage technology to transform the affordable housing finance sector in India. 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. This investment reflects our commitment to backing differentiated and innovative platforms that use technology to drive meaningful, long-term impact in financial services”.

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Backing Weaver’s vision further, Gopal Jain, Managing Partner at Gaja Capital, said, “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 to emerge as a leader in the next phase of inclusive growth in financial services”.

With this landmark funding round, Weaver Services is set to drive innovation and inclusion in India’s housing finance sector, combining technology with deep market expertise to empower millions of underserved homebuyers.