Weaver Services, a technology-led 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 deployed to acquire assets, strengthen its technology stack, and expand into tier-II and tier-III cities.
Founded by Satrajit Bhattacharya (Vice Chairman), Weaver is building a next-generation housing finance platform that leverages AI-driven underwriting models and alternative data to serve India’s underserved affordable housing segment, particularly self-employed individuals.
Weaver previously acquired Capital India Housing Finance as its anchor asset and is exploring further acquisitions to accelerate growth.
The platform competes with established housing finance companies such as HDFC Ltd, LIC Housing Finance, Aavas Financiers, Home First Finance, and PNB Housing Finance.
The affordable housing finance sector has seen strong investor interest in recent months. In December, Vastu Housing raised $100 million from Prosus, while Easy Home Finance raised $35 million led by Ranjan Pai’s family office. In September last year, Basic Home Loan raised $10.6 million in a Series B round, followed by Vridhi Home Finance, which secured $35 million in October led by Norwest Venture Partners.
Satrajit Bhattacharya, Founder & Vice Chairman, Weaver Services, said:
“Our mission is to bridge the credit gap for underserved households through a tech-first, data-driven approach. This funding enables us to scale responsibly and reach deeper into India’s growing housing finance ecosystem.”
By: Arushi Agarwal
