Weaver Services, a tech-driven housing finance platform based in India, has raised $170 million in a funding round led by Lightspeed and Premji Invest. The Mumbai-based company focuses on affordable housing and aims to expand across tier-2 and tier-3 cities.
Weaver Services, a housing finance company focused on affordable housing in India, has raised $170 million in a funding round led by Lightspeed and Premji Invest. The company, headquartered in Mumbai, leverages technology to provide mortgage solutions to underserved communities across the country.
Domestic private equity firm Gaja Capital, an existing investor, also participated in the round. Weaver said the funds will be used for acquisitions, technology upgrades, and expansion across tier-2 and tier-3 cities.
Weaver Services, founded in 2024, is building a next-generation housing finance business targeted at self-employed and underserved borrowers. It earlier acquired Capital India Housing Finance as its anchor asset. The company is led by housing finance veteran Satrajit Bhattacharya, former HDFC executive, and Anil Kothuri, who has held leadership roles at FedFina, Edelweiss, and Citi.
Our aim is to make housing finance more accessible by leveraging technology and placing customers at the centre of our focus.”
Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services
The funding comes amid growing interest in India’s housing finance sector, with companies like Vastu Housing Finance, Nivara Home Finance, and Ummeed Housing Finance also raising capital in the past year.
We believe that India’s housing finance market remains under-penetrated. Weaver’s tech-first approach positions them to democratize home ownership for millions of underserved Indians.”
Anuvrat Jain, Principal of Lightspeed
Weaver’s acquisition of Capital India Housing Finance marks an important step toward inclusive mortgage solutions. Our investment reflects our commitment to supporting innovative financial platforms.”
Saravanan Nattanmai, Premji Invest partner
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