Premji Invest and Lightspeed Lead $170M Round in India’s Weaver Services
- Weaver Services raised $170 million from Premji Invest, Lightspeed, and Gaja Capital to drive AI-powered affordable housing finance across India.
- The platform uses technology and alternative data to streamline approvals and reach underserved homebuyers in tier-2 and tier-3 cities.
- Leadership with deep financial expertise and strategic acquisitions positions Weaver to scale rapidly in India’s housing market.
Weaver Services, a technology-first housing finance platform focused on transforming affordable lending in India, has raised $170 million in a funding round led by Premji Invest and Lightspeed, with participation from Gaja Capital.
The new capital will help Weaver expand its reach into tier-2 and tier-3 cities and accelerate efforts to bridge the affordable housing gap—especially for self-employed and informal sector borrowers.
Weaver leverages AI-driven workflows and alternative data to assess creditworthiness, offering faster, more inclusive home loan approvals compared to traditional banks.
The startup’s tech-centric model enables tailored underwriting, superior risk management, and improved productivity.
As part of its growth strategy, Weaver previously acquired Capital India Housing Finance and is evaluating additional asset purchases for rapid scaling.
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Guided by founder and Vice Chairman Satrajit Bhattacharya—an HDFC Ltd. veteran—and CEO Anil Kothuri, a seasoned financial services leader, Weaver aims to democratize home ownership for millions.
“Our goal is to make housing finance more accessible by leveraging technology and customer-centric innovation,” said Bhattacharya.
Investors see a significant opportunity:
“India’s mortgage market is under-penetrated, and Weaver’s unique combination of deep domain expertise and AI-driven capabilities can address longstanding gaps,” noted Anuvrat Jain, Principal - Growth Investments, Lightspeed.
Premji Invest partner Saravanan Nattanmai emphasised that their investment and Weaver’s acquisition of Capital India Housing Finance mark key steps toward scalable, frictionless mortgage solutions for India’s underserved.
Edited by Annette George
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