Bengaluru, August 19 – Weaver Services, a technology-led housing finance platform, has secured $170 million (₹1,417 crore) in a funding round led by Lightspeed and Premji Invest, with additional participation from Gaja Capital.
Building a next-gen housing finance platform
Founded by Satrajit Bhattacharya, Weaver Services aims to transform affordable housing finance through AI-driven underwriting models and alternative data. The platform is designed to serve India’s self-employed and underserved borrowers, a segment often overlooked by traditional lenders.
The company previously acquired Capital India Housing Finance as its anchor asset and is now exploring further acquisitions to accelerate growth.
Growth plans and market opportunity
The newly raised capital will be used to acquire housing finance assets, invest in technology, and expand operations across tier-II and tier-III cities, where demand for affordable housing is rising rapidly.
Weaver competes with established players like HDFC Ltd, LIC Housing Finance, Aavas Financiers, Home First Finance, and PNB Housing Finance. Yet, the company’s tech-led approach and focus on self-employed borrowers give it a differentiated edge.
Sector momentum
India’s housing finance sector has seen strong investor interest in the past year. Vastu Housing secured $100 million from Prosus in December, Easy Home Finance raised $35 million from Ranjan Pai’s family office, while Basic Home Loan and Vridhi Home Finance also closed funding rounds recently.
With favorable government policies and growing demand in non-metro markets, Weaver’s latest fundraise positions it as a strong challenger in the affordable housing finance space.
Follow StartupStoryIndia for the latest funding news, founder journeys, and insights shaping India’s startup ecosystem.
