Weaver Services, a technology-first housing finance platform, has raised $170 million in its latest funding round, co-led by Lightspeed and Premji Invest, with participation from Gaja Capital. The investment aims to revolutionize affordable housing finance in India through cutting-edge technology and AI-driven solutions.
Weaver’s Mission
Weaver is building a next-generation housing finance platform with a strong focus on India’s underserved affordable housing segment, especially targeting self-employed individuals who often face challenges in accessing credit through traditional models.
Strategic Moves So Far
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Acquisition of Capital India Housing Finance as an anchor asset to kickstart operations.
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Plans to acquire additional assets to build initial scale and strengthen market presence.
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Expanding into tier-2 and tier-3 cities, where the affordable housing gap is most pressing.
How Technology is Driving Change
Weaver’s platform is powered by AI-driven underwriting models and alternative data insights, enabling:
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Faster loan approvals
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Inclusive lending for underserved segments
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Better risk management and customer selection
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Enhanced productivity in housing finance operations
Experienced Leadership at the Helm
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Satrajit Bhattacharya, Founder & Vice Chairman – an industry veteran with three decades at HDFC Ltd.
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Anil Kothuri, Co-Founder & CEO – brings 30 years of financial services experience from FedFina, Edelweiss, and Citi.
Both leaders aim to place customers at the center of housing finance by combining deep domain expertise with transformative technology.
What the Leaders Say
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Satrajit Bhattacharya, Founder & Vice Chairman, Weaver Services:
“We aim to make housing finance more accessible by leveraging technology and keeping customers at the core of everything we do.” -
Anil Kothuri, MD & CEO, Weaver Services:
“There is a clear opportunity to serve the informal segment with mindful use of technology, achieving better customer selection, superior risk management, and greater productivity.”
Investor Perspectives
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Anuvrat Jain, Principal – Growth Investments, Lightspeed:
“India’s housing finance market remains under-penetrated. Weaver’s blend of AI-driven capabilities and domain expertise positions them to democratize home ownership for millions.” -
Saravanan Nattanmai, Partner, Premji Invest:
“We see a significant opportunity to transform affordable housing finance. Weaver’s acquisition of Capital India Housing Finance is a crucial first step toward building inclusive mortgage solutions.”
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