Weaver Services, a technology-first housing finance platform dedicated to affordable housing in India, has successfully secured $170 million in a significant funding round. The investment was spearheaded by prominent firms Lightspeed and Premji Invest, marking a substantial commitment to the burgeoning sector. According to Weaver Services, the substantial proceeds from this funding round are earmarked for strategic acquisitions, advancements in technology development, and a focused expansion of its operational footprint across India's tier-2 and tier-3 cities.

This latest funding round for Weaver Services aligns with a broader trend of increased investment activity within the housing finance sector over the past year. Other notable entities that have recently raised funds include Vastu Housing Finance, Nivara Home Finance, and Ummeed Housing Finance, underscoring the growing investor confidence in India's housing finance market.

As part of its aggressive growth strategy, Weaver Services is actively evaluating additional acquisitions designed to further enhance its scale and market presence. The company's initial strategic move involved the acquisition of Capital India Housing Finance, which serves as its foundational anchor asset. Satrajit Bhattacharya, founder and vice chairman of Weaver Services, articulated the company's core mission: "Our aim is to make housing finance more accessible by leveraging technology and placing customers at the centre of our focus, thereby bringing in a new paradigm in the space."

Founded in 2024, Weaver Services is diligently constructing a next-generation housing finance business explicitly tailored to address the needs of India's vast underserved population, with a particular emphasis on self-employed individuals. The leadership team is formidable, with Bhattacharya, a seasoned housing finance veteran boasting three decades of experience at HDFC Ltd, leading the company alongside Anil Kothuri, who brings extensive leadership experience from roles at FedFina, Edelweiss, and Citi.

For Lightspeed and Premji Invest, this funding round represents a strategic and significant commitment to India's notably under-penetrated housing finance market. Anuvrat Jain, Principal, Growth Investments at Lightspeed, expressed optimism regarding the partnership, stating, "We believe that India’s housing finance market remains under-penetrated and represents a tremendous opportunity. Weaver’s deep domain expertise, AI-driven capabilities, and tech-first approach position them to democratize home ownership for millions of underserved Indians. We are excited to partner with Satra, Anil and the exceptional team to reimagine the housing finance landscape in India." Similarly, Saravanan Nattanmai, partner at Premji Invest, highlighted the strategic importance of the acquisition, noting, "The acquisition of Capital India Housing Finance by Weaver marks an important first step toward delivering frictionless, scalable, and inclusive mortgage solutions for underserved segments. This investment reflects our commitment to backing innovative platforms that use technology to drive meaningful, long-term impact in financial services."