Weaver Services, a Housing Finance platform founded by Satrajit Bhattacharya (Vice Chairman), and Anil Kothuri (MD & CEO) is building a next-gen platform that leverages AI-driven workflows and alternative data model to serve India’s vast underserved housing finance market-particularly self-employed and informal segment borrowers. Satrajit Bhattacharya said, “We aim to make housing finance more accessible by leveraging technology and placing customers at the centre of our focus, thereby bringing in a new pardigm in the space”. To this, Anil Kothuri added, “There is a clear opportunity to use technology mindfully to offer home loans to the informal segment, while achieving better customer selection, superior risk management, and enhanced productivity”.
Anuvrat Jain, Principal-Growth Investments, Lightspeed said, “India’s housing finance market remains under penetrated, and Weaver’s AI-driven, tech-first approach positions it to democratize home ownership for millions. We are excited to partner with Satra, Anil, and the exceptional team to reimagine the housing finance landscape”. To this, Saravanan Nattanmai, Partner, Premji Invest added, “The acquisition of Capital India Housing Finance marks an important first step. We see a significant opportunity to back platforms like Weaver that combine technology and scalability to drive inclusive mortgage solutions”. Gopal Jain, Managing Partner, Gaja Capital continued, “Weaver is addressing a deep-rooted gap in India’s housing finance ecosystem with a tech-led, customer-first approach. Their sharp focus on the self-employed segment, combined with disciplined execution, positions them well for the next phase of inclusive growth”.
The funding acquired will be deployed towards asset acquisitions, technology development, and expansion into Tier II and Tier III cities, where housing demands remain underserved. The Mumbai-based company recently acquired Capital India Housing Finance as its anchor asset and is evaluating additional acquisitions to accelerate scale. This was a landmark funding round led by Lightspeed and Premji Invest with participation from Gaja Capital.
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