Weaver Raises $170M to Scale AI-Powered Housing Finance in India

Satrajit Bhattacharya

Weaver Services, a technology-led housing finance platform, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. 

The proceeds will be used to acquire assets, strengthen technology, and expand into tier-II and tier-III cities.

Led by founder and vice chairman Satrajit Bhattacharya, Weaver is building a next-generation housing finance platform using AI-driven underwriting models and alternative data to serve India’s underserved affordable housing segment, especially self-employed individuals. 

The company had earlier acquired Capital India Housing Finance as its anchor asset and is evaluating more acquisitions to scale faster. 

Weaver operates in a competitive space alongside established housing finance companies such as HDFC Ltd, LIC Housing Finance, Aavas Financiers, Home First Finance, and PNB Housing Finance. 

Housing finance companies have attracted significant funding in the past 12 months. In December, Vastu Housing raised $100 million from Prosus while Easy Home Finance raised $35 million led by Ranjan Pai’s family office and other investors. In September last year, home finance startup Basic Home Loan raised $10.6 million in a Series B funding round. In October, Vridhi Home Finance also raised $35 million in a round led by Norwest Venture Partners.

Source: Entrackr