Weaver Services
Overview
Weaver Services is a technology-based housing finance platform that focuses on providing affordable housing solutions in India. It was founded in April 2024 by Satrajit Bhattacharya and Anil Kothuri, with headquarters located in India. The company recently raised $170 million in a notable investment round led by Lightspeed and Premji Invest, along with participation from Gaja Capital. Weaver Services aims to bridge the housing credit gap, particularly targeting self-employed individuals who are often underserved by traditional housing finance institutions.
Recent Developments
- August 2025: Weaver Services secured $170 million in funding to modernize affordable housing finance using AI-driven underwriting and digital lending infrastructure. The funding round was led by Lightspeed and Premji Invest, with Gaja Capital participating. These funds are set to enhance Weaver's acquisitions strategy, boost technology development, and expand its reach within Tier II and III cities in India.
- August 12, 2025: Weaver completed its acquisition of Capital India Home Loans Ltd. for ₹267 crore, securing all necessary regulatory approvals. This acquisition marks Weaver’s formal entry into India's affordable housing finance sector, aiming to roll out a tech-centric platform targeted at self-employed and underserved borrowers in Tier II and III cities.
- January 2025: Weaver announced plans to expand across India, opening four offices in key cities such as Kochi, Coimbatore, and Bengaluru. This geographic expansion aligns with Weaver's strategy to increase its market footprint and enhance accessibility for affordable housing finance.
- October 2024: Weaver originally declared its intention to acquire Capital India Home Loans Ltd. as part of its strategic entry into the affordable housing market segment, indicative of its broader goal to enhance financial inclusivity using advanced technological models.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | April 2024 |
| Headquarters | India |
| Founders | Satrajit Bhattacharya, Anil Kothuri |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Lightspeed, Premji Invest, Gaja Capital |
| Industry | Housing Finance |
| Number of Employees | Not disclosed |
Early History
Weaver Services was founded in 2024 by Satrajit Bhattacharya and Anil Kothuri, both veterans in the financial services sector with expansive experience in institutions like HDFC, FedFina, and Citi. The company was born out of a vision to address the significant gap in the housing finance market for self-employed individuals and those without formal incomes, who are generally excluded from conventional financial services. Weaver's inauguration into the domain was marked by its commitment to innovate through technology, employing AI-driven workflows and leveraging non-traditional data for credit assessments.
Company Profile and Achievements
Weaver Services operates as a cutting-edge housing finance platform dedicated to serving underserved segments in India. By focusing on tech-first solutions and AI-driven underwriting models, the company assesses creditworthiness using alternative data, providing faster approval times and more inclusive lending opportunities.
- Founding Vision: Addressing the housing finance gap among self-employed individuals and informal income workers in India.
- Innovative Approach: Employing AI and digital infrastructure for unbiased, comprehensive credit evaluations, enabling broader financial inclusion.
- Major Achievements:
- Successfully raised $170 million in a high-profile investment round led by established investors.
- Acquisition of Capital India Home Loans Ltd., strengthening Weaver's asset base and market position in affordable housing.
- Expansion into Tier II and III cities to broaden the availability of housing finance to more communities.
- Strategic Partnerships: Engagements with leading investors positioning Weaver as a formidable player in reshaping India's housing finance landscape.
Current Operations and Market Position
Currently, Weaver Services is in the process of scaling up through strategic acquisitions and expansions. Its primary focus is improving access to affordable housing finance for underserved demographics in India, particularly targeting Tier II and III urban areas. With the latest funding, Weaver is poised to amplify its technological infrastructure, further embed AI-driven solutions, and pursue additional acquisitions to accelerate growth. The platform's commitment to combining local market knowledge with technology-driven processes sets it apart in its capacity to inclusively serve India's vast needs in affordable housing finance.
Conclusion
Weaver Services is a pioneering force in the transformation of housing finance in India. By leveraging robust technological advancements and a deep understanding of the credit landscape for underserved markets, Weaver aims to democratize access to affordable housing. With the strategic backing from impactful investors, its trajectory suggests a future as a leader in inclusive finance, addressing long-standing market gaps and empowering millions in the informal sector to secure stable housing. As Weaver continues to expand and innovate, it has the potential to significantly influence the broader finance ecosystem, setting new precedents in financial inclusion and technological integration in housing finance.