Why Weaver Services’ $170M Raise Marks a Turning Point in Affordable Housing Finance

Having tracked affordable housing finance for some time, I’m particularly excited by the news that Weaver Services has raised $170 million—approximately ₹1,482 crore—in a Series B round led by Lightspeed and Premji Invest, with participation from Gaja Capital.

What impresses me is how Weaver is deploying this capital. Their immediate plan involves asset acquisitions, with the initial anchor investment being the acquisition of Capital India Housing Finance; further acquisitions are in active evaluation. Simultaneously, the firm is building out its AI-driven underwriting models, leveraging alternative data to extend loans to self-employed borrowers—improving both inclusion and underwriting quality.

Beyond leveraging technology, Weaver is also targeting geographic expansion into Tier-2 and Tier-3 cities, where the demand-access gap is greatest. The leadership team—anchored by Satrajit Bhattacharya and Anil Kothuri, both housing finance veterans—brings credibility and execution capability essential for this play. 

In short, Weaver’s funding signals strong investor conviction in its potential to democratize housing finance through tech, AI, and scale. From my vantage point, this is a strategic bet on financial inclusion at a critical crossroads—and one that could redefine how underserved Indians access home ownership.