Housing finance platform Weaver Services to raise Rs 1,482 crore from Lightspeed, Premji Invest

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Housing finance platform Weaver Services has signed agreements to raise $170 million (around Rs 1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with Gaja Capital participating. The round, subject to regulatory approvals, is among the largest recent bets on affordable housing finance.

Weaver, which positions itself as a technology-first platform, is targeting underserved segments, particularly self-employed individuals in tier-II and tier-III cities.

The company has already acquired Capital India Housing Finance as an anchor asset…



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Housing finance platform Weaver Services to raise Rs 1,482 crore from Lightspeed, Premji Invest



Housing finance platform Weaver Services has signed agreements to raise $170 million (around Rs 1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with Gaja Capital participating. The round, subject to regulatory approvals, is among the largest recent bets on affordable housing finance.

Weaver, which positions itself as a technology-first platform, is targeting underserved segments, particularly self-employed individuals in tier-II and tier-III cities.

The company has already acquired Capital India Housing Finance as an anchor asset…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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