Funding
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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