Weaver Services to Raise ₹1,482 Crore from Lightspeed, Premji Invest
Housing finance platform Weaver Services has announced agreements to secure $170 million (approximately ₹1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. This funding round, pending regulatory approval, is amongst the largest recent investments in affordable housing finance. Weaver is committed to a technology-first approach, focusing on underserved segments like self-employed individuals in tier-II and tier-III cities. The company has acquired Capital India Housing Finance as a foundational asset and plans to acquire additional assets to achieve initial scale, currently evaluating various options. Weaver emphasized that this investment will enhance its ability…