Weaver Services Secures $170M to Bridge Affordable Housing Gap in India

Weaver Services, a technology-driven housing finance platform, announced on Tuesday it has secured $170 million in funding. The investment was led by Lightspeed and Premji Invest, with Gaja Capital also participating in the round. The funding is subject to regulatory approvals.

The capital injection will enable Weaver to accelerate its asset acquisition efforts, fund technology development, and expand its presence in tier-2 and tier-3 cities across India. These regions experience a significant affordable housing gap, and Weaver aims to address this issue.

With its innovative AI-driven workflows, Weaver is constructing a next-generation housing finance platform. The firm focuses on self-employed individuals in India's underserved housing market, combining market expertise and tech-driven underwriting models to deliver faster loan approvals and more inclusive lending solutions.

(With inputs from agencies.)