Weaver Services secures USD 170 mn investors like Lightspeed, Premji Invest
New Delhi, Aug 19 (PTI) Weaver Services, a technology-first housing finance platform on Tuesday said it has executed definitive transaction documents to raise USD 170 million (about Rs 1,480 crore) funding from a clutch of investors led by Lightspeed and Premji Invest, subject to regulatory approvals.
Gaja Capital also participated in the round.
The investment will accelerate Weaver's asset acquisition, fund technology development, and expand reach across tier-2 and tier-3 cities where the affordable housing gap is most acute, Weaver Services said in a statement.
Weaver is building a next-generation housing finance platform through use of technology and AI-driven workflows, to serve India's vast underserved affordable housing segment with a focus on self-employed individuals, it said.
Earlier this month, Weaver acquired Capital India Housing Finance as an anchor asset for the platform.
It is likely to acquire another asset for initial scale and is evaluating a few assets for this purpose, it said.
The team intends to combine strong market expertise in affordable housing with proprietary tech-driven underwriting models that leverage alternative data to assess creditworthiness beyond traditional parameters, enabling faster approvals and more inclusive lending, it said. PTI DP TRB
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
August 19, 2025, 19:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Loading comments...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
22 minutes ago
- Business Standard
India, US negotiating agreement to liberalise trade in goods: Minister
India and the US are negotiating a multi-sector bilateral trade agreement and as a part of the negotiations, both sides are discussing liberalisation of trade in goods, including non-sensitive agricultural products, Parliament was informed on Tuesday. The government is engaged with all relevant stakeholders including agriculture, farming experts, to assess the interests and requirements of India's rural economy, farmers and agricultural sector, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. "India and the USA are negotiating a multi-sector Bilateral Trade Agreement (BTA). As a part of negotiations, among other things, both sides are engaged in discussions on liberalization of trade in goods, including non-sensitive agricultural products, with the aim to expand trade and deepen the India-US trade relationship," he said. He added that the government is committed to taking all necessary steps to secure and advance the country's national interest and protect the welfare of our farmers, rural economy and agriculture sector. So far, five rounds of talks have been completed between the two countries on the proposed BTA. The US team has recently postponed their visit for the sixth round of negotiations, which was scheduled from August 25. In a separate reply, he said a reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US starting from August 7. Further, additional duty of 25 per cent with effect from August 27, 2025 has been imposed on certain goods exported from India. "The Government has taken note of tariff imposition by the US," the minister said, adding it is estimated that around USD 48.2 billion of India's merchandise export (based on 2024 trade value) to the US will be subject to the above additional tariffs. He said that the government is committed to secure and advance the country's national interest and protect the welfare of Indian farmers, workers, entrepreneurs, exporters, MSMEs and all sections of industry and take all necessary steps to help mitigate impact on trade including through appropriate export promotion and trade diversification measures. Replying to a separate question, Prasada said India has entered into a Double Taxation Avoidance Agreement with the US that applies to the corporate taxation of Indian companies in the United States. The benefits available in this agreement remain unchanged irrespective of the domestic laws of the US. The US has not implemented the global minimum tax rules so far, and has stated that the commitment made by prior administration on it shall have no effect in America unless they are adopted in its domestic laws. "This is unlikely to affect taxation of Indian companies in the United States. US Corporate tax changes generally apply to entities with US tax liability and are not expected to directly affect exporters that sell from India," the minister said adding the government is engaged with all relevant stakeholders including industry to protect country's economic and commercial interests and to mitigate impact on trade through all appropriate steps including export promotion and trade diversification. In an another reply, the minister said the US has announced countervailing duties (CVD) on export of Melamine, Hexamine, Epoxy Resins, Ceramic Tile, Hard Empty Capsules, Overhead Door Counterbalance Torsion Springs, and High Chrome Cast Iron Grinding Media from India in the period January to July 2025. On April 2, he said, the US announced country specific reciprocal tariffs including on India. "A baseline tariff of 10 per cent on nearly all US imports was imposed w.e.f. April 5, 2025, with country-specific reciprocal tariffs, including on India @26 per cent, which was to be effective from April 9, 2025. However, on India, these reciprocal tariffs were suspended till August 1, 2025. India's export to the US covered by country-specific reciprocal tariffs, as per data for 2024, was USD 48.2 billion," Prasada said. The government, he added, is committed to taking all necessary steps to secure and advance the country's national interest and protect the welfare of our farmers, workers, entrepreneurs, exporters, MSMEs and employment-intensive industries to mitigate the impact on trade, including through appropriate export promotion and trade diversification measures. "Government is engaged with all stakeholders, including exporters and industry, for taking feedback on their assessment of the situation," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
22 minutes ago
- Time of India
Bluestone shares rise 7% after muted debut on stock exchanges
Synopsis Bluestone shares rebounded strongly after a tepid stock market debut, rising 7.3% to Rs 546. Early investors like Accel India and Saama Capital saw substantial gains, with promoter Gaurav Singh Kushwaha's stake multiplying significantly. Despite widening losses in FY25 due to expansion costs, the company's revenue grew by 40%, driven by strong institutional interest in its IPO.
Economic Times
22 minutes ago
- Economic Times
When half your paycheque becomes the EMI: A Rs 50 lakh package can buy a flat, but can it buy peace of mind?
Synopsis On paper, a Rs 50 lakh annual salary may seem enough for a Rs 1.5 crore flat. In practice, the numbers don't stretch that far. Wealth advisor Alok Tiwari's calculations show that nearly half of the take-home pay would go into monthly instalments, leaving little for daily living costs. Financial guidelines and housing affordability data back his warning. While banks may be willing to lend, the risk of being overextended is real. TIL Creatives Representative AI Image A Rs 1.5 crore home loan at an interest rate of about 8.5% over 20 years means an EMI between Rs 1.2 and Rs 1.3 lakh each month. Alok Tiwari, a wealth advisor, broke down the problem in plain numbers.'EMI for 1.5Cr will be 1.2L pm. A 50L CTC makes 2.75L pm. Deduct rents, school fees, insurance, school bus, petrol, car cost, misc, groceries, utilities, vacation etc. Now from the leftover savings divide with 1.5cr,' Tiwari wrote on concern is clear. A Rs 50 lakh annual package translates to about Rs 2.75 lakh a month in hand. Almost half of that vanishes into the loan repayment, before accounting for the many other unavoidable costs of family such a loan might pass bank scrutiny. The Reserve Bank of India allows lenders to extend loans up to half of a borrower's income. But most advisors, and many banks themselves, caution against stretching beyond 40% of take-home pay for housing this case, 40% of Rs 2.75 lakh works out to roughly Rs 1.1 lakh. The EMI required is closer to Rs 1.29 lakh, already breaching that threshold. That gap signals stress, not comfort. The affordability question is not new. Knight Frank's 2025 report on housing shows that, on average, Indian buyers commit 28% of their income to EMIs. But the picture changes dramatically across cities. In Mumbai, the ratio climbs to 48%, a level already seen as risky. In contrast, Ahmedabad and Kolkata remain more affordable, with EMIs consuming 18% to 23% of commitments inch close to half of what a household earns, it squeezes everything else. School fees, groceries, fuel, insurance, travel, and even small savings start to feel post touched a nerve because it describes a common dilemma. Salaries in many urban sectors have risen, and home loans have become accessible. Yet the real question is not whether a bank will say yes, but whether the borrower can live comfortably afterwards.A Rs 50 lakh salary, under present benchmarks, does not comfortably support a Rs 1.5 crore home. The risk is not just of repaying the bank, but of sacrificing financial flexibility. Buyers may end up house-rich but cash-poor. Disclaimer: This article is based on a user-generated post on social media. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.
