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Weaver Services in talks to raise ₹1,000 crore from Premji Invest, Paragon Partners

Dec 25, 2024•over 1 year ago

Contract Type

partnership

BengaluruFinancial ServicesFinanceLending

Description

Weaver Services Pvt. Ltd, a company founded by former employees of HDFC Ltd, is in discussions to raise approximately ₹1,000 crores from Premji Invest and Paragon Partners. The funding will be used to scale up Delhi-based Capital India Home Loans, which was acquired by Weaver in October.

Company Information

Company

Weaver Services Pvt. Ltd

Location

Bengaluru, Karnataka, India

About

Weaver Services Pvt. Ltd is an affordable housing finance company founded by former employees of HDFC Ltd. It is currently in talks to secure funding from Premji Invest and Paragon Partners.

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Strategic partnership established
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