Housing finance platform Weaver Services has successfully raised Rs 1,450 crore ($156 million) in funding. This capital injection will be used to acquire a 75.01% controlling stake in Centrum Housing Finance (CHFL), consolidating Weaver’s position in the housing finance sector.
The funding round was led by Premji Invest, an early supporter, and Lightspeed Venture Partners, making its inaugural foray into this domain. The participation of Gaja Capital and seasoned financial services professionals further underlines confidence in Weaver’s growth potential.
This fundraising builds upon a previous $170 million round led by Premji Invest and Lightspeed, with Gaja Capital also contributing. These investments are earmarked for acquisitions, technological enhancements, and geographical expansion into tier II and tier III markets.
Weaver Services has also signed definitive agreements with Morgan Stanley to acquire the remaining 24.99% stake in CHFL, establishing Weaver as the sole institutional owner of CHFL post-regulatory approvals.
The amalgamation of CHFL with People Home Finance, acquired in 2025, will result in a robust financial entity managing assets exceeding Rs 2,000 crore and a network of 140 branches nationwide. This combined entity will offer a range of financial products, including home loans, self-construction loans, home improvement loans, and loans against property, with a focus on enhancing credit accessibility for women.
Founded in 2024 by Satrajit Siva Bhattacharya and Anil Kothuri, Mumbai-based Weaver Services is a fintech-driven housing finance company committed to providing affordable home loans to underserved segments, particularly self-employed individuals in tier II and tier III cities.
Source: Entrackr : Latest Posts