Weaver Services Secures Funding for Housing Finance Expansion

Weaver Services, a prominent housing finance platform, has successfully completed a two-part fundraising initiative amounting to Rs 1,450 crore ($156 million). This capital will enable the acquisition of a 75.01% controlling share in Centrum Housing Finance (CHFL), which is the housing finance division of Centrum Capital, pending all necessary regulatory and shareholder approvals.

Key Investors in the Fundraising Round

Premji Invest, a significant early investor, co-led the latest funding round of Rs 950 crore (surpassing $100 million) alongside Lightspeed Venture Partners, marking its inaugural investment in this sector. Additional participation came from Gaja Capital and a consortium of experienced financial services professionals.

Previous Funding Efforts

This recent fundraising follows a previous $170 million round led by Premji Invest and Lightspeed, which included contributions from Gaja Capital. The aim was to facilitate acquisitions, bolster technological advancements, and support expansion into tier II and tier III markets.

Strategic Acquisitions and Future Plans

Weaver has finalised agreements with Morgan Stanley to purchase the remaining 24.99% stake in CHFL, contingent on receiving approvals. Upon completion of this transaction, Weaver will be the exclusive institutional owner of CHFL.

Making a Unified Finance Platform

CHFL will be integrated with People Home Finance, which Weaver acquired in August 2025. This merger will result in a unified platform boasting assets under management exceeding Rs 2,000 crore and a network of 140 branches throughout India. The two organisations are anticipated to be consolidated into a single entity.

Expanded Offerings to Enhance Access to Credit

The new amalgamated entity aims to provide various financial products including home loans, self-construction loans, home improvement loans, and loans against property, with a particular emphasis on improving credit access for women.

About Weaver Services

Established in April 2024 by Satrajit Siva Bhattacharya and Anil Kothuri, Mumbai-based Weaver Services is a fintech-driven housing finance firm dedicated to delivering affordable home loans to underrepresented groups, particularly self-employed individuals in tier II and tier III cities.