Weaver Services, a technology-driven housing finance platform, has successfully raised ₹1,450 crore across two funding rounds. This capital infusion was led by Premji Invest and Lightspeed Venture Partners, marking Lightspeed's first investment in the affordable housing finance sector.
Strategic Acquisition: The funds will primarily facilitate Weaver's acquisition of a 75.01% controlling stake in Centrum Housing Finance Limited (CHFL), which is part of Centrum Capital. Additionally, Weaver has entered into agreements with Morgan Stanley to acquire its remaining 24.99% stake in CHFL, positioning Weaver as the sole institutional owner.
Previous Investments: This acquisition follows Weaver's earlier purchase of People Home Finance in August 2025. The integration of these two entities will create a robust platform with over ₹2,000 crore in assets under management and a network of 140 branches across India.
Future Vision: Satrajit Bhattacharya, Promoter & Executive Vice Chairman of Weaver Services, expressed enthusiasm about the new capabilities, stating, "With CHFL joining People Home, we now have the platform we imagined. The branch network, the capital, the team—what comes next is the part that matters: going out and doing it."
Target Market: Weaver aims to build a technology-led housing finance platform that caters to underserved borrowers, including self-employed individuals, small business owners, and first-time homebuyers in Tier II and III markets. The combined entity will offer a variety of products such as home loans, self-construction loans, home improvement loans, and loans against property.
Innovative Approach: The company’s model employs technology-driven underwriting to efficiently serve informal-income borrowers, thereby reducing costs and expanding credit access. Investors have noted that Weaver addresses a significant gap in India's housing finance market, which continues to be under-penetrated despite high demand.
Investor Confidence: Saravanan Nattanmai, Partner at Premji Invest, highlighted their support for Weaver, stating, "We backed Weaver because we believed the founders understood the problem at its root, not as a market opportunity to be captured, but as a structural failure to be corrected."
With this strengthened capital base and expanded scale, Weaver Services is poised to become a key player in India's inclusive housing finance ecosystem.
