Weaver Services, a technology driven housing finance platform, has raised Rs 1,450 crore across two funding rounds led by Premji Invest and Lightspeed Venture Partners.
The capital will primarily fund Weaver’s acquisition of a 75.01% controlling stake in Centrum Housing Finance Limited (CHFL), the housing finance arm of Centrum Capital. The company has also signed definitive agreements with Morgan Stanley to acquire its remaining 24.99% stake in CHFL, which, upon completion, would make Weaver the sole institutional owner.
Premji Invest, an early backer of the firm, co-led the Rs 950 crore tranche alongside Lightspeed, which is making its debut investment in the affordable housing finance space. Gaja Capital and senior financial services professionals also participated in the round.
The acquisition of CHFL follows Weaver’s earlier purchase of People Home Finance in August 2025. Together, the two entities will form a combined platform with assets under management exceeding Rs 2,000 crore and a network of 140 branches across India. The companies are expected to merge into a single unified institution.
“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,” said Satrajit Bhattacharya – Promoter & Executive Vice Chairman, Weaver Services.
Weaver aims to build a technology-led housing finance platform focused on 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 range of products including home loans, self-construction loans, home improvement loans and loans against property.
The company’s model leverages technology-driven underwriting to serve informal-income borrowers more efficiently, lowering costs and expanding credit access. Investors said the platform addresses a significant gap in India’s housing finance market, which remains under-penetrated despite large unmet demand.
“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,” said Saravanan Nattanmai – Partner, Premji Invest.
With strengthened capital, expanded scale and a unified platform, Weaver aims to emerge as a key player in India’s inclusive housing finance ecosystem.