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Weaver Fuels Housing Growth with Rs 1,450 Crore Raise
18 Mar
Summary
- Weaver Services raised Rs 1,450 crore ($156 million) in a two-tranche fundraise.
- The capital will acquire a 75.01% controlling stake in Centrum Housing Finance.
- Combined entity will exceed Rs 2,000 crore in assets under management.
Weaver Services has secured Rs 1,450 crore ($156 million) through a two-tranche funding round. This significant capital infusion is earmarked for acquiring a 75.01% controlling stake in Centrum Housing Finance (CHFL), subject to necessary approvals.
Premji Invest and Lightspeed Venture Partners were key co-leads in the latest funding tranche, with Gaja Capital and other financial professionals also participating. This follows a prior $170 million round also backed by these investors.
