The Rs267 crore transaction was funded through equity raised from Premji Invest, Gaja Capital—a key stakeholder backing this growth—and a group of distinguished individual investors
FinTech BizNews Service
Mumbai, August 12, 2025 – Weaver Services Private Limited (Weaver) today announced the successful completion of its 100% acquisition of Capital India Home Loans Limited (CIHL), following receipt of all necessary regulatory approvals. This marks a significant milestone in Weaver’s mission to build a next-generation, tech-driven affordable housing finance company.
The Rs267 crore transaction was funded through equity raised from Premji Invest, Gaja Capital, and a group of distinguished individual investors. Capital India was advised on the deal by Sanjeev Lall and Devesh Kumar of EIP Financial Services LLP, and Sunil Shukla of CC Chokshi Advisors, while AZB & Partners were legal advisors to the deal on behalf of Weaver Services.
This follows Weaver’s October 2024 announcement of its intent to acquire CIHL, signalling the company’s strategic roadmap to enter India’s affordable housing finance market. With the deal now closed, Weaver is moving quickly to launch a tech-led affordable housing finance platform targeting self-employed individuals in the unorganised sector, particularly in Tier 2 and Tier 3 towns. The company will place special emphasis on financial inclusion for women borrowers, who often face systemic challenges in accessing credit from traditional lenders.
Reflecting on this milestone, Satrajit Bhattacharya, Promoter of Weaver Services, said, "Through this strategic acquisition, Weaver is poised to establish its market presence and drive meaningful change by delivering customized financial solutions tailored to the unique needs of our diverse customer base. Closing this acquisition with all approvals in place transforms our intent into action. We can now focus entirely on execution, building a platform that offers fair, fast, and accessible housing finance to those historically excluded from the system. We would like to thank our investors, the Capital India team, and their advisors, especially Mr. Sanjeev Lall, for their support in completing the transaction."
Keshav Porwal, Managing Director of Capital India Finance Limited, emphasized the strength of the transition, stating, “We are pleased that both the business and the team at Capital India Home Loans Limited have found a strong new home in Weaver. This handover marks a new chapter for CIHL and its team. Weaver brings the vision and capabilities needed to accelerate growth, expand reach, and deliver meaningful social impact in housing finance. We are confident they are well-positioned for future growth and impact.”
Backing Weaver’s next phase of growth, Saravanan Nattanmai, Partner at Premji Invest, highlighted the opportunity ahead , “At Premji Invest, we see a significant opportunity to leverage technology to transform India’s affordable housing finance sector. With the transaction closed and regulatory clearances secured, Weaver is ready to move at speed. The acquisition of Capital India Home Loans marks an important first step toward delivering frictionless, scalable, and inclusive mortgage solutions for underrepresented segments. This investment reflects our commitment to backing differentiated and innovative platforms that use technology to drive meaningful, long-term impact in financial services.”
Sharing a similar outlook, Gopal Jain, Managing Partner at Gaja Capital, pointed to Weaver’s strong market positioning “Weaver is addressing a deep-rooted gap in India’s housing finance ecosystem with a tech-led, customer-first approach. Their sharp focus on the self-employed segment, combined with disciplined execution, positions them well to lead the next phase of inclusive growth in financial services. Strategically, Weaver is well-placed to close a longstanding gap in the market and emerge as a leader in the next wave of inclusive financial growth.”
With this acquisition complete, Weaver Services is set to scale rapidly and reshape India’s affordable housing finance sector. Combining technology with deep local market insight, the company aims to deliver lasting impact for communities that have historically been underrepresented.
