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Lightspeed and Premji Invest lead $170 Mn round in Weaver Services

EntrackrEntrackr · 6m ago
Lightspeed and Premji Invest lead $170 Mn round in Weaver Services
Medial

Weaver Services, a technology-led housing finance platform, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. The proceeds will be used to acquire assets, strengthen technology, and expand into tier-II and tier-III cities. Led by founder and vice chairman Satrajit Bhattacharya, Weaver is building a next-generation housing finance platform using AI-driven underwriting models and alternative data to serve India’s underserved affordable housing segment, especially self-employed individuals. The company had earlier acquired Capital India Housing Finance as its anchor asset and is evaluating more acquisitions to scale faster. Weaver operates in a competitive space alongside established housing finance companies such as HDFC Ltd, LIC Housing Finance, Aavas Financiers, Home First Finance, and PNB Housing Finance. Housing finance companies have attracted significant funding in the past 12 months. In December, Vastu Housing raised $100 million from Prosus while Easy Home Finance raised $35 million led by Ranjan Pai’s family office and other investors. In September last year, home finance startup Basic Home Loan raised $10.6 million in a Series B funding round. In October, Vridhi Home Finance also raised $35 million in a round led by Norwest Venture Partners.

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Emversity raises $30 Mn in Series A led by Premji Invest

EntrackrEntrackr · 1m ago
Emversity raises $30 Mn in Series A led by Premji Invest
Medial

Emversity raises $30 Mn in Series A led by Premji Invest Higher-education embedded training and employability platform Emversity has raised $30 million (Rs 271 crore) in a Series A funding round led by Premji Invest, with participation from Lightspeed and Z47. The round takes the company’s total funding to $46 million. Emversity is operated by Beyond Odds Technologies, which was launched in April 2024 by Vivek Sinha, former COO of Unacademy, with an initial $11 million seed round led by Matrix Partners India (Z47) and Lightspeed. Soon after the launch, Emversity had raised $5 million in a pre-Series A round led by Lightspeed and Z47, with participation from Alteria Capital and InnoVen Capital. The fresh proceeds will be used to expand Emversity’s presence to over 200 campuses, strengthen its position in healthcare and hospitality skills, and launch new verticals in EPC and manufacturing. It also plans to enhance its technology platform spanning career discovery, training, and employability outcomes, and explore access to select global workforce demand for India-trained talent. Emversity works with universities to embed industry-aligned, work-integrated training into degree programs. The platform focuses on improving employability outcomes by aligning academic learning with real-world workforce requirements. It also runs employer-linked skill centres, particularly in healthcare and hospitality, in affiliation with the National Skill Development Corporation (NSDC). In less than two years, Emversity claims to have scaled to 4,500 learners across 40 campuses. Its programs are designed with employers to create predictable talent pipelines, especially for sectors facing workforce shortages. The brand currently supports healthcare and hospitality roles, with learners placed across large hospital chains and hotel groups.

Exclusive: GIVA raising $12 Mn in extended Series C round

EntrackrEntrackr · 2d ago
Exclusive: GIVA raising $12 Mn in extended Series C round
Medial

Omnichannel jewelry startup Giva is set to raise Rs 110 crore (around $12 million) in its Series C extension round led by HPV CC1 ltd, with the participation from Premji Invest, Kenro Capital, and Titan Capital. The fresh investment came nine months after GIVA raised Rs 530 crore ($61.5 million) in its Series C round led by Creaegis, with participation from Premji Invest, Epiq Capital, and Edelweiss Discovery Fund. The board at Giva passed a resolution to approve the issuance of 94,01,710 Series C1 CCPS at an issue price of Rs 117 each to raise the aforementioned sum, its regulatory filing accessed from RoC shows. HPV CC1 Ltd will lead the tranche with Rs 74.25 crore ($8.25 million), followed by Kenro Capital, which will invest primary capital of Rs 13.75 crore. Premji Invest via PI Opportunities Fund II and Titan Capital via Winners Fund will be injecting Rs 11 crore each. The company will use the proceeds for operational expenses, including hiring, marketing, and other general corporate purposes, as per filings. According to Entrackr’s estimates, the firm’s valuation will rise to around Rs 4,900 crore ($545 million), which represents a 22% increase from its previous valuation of about Rs 4,000 crore when it raised Rs 530 crore. Founded in 2019, Giva originally launched as an affordable jewelry brand, has expanded into gold jewelry and lab-grown diamonds. Led by Ishendra Agarwal, the company now operates around 150 physical stores across India, alongside its website and app, and has adopted a franchise-led model to further expand its reach. The Bengaluru-based firm has raised over $146 million to date, including its Rs 255 crore Series B round, which was a mix of primary and secondary transactions led by Premji Invest and Epiq Capital. For the fiscal year ended March 2025, the jewelry brand’s operating revenue jumped 89% to Rs 518 crore from Rs 274 crore in FY24. However, its losses also grew 22% to Rs 72 crore during the same period.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr · 1y ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

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