Nikhil Kamath’s Gruhas Invests in Weavings Manpower Solutions

Gruhas, the investment firm co-founded by Nikhil Kamath - co-founder of Zerodha and Abhijeet Pai - President of Puzzolana Group, has announced a significant strategic investment in Weavings Manpower Solutions, a provider of staffing and workforce solutions in India. This marks a key milestone in Gruhas' mission to support and scale innovative businesses across the country.

The investment will enable Weavings to pursue a 4x growth trajectory over the next five years. The funds will be used to enhance Weavings' technology platform, expand into new geographies, and introduce specialized staffing solutions across various industry sectors. This capital infusion will strengthen the company's financial foundation and bolster its operational capabilities.

Weavings’ mission is to manage the entire talent lifecycle for frontline workers, offering a responsive and agile approach to meet fluctuating workforce demands. As India’s economy traverses its goal to reach $7 trillion, driven by sectors like e-commerce, BFSI, retail, and logistics, Weavings is well-positioned to deliver high-quality, organised, end-to-end staffing solutions to these growing sectors.

Ashish Talwar, Managing Director at Weavings said, “This investment will support Weavings in expanding its avenues into newer sectors as well as building long-term collaborations and establishing strategic partnerships. Furthermore, we aim to leverage Gruhas’ valuable experience, expertise, and industry connections."

Abhijeet Pai from Gruhas mentioned, “India's economic engine runs on the sweat of its blue-collar workforce. Weavings is uniquely positioned to address this critical need by leveraging technology to bridge the gap between the blue-collar workforce and booming sectors like manufacturing, warehouse management, and logistics."

Krishna Shete, Shareholders Representative at Planet Group added, “At Weavings, our mission is to harness this potential and contribute to the nation's economic progress. Our partnership with Gruhas is not just about capital infusion; it brings a wealth of fresh perspectives and innovative thinking."