Fintech startup Ambak has raised $7 million through a combination of Seed and Pre-Series A funding rounds. Peak XV’s Surge led the seed round, while Peak XV Partners doubled down in the Pre-Series A round, joined by Advantedge VC, DeVC, and multiple angel investors.
With this fresh capital, Ambak plans to scale operations to 35 cities and serve over 100,000 customers, targeting $1 billion in loan disbursements by FY26, according to the company’s latest press release.
Transforming Home Loans with Technology
Ambak simplifies the home loan process through a transparent, three-step approach that helps customers select the right financier. By leveraging Digital Public Infrastructure (DPI) and integrating with bank rule engines, the startup streamlines the lending process, ensuring a seamless experience for both customers and lending partners.
In its first year, Ambak has built a robust marketplace integrating with over 50 lenders. The company has expanded its distribution across six states and automated credit processes, successfully serving more than 15,000 customers and collaborating with 3,000 intermediaries, including builders and brokers.
Scaling Growth and Industry Partnerships
Despite the presence of over 160 lenders catering to diverse customer and property needs, finding the right lender remains a challenge for homebuyers. Ambak aims to bridge this gap and facilitate $20 billion in home financing annually over the next five years.
“Ambak’s mission is to provide transparency and predictability to the home-buying experience while enabling seamless access to financing,” said Raghuveer Malik, CEO of Ambak.
The startup has also secured an industry-first official partnership with the Delhi Development Authority (DDA) to assist over 35,000 customers in the next year. Backed by strong investor confidence, Peak XV led an additional $3.7 million infusion in January 2025, further accelerating Ambak’s expansion plans.
With its tech-driven approach and rapid growth trajectory, Ambak is poised to redefine the home loan landscape in India.
