Fintech startup Ambak has raised $7 million through a combination of Seed and Pre-Series A funding rounds.
The investment was led by Peak XV’s Surge in the seed round, with Peak XV Partners doubling down in the Pre-Series A round.
Advantedge VC, DeVC, and multiple angel investors also participated in the funding.
This fresh capital will support Ambak’s expansion to 35 cities and enable it to serve over 100,000 customers. The company aims to surpass $1 billion in loan disbursements by FY26.
Founded in 2023 by Raghuveer Malik, Rameshwar Gupta, and Rashi Garg, Ambak simplifies the home loan process through a transparent, three-step approach to help customers find the right financier.
By leveraging Digital Public Infrastructure (DPI) and bank rule engines, this Gurugram-based startup integrates cutting-edge technology to create a streamlined, assisted, and customer-friendly loan experience.
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In just one year, Ambak has built a growing marketplace of over 50 lenders and expanded its distribution across 6 states.
The company has also automated credit processes, serving 15,000+ customers and 3,000 intermediaries, including builders and brokers.
“Despite 160+ lenders catering to various customers and properties, finding the right lender remains complex. Ambak’s mission is to facilitate $20 billion in home finance annually over the next five years, bringing transparency and predictability to the home-buying experience,” said Raghuveer Malik, CEO of Ambak.
In a key milestone, Ambak has signed an industry-first official partnership with the Delhi Development Authority (DDA) to serve 35,000+ customers within the next 12 months.
The startup credits its rapid growth to strong investor support, with Peak XV leading an additional $3.7 million investment in January 2025.
