Home loan startup Ambak raised $7 M Seed and Pre-series A funding from Peak XV
Ambak, a fintech startup, has raised $7 million in a mix of seed and pre-series A funding rounds. Peak XV Partners doubled down in the Pre-Series A round, joined by Advantedge VC, DeVC, and angel investors. Peak XV’s Surge led the seed round.
According to a press release from the company, the funding will allow Ambak to grow its operations to 35 cities and serve over 100,000 customers. By FY26, the company hopes to have disbursed over $1 billion.
Ambak uses Digital Public Infrastructure (DPI) and bank rule engines to streamline the home loan process by offering a clear, three-step process for choosing the best financier. The startup offers a simple, aided method of obtaining home loans by streamlining the process for both clients and lending partners through technology and integrations with DPI services.
Ambak has expanded distribution across six states, developed a marketplace that integrates with more than 50 lenders, and automated credit processes to serve over 15,000 customers and 3,000 intermediaries, such as brokers and builders, in its first 12 months of operation.
“Despite having 160+ lenders catering to all types of customers and properties, the process of finding the right lender remains complex for customers. Ambak’s mission is to facilitate $20 billion in home finance annually over the next five years while providing transparency and predictability to the home-buying experience,” said Raghuveer Malik, CEO of Ambak.
In order to serve more than 35,000 customers over the course of the next 12 months, Ambak has also formally partnered with the Delhi Development Authority (DDA), a first for the industry. The company credits its current investors with helping it grow quickly, with Peak XV spearheading a $3.7 million infusion in January 2025.
