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Ambak is a financial technology platform based in Gurugram, India, that operates as a digital marketplace connecting home buyers and loan distributors with mortgage lenders. The company utilizes artificial intelligence and data analytics to streamline the mortgage application, comparison, and approval processes for home loans and loans against property. Operating across eight Indian cities with plans to expand to over 35 locations, the platform currently serves a network of more than 15,000 home buyers, 3,000 intermediaries including builders and brokers, and over 50 lending institutions. To support its goal of reaching $1 billion in loan disbursements, Ambak has raised $7 million in seed and pre-Series A funding through investments from Peak XV Partners, Advantedge VC, and DeVC. The enterprise was founded in 2024 by co-founders Raghuveer Malik, Rameshwar Gupta, Rashi Garg, and Pranav Khattar.
Ambak has raised $7.0M across 1 funding round.
Ambak has raised $7.0M in total across 1 funding round.
Ambak has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $7M Seed | — | Beenext, Better Capital, ONE Planet Group, Gourav Bhattacharya, Nataraj Sindam | Announced |
Ambak, operating as TenB Fintech Private Limited, is a Gurugram-based fintech startup founded in 2024 that builds a digital marketplace for home loans and real estate-secured loans.[1][2] It serves home buyers, distributors, builders, and brokers—over 15,000 clients and 3,000 intermediaries—by connecting them with more than 50 lending partners, using AI-driven recommendations and data analytics to streamline loan comparison, selection, and approval for faster, clearer outcomes.[1][2] The platform solves inefficiencies in India's home loan sector, such as opaque processes and mismatched lender options, and has raised $7 million (₹58.10 Cr) in funding to fuel growth, achieving $29.4 million in revenue with 140 employees.[1][2]
Ambak was founded in 2024 by Raghuveer Malik, Rameshwar Gupta, and Rashi Garg in Gurugram, India, targeting pain points in the home loan industry like slow approvals and limited transparency.[1][2] The founders drew on deep industry expertise to launch a tech-enabled marketplace, quickly building traction with 15,000+ clients, 3,000 intermediaries, and 50+ lender partnerships within its first year.[1] A pivotal moment came with its $7 million funding round, enabling operational expansion and market strengthening in fintech lending.[1][2]
Ambak rides India's booming fintech and real estate digitization wave, where rising homeownership demand meets regulatory pushes for transparent lending amid a $200B+ mortgage market.[1][2] Timing aligns with post-2024 economic recovery, AI adoption in finance, and government initiatives like PMAY boosting affordable housing loans. Market forces favoring Ambak include urbanization, digital lending growth (projected 20% CAGR), and intermediaries' shift to platforms. It influences the ecosystem by empowering brokers/builders, reducing lender acquisition costs, and setting benchmarks for AI in retail credit.
Ambak's early traction—$7M funding, 15,000 clients, $29M revenue—positions it for aggressive expansion into unsecured loans or regional markets, leveraging AI for personalized products.[1][2] Trends like embedded finance, open banking APIs, and real estate tech consolidation will shape its path, potentially scaling to 100K+ users via partnerships. Its influence may evolve from niche aggregator to full-stack lender platform, transforming borrowing as India's housing boom intensifies—echoing its mission to make loans quicker and clearer from day one.[1][2]
Ambak has raised $7.0M in total across 1 funding round.
Ambak's investors include BEENEXT, Better Capital, One Planet Group, Gourav Bhattacharya, Nataraj Sindam.
