Ambak is a technology company.
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 in total across 1 funding round.
Ambak's investors include BEENEXT, Better Capital, One Planet Group, Gourav Bhattacharya, Nataraj Sindam.
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 across 1 funding round. Most recently, it raised $7.0M Seed in January 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2025 | $7.0M Seed | BEENEXT, Better Capital, One Planet Group, Gourav Bhattacharya, Nataraj Sindam |