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Home Loan Startup Ambak Raises $7 Million in Funding to Expand Nationwide

Ambak, a fintech startup disrupting the home loan market, has secured $7 million in a dual Seed and Pre-Series A funding round. This injection of capital, led by Peak XV’s Surge, is set to fuel the company’s ambitions of simplifying home loans across India.

Fueling Expansion and Reaching More Customers

Ambak’s recent funding will help the startup scale its operations to 35 cities and extend its reach to over 100,000 customers in the coming years. With a clear roadmap set to achieve over $1 billion in home loan disbursements by FY26, the company is eyeing a significant market share in India’s growing home loan sector.

The fintech firm aims to make home loans easier and more accessible for individuals across the country. By leveraging digital infrastructure and integrating DPI services with advanced banking rule engines, Ambak has created a platform that offers a seamless home loan experience. Their process, which includes just three transparent steps, allows customers to pick the right financier with ease.

The capital infusion also comes at a time when the startup is gearing up to revolutionize the way people approach home finance. According to the company, the funding will be pivotal in improving the user experience while enhancing transparency for both customers and lending partners.

home loan startup

Streamlining Home Loan Access: Ambak’s Approach

At its core, Ambak is striving to simplify a traditionally complex process. Securing a home loan, with over 160 lenders in the market, can be overwhelming for prospective homeowners. Ambak, however, makes it easier by offering a streamlined, assisted approach to selecting the right financier.

This approach has already earned the company major traction. Ambak’s platform now integrates with more than 50 lenders and has automated credit processes. Within just one year of its launch, Ambak served over 15,000 customers and 3,000 intermediaries, including builders and brokers. Such rapid adoption signals that the startup’s model is resonating with both customers and industry players.

Key features of Ambak’s platform include:

  • Automated credit processes: Making loans faster and more efficient.
  • A wide lender marketplace: With integrations from over 50 lenders.
  • Simplified access for intermediaries: Builders and brokers have also benefitted from the platform.

By expanding distribution across six states, Ambak is setting the stage for more widespread adoption in India’s competitive home loan market.

Ambak’s Vision: Making Home Financing Transparent

Ambak’s CEO, Raghuveer Malik, shared his thoughts on the company’s mission: “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.”

Ambak’s growth can be attributed to its innovative model and its ability to simplify a complicated system. The company also credits its investors for supporting its journey. Peak XV Partners played a significant role in leading the funding rounds, helping Ambak secure $7 million in total. Just in January 2025, Peak XV led a further investment of $3.7 million in the company.

Strategic Partnerships Fueling Growth

In addition to the funding, Ambak has also signed a landmark partnership with the Delhi Development Authority (DDA), marking an industry-first move. This partnership is expected to help the company serve over 35,000 customers in the next 12 months. The DDA deal is another milestone for Ambak as it continues to push the envelope in home loan accessibility.

This strategic partnership demonstrates Ambak’s commitment to making home financing easier for a broader audience. The collaboration with such a key government entity also places Ambak in a unique position to lead the way in transforming the home loan sector.

Ambak’s strategy is clear: it wants to provide a transparent, user-friendly process for individuals looking to finance their homes, while at the same time streamlining the process for lenders. This two-pronged approach could set the company up for further success in the years to come.

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