Ambak
Category: AI in Fintech
Ambak is a fintech marketplace for home loans and loans against property, simplifying the loan process through a transparent three-step method. Ambak was founded in 2024. The company is led by Raghuveer Malik. Based in Gurugram, India. Team size: 214 employees (2025). Total funding raised: Rs 129.17 Cr (~$15.5M total). Latest round: Combination of Seed and Pre-Series A rounds led by Peak XV's Surge.. Key investors include Peak XV’s Surge, Peak XV Partners, Advantedge VC, DeVC, Angel investors.
- Founded
- 2024
- Headquarters
- Gurugram, India
- Team size
- 214 employees (2025)
- Total funding
- Rs 129.17 Cr (~$15.5M total)
Value proposition
Offers a streamlined process for selecting the right financier, leveraging Digital Public Infrastructure (DPI) and AI-driven recommendations.
Products and solutions
Home loans, Loans against property
Unique value
Ambak's use of DPI and AI-driven recommendations to streamline the home loan process.
Target customer
Homebuyers and property owners seeking loans.
Industries served
Financial services, Mortgages
Technology advantage
Integration with over 50 lenders and the use of AI/ML for loan processing.
How they differentiate
Ambak focuses on simplifying the loan process through technology and partnerships, offering a more streamlined experience compared to traditional platforms.
Main competitors
Housing.com, Magicbricks, BankBazaar
Key partnerships
Delhi Development Authority (DDA)
Notable customers
Delhi Development Authority (DDA)
Major milestones
Integrated over 50 lenders Expanded across six states Automated credit processes
Growth metrics
15,000+ customers, 3,000+ intermediaries. Revenue: $55.9M FY2025, Operating revenue Rs 1.03 Cr FY2024.
Market positioning
Ambak positions itself as a customer-centric fintech platform aiming to make home finance more accessible.
Geographic focus
Primarily focused on the Indian market, with plans to expand across 35 cities.
Patents and IP
Not mentioned in the available sources.
About Raghuveer Malik
Raghuveer Malik is a seasoned professional with over 13 years of experience in the fintech and insurtech sectors. He has a strong background in P&L management, digital and offline distribution, and customer experience. Prior to co-founding Ambak, he held key positions at PolicyBazaar.com and Daimler AG.
Official website: https://ambak.com