VC Fund Investments
Fintech startup Ambak raises $7-M led by Peak XV Partners
Gurugram-based fintech platform Ambak has raised USD 7 million (around INR 60 crore) in seed and Pre-Series A round of funding led by Peak XV Partners, AdvantEdge Partners, DeVC, and angel investors.Founded in 2024 by Rashi Garg, Raghuveer Malik, and Rameshwar Gupta, Ambak offers a B2B marketplace for home loans against property, assisting customers through the process. It has more than 50 lenders and serves more than 15,000 customers and 3,000 intermediaries.The fresh proceeds will be used to expand operations to 35 cities, serve more than 100,000 customers and exceed USD 1 billion in loan disbursement by FY26.
In Jan 2024, Ambak had raised about USD 3 M from AdvantEdge Partners, DeVC India, Peak XV Partners, and Z47.
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