Home loan marketplace Ambak is in talks to raise ₹80 crore ($8.4 million) in a fresh funding round, which will be led by Quona Capital, according to inc42.com. The round will also include participation from existing investors Peak XV Partners and Z47 Partners. Ambak is raising the funds at a post-money valuation between ₹650 crore and ₹680 crore.
Founded in 2023 by Raghuveer Malik, Pranav Khattar, Rameshwar Gupta, Ashish Lohia, and Rashi Garg, Ambak operates a digital platform that simplifies the home loan process. It uses a proprietary Bank Rule Engine and integrated credit score tools to match users with more than 50 lender partners. The startup serves over 15,000 customers and 3,000 intermediaries. Prior to this, Ambak raised about $7.5 million from Peak XV Partners and Z47 Partners in December 2024 and secured $7 million in January 2025.
Ambak competes with other home loan marketplaces such as Credit Dharma, EasiLoan by Square Yards, Wishfin, and BankBazaar. The sector has seen significant funding activity, with BankBazaar raising ₹55 crore last year and Square Yards achieving unicorn status after a ₹9,000 crore funding round. Ambak’s new funding round reflects growing investor interest in startups aiming to streamline home loan access for consumers.
The startup’s ongoing funding discussions with Quona Capital and existing investors come amid a broader push to digitize and simplify home loan processes. Ambak’s valuation range of ₹650-680 crore highlights investor confidence. The company has not publicly commented on the round as of the report’s publication.