Ambak Secures Rs 69 Crore in Series A Round Backed by Peak XV and Z47
- Ambak raises Rs 69 Crore in fresh Series A funding
- Peak XV and Z47 co-lead the round; valuation jumps 76%
- Funds to strengthen Ambak’s tech-driven home loan platform and support product expansion
Home loan startup Ambak has launched its Series A round with Rs 69 crore (about $7.8 million), backed by its existing investors Peak XV Partners and Z47. New participants including DeVC, Advantage Technology Fund, and several angel investors also joined the round.
This new funding comes just months after Ambak announced $7 million across Seed and Pre-Series A rounds in January 2025. As per its latest filing with the Registrar of Companies, the startup issued 3,111 Series A CCPS and 10 equity shares at a price of Rs 2,20,405.6 each to raise the capital.
Peak XV Partners and Z47 led the round with Rs 26.62 crore each, while DeVC and Advantage Technology Fund contributed Rs 6.65 crore and Rs 6.28 crore. The remaining amount came from Calabasas Ventures, AngelList and individual investors.
According to a report analysis, Ambak’s valuation has climbed over 76% to Rs 450 crore post-money, a big jump from its earlier Rs 255 crore valuation.
Founded in 2023, Ambak aims to simplify the home loan journey with a three-step digital process that matches customers with suitable lenders. The platform uses Digital Public Infrastructure (DPI) and bank rule engines to speed up approvals and reduce paperwork.
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With this new investment, Peak XV remains Ambak’s largest external shareholder at 14.9%, followed by Surge Ventures (13.95%) and Z47 (6.25%). Co-founders Raghuveer Malik, Rameshwar Gupta and Rashi Garg together hold 46.23%.
In FY24, Ambak posted Rs 1.03 crore in operating revenue and a Rs 2.11 crore loss in its first year. The company has not yet shared FY25 numbers.
