# Ambak

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ambak

- Industry: Financial Services
- Headquarters: Gurgaon, India
- Website: www.ambak.com
- Total disclosed funding: $11M
- Latest round: Series A (Dec 2, 2025)
- Investors on record: 8

## About

Based in Gurgaon, India, and founded in 2023, TenB Fintech Private Limited, trading under the name Ambak focuses on providing financial solutions in the home loan sector. The company has expanded through strategic engagement in the home financing market. Ambak has secured a total of 2 deals, with the most recent deal dated January 29, 2025. The company is co-founded by Raghuveer Malik (CEO), Rameshwar Gupta, Rashi Garg, Pranav Khattar, and Ashish Lohia. In December 2025, Ambak raised INR 690 million in series A funding co-led by Peak XV Partners and Z47, with participation from DeVC.

Ambak Home Loans primarily offers financial products focusing on home loans and related services. Their core offerings include home loans and loans against property. Additionally, it also provides tools like EMI and balance transfer calculators. They cater to homebuyers and investors across India, particularly in urban centers. 

Ambak's revenue model is grounded in home financing solutions, generating income through direct consumer transactions for home loans. Revenue is derived from interest on loans and fees for application processing and service maintenance, supplemented by promotional campaigns like discounts for new customers. 

The company will use the December 2025 funding to streamline home loan processes through its digital marketplace and technology platform.

## Funding rounds

- Series A, Dec 2, 2025, $7.7M — Z47, Peak XV Partners, DeVC
- Seed, Jan 23, 2024, $3.2M — SURGE Ventures, AdvantEdge Founders, Z47, Real Time Accelerator, AL trust, Calabasas Ventures Private Limited

## Investors

- SURGE Ventures (https://capitalatlas.ai/funds/surge-ventures) — Seed
- AdvantEdge Founders (https://capitalatlas.ai/funds/advantedge-founders) — Seed
- Z47 (https://capitalatlas.ai/funds/z47) — Seed, Series A
- Real Time Accelerator (https://capitalatlas.ai/funds/real-time-accelerator) — Seed
- AL trust — Seed
- Calabasas Ventures Private Limited — Seed
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series A
- DeVC (https://capitalatlas.ai/funds/devc) — Series A