Funding · Financial Services

Ambak raises ₹80 Cr from Quona Capital

By Startup Enthusiast · 24 June 2026

What they do

Ambak connects borrowers with over 50 lenders to simplify home loan applications

The company raised ₹80 Cr in a round led by Quona Capital at a ₹650-680 Cr valuation

This follows two earlier rounds totaling $14.5 Mn and serves over 15,000 customers

Ambak is raising ₹80 Cr ($8.4 Mn) in new funding.
Quona Capital is leading the investment round for the startup.
Existing investors Peak XV Partners and Z47 Partners are participating.
The deal values Ambak at a post-money figure of ₹650-680 Cr.
This is the latest capital raise for the fintech company founded in 2023.
Ambak previously raised $7.5 Mn in December 2025 and $7 Mn in January 2025.
The company operates as a marketplace connecting borrowers with financial institutions.
It has served more than 15,000 customers through its platform.

Digital lending is estimated to account for 53% of fintech revenue by 2030.
This share is expected to grow significantly from 40% in 2025.
Ambak competes with established players like Credit Dharma and BankBazaar.
The market expansion signals strong investor interest in digital lending infrastructure.

Ambak functions as a home loan marketplace for Indian consumers.
It partners with more than 50 lenders to offer loan products.
The platform has onboarded 3,000 intermediaries to facilitate loans.
Ambak uses a proprietary Bank Rule Engine to automate processing.
Integrated credit score tools help assess borrower eligibility quickly.
The company claims to have served over 15,000 customers so far.
Founders include Raghuveer Malik, Pranav Khattar, and Rameshwar Gupta.
Ashish Lohia and Rashi Garg also serve as co-founders.
The business model relies on technology to streamline the lending journey.

Quona Capital (lead) — Venture capital firm focusing on financial services startups.
Peak XV Partners (existing) — Former Sequoia India, active in early-stage investments.
Z47 Partners (existing) — Investment firm supporting high-growth technology companies.

Product: A digital marketplace that helps users compare and access home loans.
Customers: Home-loan borrowers and intermediaries who use the platform; lenders are the counterparties.
How it makes money: Matches borrowers with lenders and earns platform-led transaction revenue from the home-loan flow.
What sets it apart: Uses a proprietary bank rule engine and digital public infrastructure integrations to simplify the loan process.