About Ambak
Ambak is a company based in Gurugram (India) founded in 2023 by Ashish Lohia, Pranav Khattar, Rashi Garg, Rameshwar Gupta, and Raghuveer Malik.. Ambak has raised $18.07 million across 5 funding rounds from investors including Wellfound, Peak XV Partners and AdvantEdge. The company has 117 employees as of February 16, 2025. Ambak offers products and services including Home Loans, Loan Against Property, EMI Calculator, and Balance Transfer Calculator. Ambak operates in a competitive market with competitors including LoanSnap, Kiavi, Certain Lending, MT Finance and One Savings Bank, among others.
- Headquarter Gurugram, India
- Employees 117 as on 16 Feb, 2025
- Founders Ashish Lohia, Pranav Khattar, Rashi Garg, Rameshwar Gupta, Raghuveer Malik
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tenb Fintech Private Limited
- Date of Incorporation 04 Sep, 2023
- Jurisdiction Sector -45, Haryana, India
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Annual Revenue
$149.97 K (USD)0as on Mar 31, 2024
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Net Profit
$-247.23 K (USD)0as on Mar 31, 2024
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EBITDA
$-232.04 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$18.07 M (USD)
in 5 rounds
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Latest Funding Round
$7.84 M (USD), Series A
Dec 02, 2025
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Investors
Wellfound
& 15 more
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Employee Count
117
as on Feb 16, 2025
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Products & Services of Ambak
Ambak offers a comprehensive portfolio of products and services, including Home Loans, Loan Against Property, EMI Calculator, and Balance Transfer Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides financing for home purchases with flexible terms and low rates.
Offers secured loans using property as collateral for various needs.
Helps calculate monthly payments for loans based on amount and tenure.
Assists in evaluating options for transferring existing loan balances.
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Funding Insights of Ambak
Ambak has successfully raised a total of $18.07M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7.84 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $7.8M
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First Round
First Round
(23 Jan 2024)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Ambak | Valuation | Peak XV Partners , Z47 | |
| Jan, 2025 | Amount | Seed - Ambak | Valuation | Peak XV Partners | |
| Oct, 2024 | Amount | Seed - Ambak | Valuation | Surge |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ambak
Ambak has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, Peak XV Partners and AdvantEdge. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investing and community support for startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Venture capital funding and support for mobility and electric vehicle startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ambak
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ambak
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ambak Comparisons
Competitors of Ambak
Ambak operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LoanSnap, Kiavi, Certain Lending, MT Finance and One Savings Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for residential & commercial mortgage loans
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| domain | founded_year | HQ Location |
Residential and commercial mortgages are connected via an online marketplace.
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| domain | founded_year | HQ Location |
Online P2P platform for real estate lending is facilitated.
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| domain | founded_year | HQ Location |
Diversified lending NBFI
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| domain | founded_year | HQ Location |
Provider of an online marketplace for mortgage loans
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| domain | founded_year | HQ Location |
Provider of home financial services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ambak
Frequently Asked Questions about Ambak
When was Ambak founded?
Ambak was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Ambak located?
Ambak is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Ambak?
Raghuveer Malik is the current CEO of Ambak. They have also founded this company.
Is Ambak a funded company?
Ambak is a funded company, having raised a total of $18.07M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jan 23, 2024.
How many employees does Ambak have?
As of Feb 16, 2025, the latest employee count at Ambak is 117.
What is the annual revenue of Ambak?
Annual revenue of Ambak is $149.97K as on Mar 31, 2024.
What does Ambak do?
Ambak was founded in 2023 in Gurugram, India, within the financial services sector. Home loans and loans against property are offered, along with tools such as EMI and balance transfer calculators. The application process is facilitated through coordination with relevant parties. Resources including blogs on finance news and insights are made available to users. Operations focus on streamlining access to these lending options in the Indian market.
Who are the top competitors of Ambak?
Ambak's top competitors include LoanSnap, Kiavi and MT Finance.
What products or services does Ambak offer?
Ambak offers Home Loans, Loan Against Property, EMI Calculator, and Balance Transfer Calculator.
Who are Ambak's investors?
Ambak has 16 investors. Key investors include Wellfound, Peak XV Partners, AdvantEdge, DeVC, and Real Time Accelerator Fund.
What is Ambak's valuation?
The valuation of Ambak is $29.56M as of Oct 2024.