About Ambit
Ambit is a company based in Mumbai (India) founded in 1997 by Ashok Wadhwa. It operates as a Professional Services, and Brokerage / Intermediation. Ambit has raised $100.43 million across 8 funding rounds from investors including Daiwa Securities Group, Sanjay Sakhuja and Saifuddin Attar. The company has 104 employees as of April 05, 2024. Ambit has completed 2 acquisitions, including Finmax Credit and Finance and SMEcorner. Ambit offers products and services including Investment Banking, Asset Management, Institutional Equities, and SME Business Loans.
- Headquarter Mumbai, India
- Employees 104 as on 05 Apr, 2024
- Founders Ashok Wadhwa
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ambit Pvt. Ltd.
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$116.66 M (USD)54.39as on Mar 31, 2024
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Net Profit
$19.18 M (USD)55.07as on Mar 31, 2024
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EBITDA
$48.35 M (USD)56.25as on Mar 31, 2024
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Total Equity Funding
$100.43 M (USD)
in 8 rounds
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Latest Funding Round
$36.32 M (USD), Series B
Jul 07, 2023
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Investors
Daiwa Securities Group
& 7 more
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Employee Count
104
as on Apr 05, 2024
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Investments & Acquisitions
Finmax Credit and Finance
& 1 more
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Products & Services of Ambit
Ambit offers a comprehensive portfolio of products and services, including Investment Banking, Asset Management, Institutional Equities, and SME Business Loans. 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.
Corporate finance and equity capital markets are managed.
Investment portfolios are managed for various client types.
Equity research and trading services are provided institutionally.
Loans are offered to small and medium enterprises.
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Funding Insights of Ambit
Ambit has successfully raised a total of $100.43M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $36.32 million completed in July 2023. 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 8
- Last Round Series B — $36.3M
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First Round
First Round
(30 Mar 2010)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - Ambit | Valuation | Daiwa Securities Group |
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| Mar, 2022 | Amount | Angel Round - Ambit | Valuation | Sanjay Sakhuja | |
| Nov, 2021 | Amount | Angel Round - Ambit | Valuation | Cyrus Poonawala |
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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 Ambit
Ambit has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Daiwa Securities Group, Sanjay Sakhuja and Saifuddin Attar. 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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Investment banking and financial services are provided in Japan.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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SS
Sanjay Sakhuja |
Angel investor and advisor, ex-CEO of S Chand Group, education focus
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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 Ambit
Ambit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Finmax Credit and Finance and SMEcorner. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SME loans are provided to businesses in India.
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2016 | ||||
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Business loans are facilitated for SMEs through an online marketplace.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ambit
| 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 |
Ambit Comparisons
Competitors of Ambit
| 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 Ambit
Frequently Asked Questions about Ambit
When was Ambit founded?
Ambit was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Where is Ambit located?
Ambit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Ambit?
Ashok Wadhwa is the current CEO of Ambit. They have also founded this company.
Is Ambit a funded company?
Ambit is a funded company, having raised a total of $100.43M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $2.67M, raised on Mar 30, 2010.
How many employees does Ambit have?
As of Apr 05, 2024, the latest employee count at Ambit is 104.
What is the annual revenue of Ambit?
Annual revenue of Ambit is $116.66M as on Mar 31, 2024.
What does Ambit do?
Ambit is established as one of Indias premier providers of financial advice and capital. Customized solutions are offered in areas such as Investment Banking, including Corporate Finance and Equity Capital Markets, Institutional Equities and Research, Asset Management, Wealth Management for Global Private Clients, and SME Lending. Services are tailored to meet the needs of institutions, corporates, high net-worth individuals, self-employed individuals, and small to medium enterprises. The approach is grounded in a deep understanding of the Indian economy and market dynamics, supported by extensive research and a client-focused strategy. Solutions are designed to create intrinsic value for stakeholders by addressing complex financial challenges with insightful and innovative approaches.
What products or services does Ambit offer?
Ambit offers Investment Banking, Asset Management, Institutional Equities, and SME Business Loans.
How many acquisitions has Ambit made?
Ambit has made 2 acquisitions, including Finmax Credit and Finance, and SMEcorner.
Who are Ambit's investors?
Ambit has 8 investors. Key investors include Daiwa Securities Group, Sanjay Sakhuja, Saifuddin Attar, Cyrus Poonawala, and Chetas Desai.
What is Ambit's valuation?
The valuation of Ambit is $380.33M as of Jul 2023.
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