I'm feeling very grateful today, as we announce that Ambak - with a mission to simplify home finance, has raised $7 million in funding through a combination of 'Seed' and 'Pre-Series A' led by Peak XV Partners with participation from Advantedge Founders, DeVC, Alluvium Capital and several respected angels and fintech founders.
First & foremost, to our current community:
The 50+ financial institutions, 3,000+ valued partners and 15,000+ customers assisted for whom we are building these solutions:
Thank you for giving us, a young team, a platform to serve you and take a step towards our mission. Your partnership is invaluable and to receive this trust at such an early stage was heart warming. We promise to continue working with the same transparency, speed and commitment you have gotten used to.
You are the reason we exist and thrive. As we grow - we aim to benefit the ecosystem by expanding product availability, reducing operating expenses for lenders, expanding distribution and increasing customer ease through technology & processes.
The team at Ambak comes with a set of failures, learnings, lessons and a ton of passion to solve hard problems that benefit a larger community. Each day we ask ourselves, “have we kept our promises to our customers?”, “have we made incremental progress in solving critical roadblocks today?”, “Do our lenders benefit from our existence”, “What have we built which paves the way for new solutions in the industry” - Without this intent and focus, we would not exist.
With these funds, we’ll be launching new markets, investing in scalable technology solutions, expanding our lenders base with an aim to provide continually better service and support.
Next, to the Ambak team:
It takes a mission oriented army to build a sustainable world class organization. Your belief in the Ambak way, is what allows things to be done with the speed and efficiency the market desires. I’m thankful to you, for having faith in us as a young entity, for being customer obsessed and working smarter than you have ever worked before.
Let’s keep this up, and reach new heights together! Our commitment remains the same; create transparency, be honest and stay customer obsessed. Nothing changes and there’s miles to go before we rest!
Rameshwar Gupta, Rashi Garg, Pranav Khattar, Ashish lohia, Rishabh Ranjan, Pooja Dudani, Khyati Choudhary, Ajit Kumar Satapathy, Vijay Tomar, Ramandeep Singh Sadana, Arpit Khandelwal, Aman Ranjan, Ankit kumar, Pankaj Vashisht, Rushi Kumar Trivedi, Yasir K., Muhammed Abdullah, Akshay Kumar, Prakhar Bansal, SHUBHAM VIJAY, Rishab Tyagi, Aditya Naulakha, Malhar Trivedi, Riddhi Chhajer
Finally, to so many mentors, investors, and people who’ve been kind and patient with us … We hope to continue bugging you for gyaan and for shaping us as we navigate a hard path to achieving our goals.
Rajan Anandan, Ashish Agrawal, Kaustubh Mundra, Kunal Khattar, Divyanshi Chowdhary, Aakash Kumar, Umang Kumar
