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Fintech marketplace Ambak is raising around ₹80 Cr in a fresh round of funding, people aware of the matter told Inc42.

Inc42 has learnt that the startup’s valuation post the fund raise would be in the range between ₹650 Cr – ₹680 Cr, sources said.

The round will be led by Quona Capital, and will see participation from Peak XV Partners, Z47 Partners

Home loan marketplace Diving is in talks to raise ₹80 Cr ($8.4 Mn) in a fresh funding round, which will be led by Quona Capital, sources close to the development told Inc42.

The round will also see participation from the startup’s existing investors, including Peak XV Partners and Z47 Partners, among others, the sources added.

Ambak is raising the funding at a post-money valuation in the range of ₹650-680 Cr.

Questions sent to both Ambak and Quona Capital on the funding round didn’t elicit any response till the time of publishing the story.

Founded in 2023 by Raghuveer Malik, Pranav Khattar, Rameshwar Gupta, Ashish Lohia and Rashi Garg, Ambak operates a marketplace for home loans. It has more than 50 lender partners and serves more than 15,000 customers and 3,000 intermediaries.

The startup claims its digital platform helps simplify the home loan process by using its proprietary Bank Rule Engine and integrated credit score tools to match users with the best financiers.

Prior to this, Ambak raised around $7.5 Mn from Peak XV Partners and Z47 Partners in December last year. In January 2025, the startup had bagged $7 Mn in funding.

The funding comes at a time when a number of startups are trying to streamline the process of availing home loans for consumers. The startup competes against the likes of Credit Dharma, EasiLoan by Square Yards, Wishfin, BankBazaar among others.

While BankBazaar bagged ₹55 Cr in funding last year, Square Yards turned unicorn yesterday after raising ₹900 Cr in funding today. Last month. housing finance platform Nivasa Finance secured ₹25 Cr in its seed funding round from Prime Venture Partners.

As per Inc42’s fintech report, digital lending is estimated to contribute around 40% of India’s total fintech revenue by. By 2030, this share is projected to exceed 53%, with the segment expected to surpass $133 Bn within an overall fintech market of $250 Bn.