Ambak: Fintech startup Ambak raises $7 million in round led by Peak XV’s Surge

Fintech startup Ambak, which streamlines the home loan process, has raised $7 million in a funding round combining seed and pre-Series A investments, led by Peak XV’s Surge.The round also saw participation from Peak XV Partners, which doubled down for the pre-Series A, Advantedge VC, DeVC (anchored by Z47), and angel investors.

The funds will be used for expanding operations to 35 cities, with a goal of serving over 100,000 customers and surpassing $1 billion in loan disbursements by FY26.

“We’re going to be expanding geographically. Now that we’ve…