Oolka
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Investors
Founders
About
Oolka is a Bengaluru-based agentic AI credit management platform founded in 2024 by Utkrishta Kumar, a former Meesho executive 12. The company describes itself as India’s first agentic AI-powered credit companion, helping users track, pay, and earn cashback on loan EMIs while managing their credit health 3. As of the Series A announcement, Oolka reports approximately 6 million registered users, $2.5 million in annual recurring revenue, and partnerships with lenders including IDFC First Bank, DMI Finance, and L&T Finance 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-04-30 | Series A | ₹130 Cr (~$14M) | Accel | Lightspeed, Z47, Vidit Aatrey, Sanjeev Barnwal 123 |
| 2025-09-24 | Seed | $7M | Lightspeed India, Z47 | 8i Ventures, Vidit Aatrey, Sanjeev Barnwal, Ramakant Sharma, Abhishek Goyal, Rajesh Yabaji, Nitin Gupta, Madhusudan R, Anil Goteti, Arnav Kumar 45 |
Per regulatory filings reported by Entrackr ahead of the official announcement, the Series A was struck at a post-money valuation of approximately ₹730 Cr (~$87.6M), with Accel investing ₹87.22 Cr, Lightspeed ₹20.87 Cr, Z47 ₹20.86 Cr, and Meesho co-founders Vidit Aatrey and Sanjeev Barnwal contributing ₹32.65 lakh each 6.
What Investors Say
“Oolka’s AI companion puts users in control of their credit decisions and delivers real, contextual, and transparent outcomes.”
— Anish Patil, Z47 3
“What stood out to us is the depth of consumer trust — users aren’t just engaging with the product, they’re seeing tangible outcomes.”
— Sarthak Singh, Accel 3
“Oolka helps close that gap by giving borrowers real, practical guidance instead of just static information.”
— Harsha Kumar, Lightspeed 3
What Founders Say
“Financial services in India have been product-led for too long, leaving consumers to figure things out on their own. We are flipping that model.”
— Utkrishta Kumar, Founder & CEO, Oolka 3
Sources
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Entrackr, “Credit lifecycle platform Oolka raises $14 Mn in Series A led by Accel,” April 30, 2026. https://entrackr.com/news/credit-lifecycle-platform-oolka-raises-14-mn-in-series-a-led-by-accel-11780445↩↩↩
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Inc42, “Credit Management Startup Oolka Bags $14 Mn In Accel-Led Series A Round,” April 30, 2026. https://inc42.com/buzz/credit-management-startup-oolka-bags-14-mn-in-accel-led-series-a-round/↩↩↩
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Z47, “India AI Fintech Oolka Raises $14M Series A With Z47 Backing,” April 30, 2026. https://z47.com/news/india-ai-fintech-oolka-14m-series-a-z47-backing↩↩↩↩↩↩
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YourStory, “Oolka raises $7M funding led by Lightspeed, Z47 for its agentic credit assistant,” September 24, 2025. https://yourstory.com/2025/09/oolka-funding-7m-seed-round-lightspeed-z47-agentic-credit-assistant↩
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Entrackr, “Oolka raises $7 Mn in seed round led by Lightspeed and Z47,” September 24, 2025. https://entrackr.com/snippets/oolka-raises-7-mn-in-seed-round-led-by-lightspeed-and-z47-10497497↩
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Entrackr (exclusive), “Oolka raises Rs 130 Cr in Series A led by Accel at Rs 730 Cr valuation,” April 24, 2026. https://entrackr.com/exclusive/exclusive-oolka-raises-rs-130-cr-in-series-a-led-by-accel-at-rs-730-cr-valuation-11760159↩