Bengaluru-based fintech startup Oolka has raised 7 million dollars in a seed round led by Lightspeed India Partners and Z47, with participation from 8i Ventures and several top angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal, Ramakant Sharma of Livspace, and Rajesh Yabaji of BlackBuck. Founded in 2024 by Utkrishta Kumar (UK), former chief experience officer at Meesho, Oolka calls itself India’s first agentic AI credit management platform.
The fresh capital will be used to expand engineering, data science, and product teams while accelerating the rollout of real-time credit improvement tools and building what the company says will be the country’s first AI-native consumer app for credit. “Oolka was founded on a simple belief that every Indian should have access to affordable credit,” said Kumar. “We are scaling an industry-first multi-agentic AI platform that could be the active companion for every credit and personal finance decision in India.”
Unlike traditional score-tracking apps, Oolka’s multi-agent AI system diagnoses a user’s financial situation and, with consent, takes personalised actions such as monitoring repayment schedules, nudging better spending habits, and automating timely payments. Since inception, Oolka has processed more than Rs 100 crore in repayments, is nearing 2 million users, and is on track to cross 1 million dollars in annual recurring revenue.
Lightspeed partner Harsha Kumar said, “We are thrilled to support Oolka as they redefine credit empowerment in India. With their AI-driven focus on actionable credit insights, seamless EMI management, and rewards for responsible financial behavior, Oolka is uniquely positioned to elevate credit wellness for millions.” Vikram Vaidyanathan, managing director at Z47, added, “Oolka’s AI-powered financial companion offers a differentiated journey, diagnosing a user’s financial situation and charting a personalized path forward.”
