TLDR: Oolka, an AI-driven credit management platform founded by Utkristha Kumar (ex-Meesho CBO), has successfully raised $7 million (approximately ₹62 crore) in seed funding. The round was led by Lightspeed India Partners and Z47, with participation from 8i Ventures and several prominent angel investors. The capital will be used to expand engineering, data science, and product teams, accelerate the rollout of advanced AI features, and democratize access to credit solutions in India.
New Delhi, September 24, 2025 – Oolka, an innovative agentic AI credit management platform, today announced it has secured $7 million (approximately ₹62 crore) in a seed funding round. The investment was spearheaded by Lightspeed India Partners and Z47, with significant contributions from 8i Ventures and a consortium of high-profile angel investors. These include Meesho founders Vidit Aatrey and Sanjeev Barnwal, Livspace founder Ramakant Sharma, Tracxn co-founder Abhishek Goyal, BlackBuck co-founder Rajesh Yabaji, Uni Cards founder Nitin Gupta, M2P co-founder Madhusudan R, Scapia founder Anil Goteti, and Leap Finance founder Arnav Kumar.
Founded in 2024 by Utkristha Kumar, formerly the Chief Business Officer at Meesho, Oolka is built on the conviction that every Indian deserves access to affordable credit. Kumar articulated the company’s vision, stating, “Democratizing access to better credit and improved personal finances with agentic AI is our vision. We are scaling an industry-first multi-agent AI platform that can become the active companion of every single credit and personal finances choice of India.”
Since its inception, Oolka has demonstrated rapid growth, processing over ₹100 crore in credit repayments and serving nearly 2 million users. The startup is also on track to achieve an annual recurring revenue (ARR) of $1 million (approximately ₹8.5 crore).
The newly acquired funds will be strategically deployed to bolster Oolka’s engineering, data science, and product teams, thereby accelerating the development and deployment of advanced AI features. Key initiatives include the introduction of real-time credit rebuilding products, the creation of India’s first AI-native consumer credit app, and the cultivation of hyper-personalized investment experiences powered by agentic AI.
Oolka has also forged strategic partnerships with leading financial institutions, including Yes Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance, and InCred, to enhance its credit marketplace offerings.
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Harsha Kumar, Partner at Lightspeed, expressed enthusiasm for the investment, remarking, “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 good behavior reward, Oolka has a unique positioning that can elevate the credit wellness of millions.”
