Oolka has raised Rs 130 crore (nearly $14 million) in a Series A round, led by Accel India, with participation from Lightspeed and Z47 (formerly Matrix Partners). The round also saw participation from Meesho co-founders Vidit Aatrey and Sanjeev Barnwal. The Bengaluru-based startup is now valued at around Rs 730 crore ($87.6 million) post-money.
Capital to drive expansion and platform growth
The funds will be used to support expansion, capital expenditure, and general corporate purposes, as the company scales its AI-led credit platform. Regulatory filings show Accel invested Rs 87.22 crore, while Lightspeed and Z47 contributed ~Rs 20.8 crore each.
Building AI-powered credit management infrastructure
Founded in 2024 by Utkrishta Kumar, Oolka is developing an AI-powered credit management platform that helps users track, manage, and improve their credit health. The platform focuses on actionable insights and personalised guidance, moving beyond simple credit score tracking.
Strong early traction with partnerships and users
Oolka claims to have nearly 2 million users and processed over Rs 100 crore in credit repayments, with ARR projected to cross $1 million. It has partnered with institutions such as Yes Bank, IDFC Bank, and AU Small Finance Bank, strengthening its credit marketplace ecosystem.
Financials and competitive landscape
The company was in a pre-revenue stage in FY25, reporting Rs 5.52 lakh revenue and Rs 5.58 crore loss, and is yet to file FY26 results. It competes closely with GoodScore, while platforms like OneScore, Paisabazaar, and CRED operate in adjacent credit tracking and advisory segments.
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