Oolka, an agentic AI credit management platform, has raised $7 million in its seed funding round led by Lightspeed India Partners and Z47.
The round also saw participation from 8i Ventures and a group of prominent angel investors, including Vidit Aatrey, Sanjeev Barnwal, Ramakant Sharma, Abhishek Goyal, Rajesh Yabaji, Nitin Gupta, Madhusudan R, Anil Goteti, Arnav Kumar, and others.
The funds raised will be used to scale its engineering, data science, and product teams, while accelerating the rollout of advanced AI features. Oolka aims to launch new tools for real-time credit improvement, build the first AI-native consumer app in credit, and invest in hyper-personalized user experiences powered by agentic AI.
Founded in 2024 by Utkrishta Kumar, Oolka is an agentic AI-powered credit management platform. It is building an AI-powered financial agent that helps users not only track but also actively improve their credit health.
Since its inception, Oolka has already processed over ₹100 crore in credit repayments, is approaching 2 million users, and is on track to cross $1 million ARR. The platform has established partnerships with leading financial institutions, including Yes Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance & InCred to strengthen its credit marketplace.
Utkrishta Kumar, Founder of Oolka, said, “Oolka was founded on a simple belief that every Indian should have access to affordable credit. Our mission today is to democratize access to better credit and financial health through agentic AI. This mission is built on trust since our users rely on us to handle one of the most important aspects of their lives, their credit. We are scaling an industry-first multi-agentic AI platform that could be the active companion for every credit & personal finance decision in India.”
Harsha Kumar, Partner, Lightspeed, 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. We look forward to partnering with Utkrishta and the team as they scale their mission and drive deeper financial inclusion across the country.”
Vikram Vaidyanathan, Investor and Managing Director, Z47, said, “Millions of Indians are striving to improve their credit health; it’s the need of the hour, both for them and for the financial services ecosystem. Oolka’s AI-powered financial companion offers a differentiated journey: it diagnoses a user’s financial situation and charts a personalized path forward, focused on improving daily habits and actions. We believe Oolka is well-positioned to build deep trust and become the financial companion of choice. Wishing Utkrishta and the team godspeed on their journey ahead.”
