Oolka raises $7 million in seed funding led by Lightspeed, Z47
24 Sep 2025, 03:15 PMThe funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal.
Team Head&Tale
Share the story on
Oolka, an AI-powered credit management startup, said it has raised $7 million in its seed funding round led by Lightspeed India Partners and Z47.
The funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal, Ramakant Sharma (Livspace), Abhishek Goyal (Tracxn), Rajesh Yabaji (BlackBuck), Nitin Gupta (Uni), Madhusudan R (M2P Fintech), Anil Goteti (Scapia), and Arnav Kumar (FireSide Ventures).
The Bengaluru-based startup will use the fresh capital to expand its engineering, data science and product teams, accelerate the rollout of real-time credit improvement tools, and build what it claims will be the country's first AI-native consumer app for credit.
Oolka was founded in 2024 by Utkrishta Kumar, formerly chief experience officer at Meesho and an IIT Kharagpur graduate.
The startup develops an agentic AI platform that both diagnoses a user's financial situation and takes personalised actions on their behalf with consent, using multiple AI agents to monitor repayment schedules, spending patterns, and credit utilisation to nudge users towards better habits.
"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," said
Harsha Kumar, partner, Lightspeed India.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
