Oolka raises Series A funding led by Accel
24 Apr 2026, 05:48 PMThe round also saw participation from existing investors Lightspeed and Z47.
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Oolka, an AI-powered credit management startup, has raised Rs 130 crore in a Series A funding round led by Accel India, which put in Rs 87.22 crore of the total raise.
The round also saw participation from existing investors Lightspeed and Z47 (formerly Matrix Partners), which contributed Rs 20.87 crore and Rs 20.86 crore, respectively, the Entrackr reported citing filings with the Registrar of Companies (RoC).
Meesho co-founders Vidit Aatrey and Sanjeev Barnwal also joined in personally, each investing Rs 32.65 lakh.
The funding round valued Oolka at approximately Rs 730 crore post-money.
The Bengaluru-based startup plans to deploy the fresh capital toward expansion and growth, including capital expenditure and general corporate purposes.
Oolka was founded in 2024 by Utkrishta Kumar, who previously held a senior role at Meesho. The platform offers an AI-driven credit management solution that helps users track, manage, and improve their credit health.
It has partnered with Yes Bank, IDFC Bank, and AU Small Finance Bank to power its credit marketplace. At the time of its previous fundraise, the company had reported nearly 2 million users and over Rs 100 crore in processed credit repayments, with ARR projected to soon cross $1 million.
Prior to this round, Oolka had raised $7 million in a seed round led by Lightspeed and Z47.
The AI-driven credit improvement space has drawn investor attention in India. GoodScore raised $13 million led by Peak XV in October last year.
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