Overview

• The seed round was co-led by Lightspeed India and Z47 with participation from 8i Ventures and angel backers including Meesho’s Vidit Aatrey and Sanjeev Barnwal, Ramakant Sharma, Abhishek Goyal, Rajesh Yabaji, Nitin Gupta, Madhusudanan R, Anil Goteti, and Arnav Kumar.
• Founded in 2024 by former Meesho executive Utkrishta Kumar, Oolka is building an agentic AI credit assistant that monitors credit profiles and, with user consent, drafts communications and negotiates with lenders.
• Oolka reports nearly two million users, more than INR 100 crore processed in repayments, and revenue approaching $1 million in ARR, with these figures attributed to the company.
• Proceeds will support hiring across engineering, data science, and product while accelerating development of new AI features, including voice-based services and real-time credit improvement tools.
• The company runs a credit marketplace with partners such as YES Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance, and InCred, and it earns primarily through distribution and cross-selling rather than credit score repair.