PE-VC Fund Investments
Credit mgmt platform Oolka raises Rs.130-Cr led by Accel at Rs.730-Cr valuation
Bengaluru-based credit management platform Oolka has raised INR 130 crore (USD 14 million), led by Accel India, with participation from existing investors Lightspeed, Z47 and Meesho founders Vidit Aatrey and Sanjeev Barnwal. Post transaction, the company is to be valued at INR 730 crore.Founded in 2024 by Utkrishta Kumar, Oolka claims to employ multiple AI agents to monitor repayment schedules, spending patterns, and credit utilization, aiming to improve user habits, automate timely payments, and optimize credit card use.The fresh funding will be used to expand its engineering, data science, and product teams, accelerate the rollout of real-time credit improvement tools, and build an AI-native consumer app for credit. Investments will also be directed towards hyper-personalised user experiences.
In Mar-24, Oolka had attracted about USD 7 M from 8i Ventures, Lightspeed Ventures, Singularity AMC, Z47, and others.For FY25, Oolka had reported about INR 0.06 Cr in Operating Income and about INR 5.6 Cr in Net Loss.
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