Funding · Financial Services

Oolka raises $14M Series A led by Accel

What they do

Oolka uses AI agents to help users improve credit scores and manage personal finances

It raised $14M in Series A funding led by Accel, with Lightspeed and Z47 also participating

The company has 2 million registered users and an ARR projected to cross $1M

Oolka raised $14M in Series A funding in April 2026.
The round was led by Accel, with participation from Lightspeed and Z47.
Angel investors Vidit Aatrey and Sanjeev Barnwal, cofounders of Meesho, also invested.
The company has raised about $21M since its founding in 2024.
Its previous round was a $7M seed in September 2025, led by Lightspeed and Z47.
Oolka's post-funding valuation is approximately $87.6M.
It has 6 million registered users and an ARR of $2.5M.

India's consumer credit market is projected to reach $91.88B by 2033, growing at a CAGR of 9.70%.
Over 420 million Indians have a credit history, and 183 million track their scores as of December 2025.
NBFCs account for over 60% of new-to-credit accounts.
Indian AI companies raised $721M in Q1 2026, up 124% year-on-year.
Fintech funding in India was $513M across 45 deals in Q1 2026.

Oolka provides AI agents that help users improve their credit scores.
It offers personalized loan recommendations and personal finance management tools.
The company uses a freemium model: free basic features plus a paid subscription for advanced features.
It partners with banks and NBFCs including IDFC First Bank, DMI Finance, L&T Finance, DSP Finance, and InCred.
Oolka was founded in 2024 by Utkrishta Kumar, former business head at Meesho.

Accel (lead) — Global venture capital firm.
Lightspeed (participant) — Venture capital firm focused on enterprise and consumer tech.
Z47 (participant) — India-focused venture capital firm, formerly Matrix Partners India.
Vidit Aatrey (angel) — Cofounder of Meesho.
Sanjeev Barnwal (angel) — Cofounder of Meesho.

Product: AI-driven financial platform using agentic AI to manage credit lifecycle, identify issues, and personalize recommendations
Customers: Consumers seeking to improve credit scores and manage personal finances
How it makes money: B2C SaaS with subscription model; partnerships with banks and NBFCs
What sets it apart: Agentic AI takes remedial measures; full-stack financial OS ambition; 6M users; $2.5M ARR