Oolka Raises $7 Million Seed Funding Led by Lightspeed to Scale AI Credit Platform

New Delhi, September 24, 2025 – Oolka has secured $7 million (approximately ₹62 crore) in seed capital from Lightspeed, establishing an AI-backed credit management platform. Founded by Meesho’s Chief Business Officer Utkristha Kumar, Oolka also secured funds from Meesho founders Vidit Aatrey and Sanjeev Barnwal and some high-profile angel investors.

Strong Investor Base

The fund engaged with Lightspeed India Partners, Z47, and 8i Ventures and a list of top entrepreneurs, including:

• Ramakant Sharma, Founder of Livspace
• Abhishek Goyal, Co-founder of Tracxn
• Rajesh Yabaji, Co-founder of BlackBuck
• Nitin Gupta, Founder of Uni Cards
• Madhusudan R, Co-founder of M2P
• Anil Goteti, Founder of Scapia
• Arnav Kumar Founder of Leap Finance

Oolka’s Vision and Growth

Kumar explained that the business has a philosophy of making sure every Indian has access to low-cost financing. “Democratizing access to better credit and improved personal finances with agentic AI is our vision. We are scaling an industry-first multi-agent AI platform that can become the active companion of every single credit and personal finances choice of India,” he further added.

Since its launch, Oolka has processed over ₹100 crore of lending payments and has nearly 20 lakh customers. Additionally, the startup has the potential to reach $1 million (₹8.5 crore) in annual recurring revenue.

Future Plans with Fresh Capital

New funds generated will go towards accelerating Oolka’s engineering, data science, and product teams and the release of sophisticated AI tools. Key initiatives among them are:

• Introducing real-time credit rebuilding products
• Constructing India’s first AI-native consumer credit app
• Driving hyper-personalized investment experiences with agentic AI

Strategic Partnerships

Oolka has further established collaborations with leading banks such as Yes Bank, IDFC Bank, AU Small Finance Bank, Muthoot Finance, and InCred with an aim of strengthening credit marketplace products.

Supporting the vision of the company, Harsha Kumar at Lightspeed stated: Through their actionable AI-driven credit insights, seamless EMI handling, and good behavior reward, Oolka has a unique positioning that can elevate the credit wellness of millions.

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