Oolka, an AI-driven credit management platform based in Bangalore, India, has successfully raised $7 million in Seed funding. The funding round was led by Lightspeed India Partners and Z47, with additional participation from 8i Ventures and several prominent angel investors. Lightspeed India Partners is a major venture capital firm focusing on the Indian and Southeast Asian startup ecosystems, while Z47 specializes in early-stage technology investments in sectors like fintech and AI.
Oolka plans to utilize the funding to enhance its engineering, data science, and product teams, accelerate the rollout of AI features, and introduce new consumer tools for real-time credit improvement. The company aims to create hyper-personalized user experiences.
Founded in 2024 by Utkrishta Kumar, Oolka provides a platform for users in India to monitor and improve their credit scores using AI technology. With over 2 million users and partnerships with major Indian banks, Oolka has processed significant credit repayments. The company is headquartered in Bangalore, India, and is committed to democratizing access to better credit and financial health through its advanced AI solutions.
