Bengaluru-based fintech startup Oolka has raised ₹130 crore (around $14 million) in its Series A funding round. The round was led by Accel, with support from existing investors Lightspeed India Partners and Z47. After this funding, the company is now valued at around ₹730 crore ($87.6 million), which is a big jump from its $7 million seed round in September 2025.
Well-known angel investors like Vidit Aatrey and Sanjeev Barnwal also took part in this round. Oolka plans to use the fresh funds to grow its engineering and product teams, improve its technology, and reach more users.
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AI-Based Credit App Focused on Young Users
Started in 2023, Oolka (registered as Sixdis Technologies) aims to make credit simple and accessible, especially for young Indians. The company is led by founder and CEO Utkrishta Kumar.
Oolka offers a unique AI-powered platform that doesn’t just show your credit score but also takes action for you. It can find errors in your credit report, send emails to fix them, and even help you get better loan terms. The app also tracks credit scores from bureaus like CIBIL and gives users tips to improve their scores. It also uses data like UPI payments and utility bills to help people who don’t have a strong credit history. Other features include EMI tracking, bill payments, and reward points called “Oolka Coins” for good financial habits.
Fast Growth with 2 Million Users
Oolka has already gained close to 2 million users and has processed over ₹100 crore in repayments within two years. It follows a freemium model, where basic services are free, but users can pay for premium features like Oolka AI Plus.
In FY25, the company reported revenue of ₹5.52 lakh but also had a loss of ₹5.58 crore, which is common for fast-growing startups. It is now aiming to cross $1 million in annual recurring revenue soon. Oolka is competing with players like CRED and Paisabazaar, but it stands out because its AI doesn’t just track credit — it actively helps improve it.