Round led by Lightspeed and Z47, with participation from 8i Ventures and leading angels
Bengaluru | 24th September, 2025
At Z47, we back founders building for India’s most urgent financial needs. Credit is at the heart of India’s growth story, and empowering millions to access and manage it responsibly is critical.
We’re proud to announce our investment in Oolka, India’s first agentic AI credit management platform. The $7 million Seed round is co-led by Z47 and Lightspeed, with participation from 8i Ventures.
Founded by Utkrishta Kumar, former Chief Business Officer at Meesho, Oolka is backed by a strong network of angels, including Vidit Aatrey, Sanjeev Barnwal, Ramakant Sharma, Abhishek Goyal, Rajesh Yabaji, Nitin Gupta, Madhusudanan R, Anil Goteti, Arnav Kumar, among others. Oolka’s leadership includes CTO Harsh Tripathi, former VP of Technology at PayTM and CFO Jatin Mazalcar, former CFO at Meesho.
India is witnessing a generational shift in credit behaviour. As of March 2024, 119 million Indians actively monitored their credit scores, with a 51% YoY surge in adoption. 77% of these were Gen Z and millennials: young, mobile-first borrowers seeking better ways to manage credit. Oolka’s Agentic AI Credit Companion is uniquely suited to be their trusted financial ally.
Oolka is reimagining how Indians engage with credit. Its agentic AI platform acts on behalf of users: closing inactive accounts, removing score inaccuracies, negotiating better interest rates, and increasing credit limits, empowering users to actively improve their credit health and access better opportunities.
“Oolka was founded on a simple belief: every Indian deserves affordable credit,” said Utkrishta Kumar, Founder, Oolka. “Our mission is to democratize access to financial health through agentic AI. We’re building a companion that can be at the heart of every credit decision in India.”
Oolka’s early business trajectory has been very encouraging:
- Processed over ₹100 crore in repayments, serving nearly 2 million users
- Sent over 100,000 requests on behalf of users for better control of their credit
- Closing in on $1mn ARR
Speaking about the seed round, Vikram Vaidyanathan, Managing Director at Z47 said:
“Millions of Indians are striving to improve their credit health, it's the need of the hour, both for them and for the financial services ecosystem. Oolka’s AI-powered financial companion offers a differentiated journey: it diagnoses a user’s financial situation and charts a personalised path forward, focused on improving daily habits and actions. We believe Oolka is well-positioned to build deep trust and become the financial companion of choice. Wishing Utkrishta and the team godspeed on their journey ahead.”
Harsha Kumar, Partner, Lightspeed: “We are thrilled to support Oolka as they redefine credit empowerment in India. With their AI-driven focus on actionable credit insights, seamless EMI management, and rewards for responsible financial behavior, Oolka is uniquely positioned to elevate credit wellness for millions. We look forward to partnering with Utkrishta and the team as they scale their mission and drive deeper financial inclusion across the country.”
With the right founder, the right moment, and a massive need, Oolka is poised to shape the future of credit in India. We’re proud to be on this journey with them.
About Oolka
Oolka is India’s first agentic AI-powered credit management platform. Founded in 2024 by Utkrishta Kumar, Oolka empowers individuals to take actionable steps toward improving their financial and credit health. Its mission is to democratize access to better credit and long-term financial wellness through the power of agentic AI. With over ₹100 crore in credit repayments processed and close to 2 million users already, Oolka aims to be at the forefront of the financial revolution of aspirational India. www.oolka.in
About Z47
Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets.
Z47’s focus sectors include Financial Services, Consumer, B2B, Advanced Manufacturing and Enterprise AI amongst others. We are proud partners to several Financial Services companies; select ones include Jupiter, OneCard, Oxyzo, and Scapia. Other select investments include Dailyhunt, Five Star Business Finance, OfBusiness, Ola, Ola Electric, and Razorpay.
Z47 has offices in Mumbai, Delhi, Bengaluru and GIFT City.
For more information, please contact: newsroom@z47.com
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