# Bengaluru-based fintech startup Oolka has raised $14 million in a funding round led by Accel.

*fintech · news · 2026-04-30 · The Economic Times*

## Key points

- Oolka has raised $14 million in a round led by Accel with Lightspeed and Z47 participating.
- Oolka plans to use the funds to scale AI-driven creditworthiness solutions and expand bank partnerships.
- The startup will introduce new personal finance management stacks, including savings-focused tools beyond credit improvement.
- Oolka now counts six million users and $2.5 million annual recurring revenue since its launch in 2024.
- Meesho cofounders Vidit Aatrey and Sanjeev Barnwal invested personally in this funding round.

Synopsis Bengaluru's Oolka, a fintech startup, secured $14 million led by Accel, with Lightspeed and Z47 also participating. The funds will bolster AI-driven creditworthiness solutions and expand bank partnerships. Oolka aims to offer comprehensive personal finance management, including savings tools, to its six million users. This marks their second significant funding round. Listen to this article in summarized format Bengaluru-based fintech startup Oolka has raised $14 million in a funding round led by Accel, with participation from existing investors Lightspeed and Z47 (Matrix Partners India). Meesho cofounders Vidit Aatrey and Sanjeev Barnwal also invested in the round in their personal capacity, the company said. The startup plans to use the funds to scale its product and engineering teams and build AI-powered solutions to help customers improve creditworthiness and access credit at better rates. It also aims to expand partnerships with banks and non-banking financial companies to offer customers a wider range of lending options. Oolka founder Utkrishta Kumar told ET the company will work on building new product stacks that can help customers with their entire personal finance requirements thereby going beyond offering credit score improvement. “We are currently looking at helping them to manage their savings and loan products better, the target is to help them save more rather than build investment products right away,” Kumar said. ET had reported on March 12 that the deal was in the works. This is the startup’s second major fundraise. In September 2025, Oolka raised $7 million from Lightspeed and Z47. With this round its total raise comes to around $21 million since inception. Founded in 2024 by Kumar, former business head at Meesho, Oolka said it has six million registered users and an annual recurring revenue of $2.5 million. “We have some features which are freely available for the consumer, for advanced features there is a paid subscription model available,” Kumar said. Oolka’s launch comes amid rising activity in the credit improvement segment, with fintech startups using AI-led models to help borrowers improve scores and access formal credit channels. (Catch all the Technology News News, and Latest News Updates on The Economic Times.) ...more

**Companies:** Oolka
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/funding/oolka-raises-14-million-led-by-accel/articleshow/130620781.cms)

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