Accel set to lead $12 million round in AI fintech Oolka
Early-stage venture fund Accel is set to lead a $12 million round in AI-powered fintech Oolka, according to two people in the know.
The round comes on the back of a $7 million infusion led by Lightspeed and Z47 last September. The company counts Livspace founder Ramakant Sharma, Meesho’s Vidit Aatrey, and Blackbuck’s Rajesh Yabaji as angel investors.
Founded in 2023 by Utkrishta Kumar who was previously the chief business officer at ecommerce major Meesho, Oolka’s credit marketplace is integrated with AU Small Finance Bank, Yes Bank, and IDFC First Bank. The company has also partnered with Mumbai-based financial services player InCred.
