Oolka, an AI-powered credit management platform in India, has secured Rs 130 crore ($14 million) in a fresh round led by Accel India, per regulatory filings. Meanwhile, digital lending platform Kissht’s parent has raised R278 crore from anchor investors ahead of its first public listing.
Credit lifecycle platform Oolka raises funding
Oolka, an AI-powered credit management platform in India, has secured Rs 130 crore ($14 million) in a fresh round led by Accel India, per regulatory filings.
Its existing backers, Lightspeed, z47 (formerly Matrix Partners India) and the founders of Meesho, Vidit Aatrey and Sanjeev Barnwal, have participated in the round
Founded in 2024 by ex-Meesho chief experience officer Utkrishta Kumar, Oolka plans to use the capital to scale its team and build an AI-driven consumer credit app in India, focused on real-time credit improvement and personalised user experiences.
Young Indians, especially Gen Z and millennials, are increasingly checking their credit scores, and Oolka is focusing on this group with an AI tool to improve credit access and trust.
IPO-bound Kissht raises capital from anchor investors
Digital lending platform Kissht’s parent company, OnEMI Technology, has raised R278 crore from anchor investors ahead of its first public listing.
A host of domestic mutual funds and global investors participated in the round, which includes names like HDFC MF, ICICI Prudential MF, WhiteOak Capital, Bandhan MF, Quant MF, Ashoka India Equity Investment Trust, Goldman Sachs, BNP Paribas, and Citigroup, among others.
Established in 2016, Kissht offers digital lending services aimed at young, mass-market consumers. The startup claims to have 53.23 million registered users and 9.16 million customers as of March 2025.
The company’s Rs 926 crore IPO is set to open for subscription on April 30 and will close on May 5.
