Oolka is in advanced talks to raise around $45 million from Bessemer Venture Partners, Prosus and existing investors, according to Moneycontrol. If completed at the reported terms, the AI-powered fintech could see its valuation rise to about $200 million, more than doubling in roughly six months. Moneycontrol
Oolka Funding Talks Signal Fresh Investor Interest in Fintech
Indian fintech startup Oolka is back in the funding market, with the company reportedly in advanced discussions to raise around $45 million in fresh capital. The proposed Oolka funding round is expected to involve Bessemer Venture Partners, Prosus and several of its existing backers.
The funding has not yet been formally announced by Oolka, Bessemer or Prosus. The reported deal is therefore still subject to negotiations and could change before completion. Moneycontrol reported that Bessemer is likely to invest around $20 million, while Prosus could contribute approximately $10 million. Existing investors are expected to provide the remaining $15 million. Moneycontrol
If the transaction closes on the reported terms, it would represent a major step up for the Bengaluru-based startup, which operates in the AI-powered consumer credit and personal finance segment.
$200 Million Valuation Would Mark Sharp Six-Month Jump
The most significant part of the proposed deal is Oolka’s reported valuation.
According to Moneycontrol, the startup is now being valued at around $200 million in ongoing negotiations. That compares with a valuation of approximately $90 million when Oolka raised its previous round in April 2026. The proposed valuation would therefore represent more than a twofold increase in roughly six months. Moneycontrol
Oolka raised $14 million in its April Series A round led by Accel, with existing investors Lightspeed and Z47 also participating. Meesho co-founders Vidit Aatrey and Sanjeev Barnwal invested in the company in their personal capacities.
At that time, the company said the funding would be used to strengthen its AI engineering and product teams, expand its agentic capabilities and develop partnerships with banks and non-banking financial companies. Business Standard
The rapid rise in reported valuation highlights the investor interest surrounding AI-led financial products, particularly those targeting consumer credit and financial management.
Bessemer and Prosus Could Lead the New Oolka Round
Bessemer Venture Partners is expected to play the biggest role in the proposed funding round. Moneycontrol reported that the venture capital firm could invest about $20 million.
Prosus is also expected to participate with around $10 million. The remaining portion could come from existing investors, including Accel, Lightspeed, 8i Ventures and others. Moneycontrol
The involvement of Prosus is notable because the investment firm has previously been associated with Meesho, where Oolka founder Utkrishta Kumar worked before starting the fintech.
The proposed structure also indicates continued backing from Oolka’s existing investors. Rather than relying entirely on new capital, the company could see previous backers participate alongside new investors in the latest round.
However, the final investor mix and funding amount will depend on the completion of negotiations.
Oolka Uses AI to Manage Credit and Personal Finance
Oolka was founded by Utkrishta Kumar and is focused on using artificial intelligence to help consumers manage credit-related decisions.
The company positions itself as an AI-powered credit management platform rather than a conventional lending company. Its technology is designed to help users understand their credit position, manage loans and repayments, monitor credit utilisation and make financial decisions.
Oolka has also been developing an agentic AI model in which multiple AI agents can analyse a user’s financial situation and, with user consent, assist with specific actions. These can include repayment reminders, credit utilisation management and recommendations aimed at improving a user’s financial profile. Moneycontrol
The company said in April that it had more than six million registered users and over $2.5 million in annual recurring revenue. It also had partnerships with lenders including IDFC FIRST Bank, DMI Finance, L&T Finance, DSP Finance and InCred. Business Standard
Startup’s Strategy Is Moving Beyond Credit Scores
Oolka’s business strategy has also expanded beyond simply helping consumers monitor their credit scores.
The company has said it wants to develop a broader financial operating system for Indian consumers. That includes helping users manage different aspects of their financial lives rather than focusing only on credit improvement.
This shift is important because consumer finance platforms face competition from banks, lending platforms, credit-management companies and other fintech businesses. Oolka is attempting to differentiate itself through AI-driven recommendations and personalised financial assistance.
Its earlier funding was used to strengthen engineering, data science and product capabilities, while the company has also been working on partnerships with financial institutions. Moneycontrol
If the latest funding is completed, the additional capital could give Oolka more room to expand these products and invest further in its AI infrastructure.
Why the Oolka Deal Matters for India’s Fintech Market
The proposed Oolka funding comes at a time when investors are showing renewed interest in Indian fintech companies, particularly businesses combining financial services with artificial intelligence.
Oolka’s reported valuation jump is also notable because the company could return to the fundraising market only around six months after its previous institutional round. Moneycontrol described the proposed deal as Oolka’s second fundraise in roughly six months. Moneycontrol
For investors, the attraction appears to be tied to the combination of a large consumer finance opportunity and an AI-led product model. Oolka is targeting consumers who need assistance with credit, loans and broader personal finance decisions.
Still, the proposed $200 million valuation should not be treated as a completed valuation until the funding transaction is officially closed. The current figures are based on people familiar with the negotiations, and the final terms could change.
What Happens Next for Oolka
The immediate focus will be on whether Oolka finalises the reported $45 million round and whether Bessemer, Prosus and existing investors participate on the terms currently being discussed.
If completed, the transaction would give Oolka significantly more capital to expand its AI capabilities, product offering and financial partnerships.
It would also mark a substantial increase from the company’s reported $90 million valuation in April. For India’s fintech ecosystem, the deal could become another indicator of how investors are pricing startups that combine artificial intelligence with consumer financial services. Moneycontrol
Key Takeaways
- Oolka is reportedly in advanced talks to raise around $45 million.
- Bessemer could invest about $20 million, while Prosus may put in around $10 million.
- The proposed deal could value Oolka at roughly $200 million, up from about $90 million in April.
- The funding has not been formally announced and remains subject to negotiations.
FAQ
Q1. How much funding is Oolka reportedly raising?
Oolka is reportedly in advanced discussions to raise around $45 million in a fresh funding round, according to Moneycontrol. Moneycontrol
Q2. What could Oolka’s valuation be after the funding?
The startup is reportedly being valued at around $200 million in the ongoing negotiations, compared with approximately $90 million in April 2026. Moneycontrol
Q3. Who could invest in Oolka’s latest funding round?
Bessemer Venture Partners is expected to contribute around $20 million and Prosus around $10 million, with existing investors potentially contributing the remaining amount. Moneycontrol
Q4. What does Oolka do?
Oolka is an AI-powered credit management and consumer finance platform. It uses AI agents to help users manage credit, loans, repayments and other financial decisions. Moneycontrol
