Fresh investment activity is expected in India’s AI-driven fintech sector as Oolka prepares to raise $12 million in a new funding round. The round is set to be led by Accel and will support the startup’s plans to expand its artificial intelligence-based financial infrastructure platform.
The upcoming investment comes only months after the Bengaluru-based startup secured $7 million in a seed funding round led by Lightspeed India Partners and Z47. According to people familiar with the development, the new round is also expected to include participation from existing investors and additional new backers. However, the final structure of the deal is still being worked out.
Founded by Neeraj Baid and Nikhil Rathi, Oolka develops AI-powered technology designed to help financial institutions automate operations and improve efficiency across lending and financial services workflows. Its platform uses artificial intelligence to analyse financial data and support decision-making for banks, fintech firms and other financial service providers.
The startup focuses on building tools that simplify credit management and enhance operational efficiency. Its AI-driven platform enables organisations to process financial information faster while improving accuracy in lending-related decisions.
Along with enterprise-focused solutions, Oolka is also exploring consumer-facing tools that offer personalised guidance on managing credit requirements, consolidating debt products and improving financial profiles. The platform uses AI agents to help users manage borrowings, dues and financial planning more effectively.
The fresh capital is expected to support the company’s next growth phase. The funding will help expand product capabilities, strengthen the engineering team and accelerate customer acquisition among financial institutions.
Oolka has also attracted several prominent angel investors, including Ramakant Sharma of Livspace, Vidit Aatrey of Meesho and Rajesh Yabaji of Blackbuck.
Investor interest in AI-led fintech infrastructure has been growing in recent years. Financial institutions are increasingly adopting automation technologies to improve operational efficiency, reduce costs and strengthen risk management.
Accel has been an active investor in India’s startup ecosystem, supporting several high-growth companies in fintech, enterprise software and artificial intelligence. The planned investment in Oolka highlights rising venture capital interest in startups building AI-powered infrastructure for financial services, a segment witnessing increasing global adoption.
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