Oolka raises Rs 130 Cr Series A led by Accel as agentic AI credit grows fast

New round allots shares at a steep premium

Credit management startup Oolka has secured a Rs 130 crore Series A round led by Accel India, with follow-on investment from Lightspeed and Z47. In a regulatory filing, the company approved equity and CCPS allotments at extremely high per-share premiums. The raise comes after a $7 million round earlier this year, with Oolka citing rapid user adoption, over Rs 100 crore processed in repayments, and nearly $1 million in annual recurring revenue.