Utkrishta Kumar (Oolka)
Overview
Utkrishta Kumar is an Indian entrepreneur known for founding Oolka, a Bengaluru-based fintech startup focusing on AI-powered credit management solutions. Before establishing Oolka, Kumar held senior positions at Meesho, a significant online reselling platform in India, and has experience in business strategy and finance. Kumar's venture aims to redefine credit empowerment in India, utilizing AI to offer personalized financial solutions to enhance users' credit scores and manage their finances effectively.
Recent Developments
- In September 2025, Oolka raised $7 million in seed funding, co-led by Lightspeed India Partners and Z47, with contributions from 8i Ventures and several angel investors associated with successful startups like Meesho and Livspace.
- The company plans to use the funds to enhance its engineering and product development teams, focusing on integrating advanced AI features.
- Oolka, leveraging AI-driven insights, has impacted over 2 million users and processed more than ₹100 crore in credit repayments.
- Kumar announced the integration of AI agents powered by LLMs, such as Gemini and ChatGPT, which can negotiate with lenders to reduce users' interest rates when permitted.
- Oolka has launched services to manage EMIs, optimize financial health, and act as a comprehensive credit companion accessible 24/7.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Utkrishta Kumar |
| Born | Location not specified |
| Nationality | Indian |
| Occupation | Entrepreneur, CEO of Oolka |
| Known For | Founder of Oolka, Ex-Meesho Executive |
| Net Worth | Not publicly disclosed |
| Education | Indian Institute of Technology, Kharagpur |
Early Life and Education
Details about Utkrishta Kumar's early life are limited. However, he completed his higher education at the prestigious Indian Institute of Technology (IIT) Kharagpur, a renowned institution for producing some of India's top engineers and leaders. This academic background provided Kumar with a strong foundation in technology and business, which later aided his roles in various capacities at technological and finance-focused companies.
Career and Notable Achievements
Utkrishta Kumar's career highlights include senior roles at renowned companies:
- Meesho: Kumar played a significant role in Meesho's expansion and strategy, a vital experience that informed his knowledge in business scalability and online marketplaces.
- Oolka: Founded in 2024, Oolka is Kumar’s most prominent venture, specializing in AI-enabled tools for credit score management, financial empowerment, and expanding access to credit.
- Awards and Recognition: While specific awards and recognitions are not documented, Kumar's leadership in successfully raising significant capital and steering Oolka towards technological innovations mark notable achievements.
Current Work and Impact
Currently, Utkrishta Kumar is actively managing Oolka, which is gaining traction in the fintech landscape of India. The startup employs AI to streamline credit management and has positioned itself as a change-maker in financial inclusion, providing advanced tools that help individuals and businesses in India manage, improve, and leverage their credit scores. Oolka's impactful presence in the financial tech scene underscores Kumar's vision of widespread financial empowerment and innovation in credit management.
Conclusion
Utkrishta Kumar has significantly influenced the fintech landscape by establishing Oolka, an AI-centric platform revolutionizing credit management in India. Kumar's efforts reflect a broader mission to make financial services more accessible and intelligent through cutting-edge technology. As financial technology continues to evolve, Kumar's work through Oolka promises to shape future developments in digital finance and credit empowerment.