India, Sept. 24 -- Former Meesho executive Utkrishta Kumar's new AI-led fintech venture Oolka has raised $7 Mn (around INR 62 Cr) in its seed funding round co-led by Lightspeed India and Z47 (formerly Matrix Partners India).

The round also saw participation from 8i Ventures and angel investors, including Meesho cofounders Vidit Aatrey and Sanjeev Barnwal, Livspace cofounder Ramakant Sharma, Tracxn cofounder Abhishek Goyal, BlackBuck cofounder Rajesh Yabaji, Uni Cards cofounder Nitin Gupta, M2P Fintech cofounder Madhusudan R, Scapia founder Anil Goteti, Leap cofounder Arnav Kumar, among others.

Founded by Kumar in January 2024, Oolka leverages AI to help users track their credit scores and suggest personlised solutions. The startup claim...