Otto Money raises $1.3 Mn Pre-seed Funding Led By Pravega Ventures

Wealthtech startup Otto Money has raised USD 1.3 million in a pre-seed funding round led by Pravega Ventures.

The funding round also included several angel investors. These included Rishi Kohli, CIO at Jio BlackRock AMC; Amit Gupta, founder of inmobi and yulu; Amit Agarwal, founder of NoBroker; and Mohit Aron, founder of Nutanix and Cohesity. Existing investors also took part in the round.

The fresh funding will be used over the next 12 to 18 months to improve the company’s AI models, make its services more personalised, and strengthen its goal-based advisory features.

The startup will also spend on marketing and partnerships in Tier 1 cities, along with brand-building activities. At the same time, it will expand its engineering, data science, and product teams.

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“Indian investors today have access to more financial products than ever before, but clarity hasn’t scaled at the same pace. Otto Money is built to address that gap, using AI to help investors understand their choices, manage risk consciously and stay aligned with long-term goals rather than short-term noise,” said Apurv Gupta, co-founder of Otto Money.

“At Pravega, we back founders who pair deep technical depth with clarity of problem. Apurv and Ankur embody that engineering DNA in the way Otto is built. We didn’t just invest in another fintech app, but in a proprietary intelligence layer. While much of the industry continues to push products, Otto is using AI to offer institutional-grade clarity,” said Rohit Jain, Partner at Pravega Ventures.

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About Otto Money

Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is creating an AI-powered platform that helps retail investors make smarter financial decisions using data. It gives guidance on multi-asset portfolios but does not sell financial products.

The company combines wealth management and artificial intelligence, focusing on digitally active investors. It aims to solve problems like lack of clear information, scattered portfolio tracking, and last-minute investment decisions.

The startup is currently in its early stage and plans to expand to major Indian cities over the next few years.

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