Otto Money, a wealthtech venture, has secured $1.3 million (approximately ₹11.8 crore) in a pre-seed financing round anchored by Pravega Ventures.
The round also included backing from angel investors such as Rishi Kohli of Jio BlackRock AMC, Amit Gupta, Amit Agarwal, and Mohit Aron, in addition to existing supporters.
The startup plans to utilize the capital over the next 12 to 18 months to advance its artificial intelligence capabilities, improve user-level personalization, broaden its goal-oriented advisory features, and scale its engineering and data science workforce.
It also intends to step up its market entry efforts across India’s Tier I cities.
Established in 2025 by Apurv Gupta and Ankur Lahoti, Bengaluru-headquartered Otto Money is developing an AI-driven wealth guidance platform tailored for retail investors.
Rather than selling financial products, the platform focuses on delivering unbiased, data-backed insights across multiple asset classes to support informed investment decision-making.
Operating at the intersection of artificial intelligence and wealth management, Otto Money targets digitally active investors seeking structured and unbiased financial decision support. The platform aims to address challenges such as fragmented portfolio visibility, information asymmetry, and reactive investment behaviour through institutional-grade investment models.
Currently in early deployment, Otto Money plans to gradually expand its footprint across major Indian cities in the coming years as it scales its technology and advisory capabilities.
