Otto Money Raises $1.3 Million from Pravega Ventures in Pre-Seed Round for AI-Driven Wealth Platform

Wealthtech startup Otto Money has secured $1.3 million in pre-seed funding to advance its artificial intelligence-powered wealth guidance platform targeting retail investors. 

Funding Details and Investor Participation 

The funding round was led by Pravega Ventures, with participation from angel investors including Rishi Kohli (Jio BlackRock AMC), Amit Gupta, Amit Agarwal, Mohit Aron, and existing backers. The capital will support product development and team expansion over 12 to 18 months. 

Platform Focus and Value Proposition 

Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money provides data-driven financial decision support through multi-asset portfolio guidance. The platform addresses information asymmetry and fragmented portfolio views without distributing financial products. 

Allocation of Raised Capital 

Funds will strengthen AI models, enhance personalisation features, expand goal-based advisory capabilities, and grow engineering/data science teams. Go to market initiatives will target tier I cities. 

Wealthtech Sector Funding Trends 

Indian wealthtech startups raised $63,40,00,000 across 51 deals involving 39 startups during 2024–2025, per Entrackr. Recent deals include AssetPlus ($19.3 mn) and Wint Wealth ($28 mn) funding rounds. 

Read More: Cabinet Clears ₹10,000 Crore Fund to Back Deep-Tech Startups, Mobilise Venture Capital! 

Conclusion 

Otto Money's $1.3 million pre-seed funding highlights investor interest in AI-driven wealth guidance solutions. The capital will support technological enhancements and market expansion for its retail investor platform. 

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