“Otto Money Secures $1.3 Million in Funding, Fueled by Pravega Ventures”

Wealthtech innovation is evident as Otto Money, a startup in the sector, has successfully secured $1.3 million in a pre-seed funding round, spearheaded by Pravega Ventures. This funding round attracted support from angel investors such as Rishi Kohli from Jio BlackRock AMC, Amit Gupta, Amit Agarwal, and Mohit Aron, along with existing supporters. The newly acquired funds will be allocated over the next 12 to 18 months to enhance its AI models, improve personalisation features, broaden goal-based advisory services, and strengthen its engineering and data science teams. Additionally, Otto Money intends to implement go-to-market strategies in tier I cities across the nation. Established in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is crafting an AI-driven wealth guidance platform designed to offer data-informed financial decision support to individual investors. The focus remains on offering multi-asset portfolio guidance while refraining from distributing financial products. Otto Money operates at the crossroad of wealth management and artificial intelligence, specifically targeting digitally engaged investors. The platform aims to tackle challenges such as information gaps, disjointed portfolio visibility, and reactive investment behaviours. Otto Money is currently in the initial stages of deployment and has plans to broaden its reach in major Indian cities over the upcoming years. According to data compiled by Startup Superb, Indian wealthtech startups have raised over $634 million through 51 deals involving 39 startups during the years 2024 and 2025. In this year alone, AssetPlus has raised $19.3 million in a funding round led by Nexus Venture Partners. Similarly, Wint Wealth secured $28 million in its Series B round, which was led by Vertex Ventures Southeast Asia and India.