Wealthtech startup Otto Money has raised $1.3 million in a pre-seed funding round led by Pravega Ventures, as it looks to build a technology-first wealth advisory platform tailored for India’s fast-growing base of digital investors. The round also saw participation from angel investors including Rishi Kohli (Jio BlackRock AMC), Amit Gupta, Amit Agarwal, Mohit Aron, along with existing backers.
Building an AI-Powered Wealth Guidance Layer
Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is developing an AI-powered wealth guidance platform focused on data driven decision support rather than product distribution. The startup aims to provide multi asset portfolio insights, personalised recommendations, and structured goal-based planning for retail investors.
Unlike traditional wealth management platforms that rely heavily on product commissions, Otto positions itself as an advisory-first platform. Its technology is designed to reduce information asymmetry, unify fragmented portfolio data, and help investors move from reactive decisions to long-term strategy based investing.
Deployment of Fresh Capital
The newly raised capital will be utilised over the next 12–18 months to strengthen Otto Money’s AI models and expand its engineering and data science capabilities. The startup also plans to enhance its personalisation engine, refine goal-based advisory tools, and invest in technology infrastructure to support scale.
In addition, the company will roll out go-to-market initiatives across tier I cities, targeting digitally savvy investors seeking structured, AI-backed wealth guidance solutions.
Riding the Wealthtech Growth Wave
Otto Money’s fundraise comes amid rising investor confidence in India’s wealthtech sector. Over the past two years, wealthtech startups in India have attracted significant capital, reflecting strong demand for technology-enabled investment solutions. As financial literacy improves and retail participation in capital markets rises, AI-led platforms are emerging as a key growth theme.
Currently in early deployment, Otto Money plans to expand steadily across major Indian cities in the coming years. By combining artificial intelligence with personalised financial insights, the startup aims to redefine how retail investors approach portfolio management and long-term wealth creation.
With increasing digitisation of financial services, Otto Money is positioning itself at the intersection of AI and wealth management an area expected to witness sustained growth in the coming decade.
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