Wealthtech startup Otto Money has raised $1.3 million in a pre-seed funding round led by Pravega Ventures, the company said on Monday. The round also saw participation from angel investors including Rishi Kohli (Jio BlackRock AMC), Amit Gupta, Amit Agarwal, Mohit Aron, along with existing backers.
The company plans to deploy the capital over the next 12–18 months to strengthen its artificial intelligence models, improve personalisation features, and expand its goal-based advisory capabilities. It also intends to hire across engineering and data science functions and roll out go-to-market initiatives in Tier I cities.
Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money is building an AI-powered wealth guidance platform for retail investors. The startup provides multi-asset portfolio insights and data-driven decision support without distributing financial products.
The platform seeks to address gaps such as fragmented portfolio tracking, information asymmetry, and reactive investment behaviour. It is currently in early deployment and plans to gradually expand its presence across major Indian cities.
The funding comes amid sustained investor interest in India’s wealthtech segment. According to industry data, Indian wealthtech startups raised more than $634 million across 51 deals involving 39 companies during 2024 and 2025.
So far this year, AssetPlus has secured $19.3 million in a round led by Nexus Venture Partners, while Wint Wealth raised $28 million in its Series B round led by Vertex Ventures Southeast Asia & India.
With fresh capital in place, Otto Money will focus on product development and customer acquisition as competition intensifies in the digital wealth management space.
