AI-powered wealth guidance platform Otto Money raises $1.3 million from Pravega Ventures, others

Otto Money, an AI-powered wealth guidance platform, has announced that it has raised $1.3 million in a pre-seed funding round led by Pravega Ventures.

The round also saw participation from a group of prominent angel investors, including Rishi Kohli, CIO at Jio BlackRock AMC, Amit Gupta, Founder of InMobi and Yulu, Amit Agarwal, Founder of NoBroker, and Mohit Aron, Founder of Nutanix and Cohesity. Several existing backers also participated in the round.

The startup will use the raised capital to strengthen its AI models, enhance personalization, and expand its aspiration-based guidance capabilities. It will also focus on go-to-market initiatives in Tier 1 cities, including partnerships and brand-building efforts designed to establish long-term trust. A significant portion of the funding will go toward hiring across engineering, data science, and product to build a strong foundation for scale.

Founded in 2025 by IIT alumni Apurv Gupta and Ankur Lahoti, Otto Money operates at the intersection of fintech, wealth management, and AI, serving digitally savvy Indian investors.

The startup differentiates itself by using institution-grade investment models and AI to deliver holistic, multi-asset guidance that explains trade-offs, highlights risks, and aligns decisions with long-term financial aspirations without pushing specific products.

“Indian investors today have access to more financial products than ever before, but clarity hasn’t scaled at the same pace. Otto Money is built to address that gap, using AI to help investors understand their choices, manage risk consciously, and stay aligned with long-term goals rather than short-term noise,” said Apurv Gupta, Co-founder of Otto Money.

“At Pravega, we back founders who pair deep technical depth with absolute clarity of problem.Apurv and Ankur embody that engineering DNA in the way Otto is built. We didn't just invest in another fintech app, but in a proprietary intelligence layer. While most of the industry is still pushing products, Otto is using AI to give Indian investors something much rarer with an institutional-grade clarity. This isn't just about better advice but about reshaping the relationship between people and their money,” said Rohit Jain, Partner at  Pravega Ventures.

Over two to three years, Otto Money aims to enhance AI guidance, broaden investment scenario coverage, and expand in major Indian metros. It plans strategic partnerships within the financial ecosystem and to build a transparent, compliant platform supporting investors through various life stages and market cycles.