Otto Money has raised $1.3 million in a pre-seed funding round led by Pravega Ventures. The round marks the company’s first institutional capital and aims to support its mission of delivering institution-grade, unbiased financial guidance to Indian investors.
The funding round also saw participation from prominent angel investors, including Rishi Kohli, CIO, Jio BlackRock Asset Management; Amit Gupta, Founder, InMobi and Yulu; Amit Agarwal, Founder, NoBroker; and Mohit Aron, Founder, Nutanix and Cohesity.
The capital will be deployed over the next 12 to 18 months to strengthen Otto Money’s AI models, enhance personalisation capabilities, and expand its goal-based financial guidance offerings. The company also plans to focus on go-to-market initiatives in Tier 1 cities, build strategic partnerships, and invest in brand-building efforts to establish long-term trust. A significant portion of the funds will be allocated to hiring across engineering, data science and product functions.
Founded in 2025 by IIT alumni Apurv Gupta and Ankur Lahoti, Otto Money operates at the intersection of FinTech, wealth management and artificial intelligence. Gupta previously served as CTO at Cohesity, leading enterprise-grade data platform engineering, while Lahoti was Director of Engineering at Google, where he worked on large-scale, reliable internet systems.
Otto Money differentiates itself by leveraging institution-grade investment models and AI to provide holistic, multi-asset guidance. The platform focuses on explaining trade-offs, highlighting risks and aligning investment decisions with long-term financial goals, rather than promoting specific financial products.
Apurv Gupta, Co-founder, Otto Money, said the platform addresses the growing gap between product availability and investor clarity in India’s expanding investment ecosystem.
Rohit Jain, Partner, Pravega Ventures, noted that the firm backed Otto for its proprietary intelligence layer aimed at reshaping how Indian investors approach wealth decisions.
Currently in early market deployment, Otto Money is seeing engagement from digitally native investors. Over the next two to three years, the company plans to broaden its AI-driven guidance capabilities, expand across major Indian metros and build a transparent, compliant wealth guidance platform focused on long-term trust and disciplined wealth creation.
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