Otto Money bags pre-seed funding led by Pravega Ventures
17 Feb 2026, 07:13 PMThe funding round saw participation from angel investors such as Rishi Kohli, CIO at Jio BlackRock AMC.
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Wealthtech startup Otto Money has raised $1.3 million in its pre-seed funding round led by Pravega Ventures.
The funding round saw participation from angel investors such as Rishi Kohli, CIO at Jio BlackRock AMC; Amit Gupta, founder of InMobi; Amit Agarwal, founder of NoBroker; and Mohit Aron, founder of Nutanix and Cohesity.
The Bengaluru-based startup will use the funds to further develop its artificial intelligence (AI) models, improve personalisation, and initiate go-to-market strategies across tier I cities.
Otto Money, which was founded in 2025 by Apurv Gupta and Ankur Lahoti, is an AI-powered financial planning and investment guide that targets digitally active users. It rests at the intersection of AI, wealth management and fintech.
“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,” said Apurv Gupta, co-founder of Otto Money.
Wealthtech startups have been attracting significant investor interest in the past years.
Last month, AssetPlus raised around $19 million led by Nexus Venture Partners.
In December, ZFunds raised funding led by Elevation Capital while PowerUp Money bagged $12 million in its Series A funding led by Peak XV Partners.
In October last year, Dezerv secured $40 million led by Premji Invest and Accel's Global Growth Fund.
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