Otto Money Raises $1.3 Million Pre-Seed Round
- 4 hours ago
- 1 min read
Bengaluru-based digital advice startup Otto Money has successfully closed a $1.3 million pre-seed funding round led by Pravega Ventures. The capital injection also saw participation from a group of prominent angel investors including Rishi Kohli and founders from InMobi and NoBroker. Founded in 2025 by former engineering leaders from Cohesity and Google, the company is developing a platform designed to provide institutional-grade financial guidance to the growing population of retail investors in India.
The startup provides an artificial intelligence platform that delivers data-driven and multi-asset wealth guidance without the typical conflicts of interest found in product-focused distribution models. By leveraging sophisticated algorithms, the platform helps users understand financial trade-offs and manage risks while staying aligned with their long-term objectives. This focus on unbiased, goal-based advice aims to address the information asymmetry and fragmented portfolio views that often lead to reactive decision-making among digitally native investors.
This investment will support the company as it strengthens its proprietary intelligence layer and enhances personalization features over the next eighteen months. The founders plan to allocate the funds toward hiring across engineering and data science teams while launching go-to-market initiatives in major metropolitan areas. For the broader wealth management industry, Otto Money represents a shift toward technology-led advisory services that prioritize clarity and disciplined wealth building over simple product sales.
Knote: It's nice to see some good, old fashioned, early stage WealthTech funding from a VC. Of course, it is in India, which we still feel is one of the hottest direct-to-consumer digital advice plays globally.