Otto Cash, an AI-powered wealth steerage platform, has introduced that it has raised $1.3 million in a pre-seed funding spherical led by Pravega Ventures.

The spherical additionally noticed participation from a bunch of distinguished angel buyers, together with Rishi Kohli, CIO at Jio BlackRock AMC, Amit Gupta, Founding father of InMobi and Yulu, Amit Agarwal, Founding father of NoBroker, and Mohit Aron, Founding father of Nutanix and Cohesity. A number of current backers additionally participated within the spherical.

The startup will use the raised capital to strengthen its AI fashions, improve personalization, and develop its aspiration-based steerage capabilities. It would additionally deal with go-to-market initiatives in Tier 1 cities, together with partnerships and brand-building efforts designed to ascertain long-term belief. A good portion of the funding will go towards hiring throughout engineering, knowledge science, and product to construct a powerful basis for scale.

Based in 2025 by IIT alumni Apurv Gupta and Ankur Lahoti, Otto Cash operates on the intersection of fintech, wealth administration, and AI, serving digitally savvy Indian buyers.

The startup differentiates itself by utilizing institution-grade funding fashions and AI to ship holistic, multi-asset steerage that explains trade-offs, highlights dangers, and aligns selections with long-term monetary aspirations with out pushing particular merchandise.

“Indian buyers immediately have entry to extra monetary merchandise than ever earlier than, however readability hasn’t scaled on the similar tempo. Otto Cash is constructed to deal with that hole, utilizing AI to assist buyers perceive their selections, handle danger consciously, and keep aligned with long-term targets reasonably than short-term noise,” stated Apurv Gupta, Co-founder of Otto Cash.

“At Pravega, we again founders who pair deep technical depth with absolute readability of drawback.Apurv and Ankur embody that engineering DNA in the best way Otto is constructed. We did not simply spend money on one other fintech app, however in a proprietary intelligence layer. Whereas many of the business remains to be pushing merchandise, Otto is utilizing AI to provide Indian buyers one thing a lot rarer with an institutional-grade readability. This is not nearly higher recommendation however about reshaping the connection between individuals and their cash,” stated Rohit Jain, Associate at  Pravega Ventures.

Over two to a few years, Otto Cash goals to reinforce AI steerage, broaden funding state of affairs protection, and develop in main Indian metros. It plans strategic partnerships inside the monetary ecosystem and to construct a clear, compliant platform supporting buyers via varied life phases and market cycles.