Pravega Ventures has announced its investment of $1.3 million in Otto Money, a technology-driven wealth management platform that’s taking a fresh approach to financial guidance in India.
The startup was established by Apurv Gupta and Ankur Lahoti, who bring significant expertise in handling large-scale data systems and security infrastructure to the wealth management space.
Addressing India’s Wealth Management Gap
Despite growing access to various financial products across India, many investors still struggle with clarity and coherent advice. The abundance of options often leads to scattered information and conflicting recommendations, making it difficult for individuals to make informed decisions.
Otto Money aims to solve this challenge by offering an intelligence-driven approach that examines a user’s complete investment portfolio and functions as both a financial planner and wealth advisor.
Technology-First Approach to Investing
The platform distinguishes itself by prioritizing decision-making over transactions. Rather than simply facilitating trades, Otto Money focuses on helping users understand what moves to make based on comprehensive portfolio analysis.
Pravega Ventures expressed enthusiasm about supporting Otto Money during its early stages, welcoming the team to its portfolio of innovative financial technology companies.
