Pravega Ventures
Flat 5, S3 Tower, Saraswati Appartments, Vasant Kunj, New Delhi, Delhi, 110070, India
Overview
Pravega Ventures is keen to provide the first institutional capital to tech-enabled startups, at a seed or a pre-Series A stage
- Total investments
- 16
- Lead investments
- 5
- Investments · 12mo
- 5
- Active investors
- 6
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Blurgs AI
Led · Seed · Jul 2026
Blurgs AI builds AI-powered operational-intelligence platforms that deliver real-time monitoring, regulatory compliance support, threat detection and performance improvements for maritime and security customers. Its platforms serve commercial maritime sectors—ports, shipyards, shipping and fisheries—as well as defense and national-security users, offering continuous situational awareness and adversary monitoring. The company counts users such as the Indian Navy, Indian Coast Guard, Bharat Electronics, DRDO, Mumbai Port Trust, Dubai Maritime City and The Nature Conservancy, and notably established this customer network prior to taking institutional investment. Founders Roshon Raj Mohanty (CEO) and Dr. Avinash Kori (Chief Scientist, PhD Imperial College London) lead the technology and strategic direction. Post-financing, Blurgs intends to invest in its core AI stack, scale headcount, improve product offerings for maritime-commercial use cases, and expand operations into international markets. The company's recent $2.2M raise is intended to support both commercial product development and enhanced capabilities for security-sector deployments.
- Constelli
Participated · Equity · Feb 2026
Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli develops state-of-the-art signal-processing tools and engineering systems that support the design, development and testing of critical radar, communication and electronic-warfare equipment. Its hardware-software stack employs modelling, simulation and distributed computing to shorten development timelines for customers ranging from India’s Ministry of Defence and DRDO to defence contractors in South Korea, Australia and Singapore. Current products include next-generation electronic-warfare and communication payloads that can be deployed on drones, ground vehicles, naval vessels and satellites. The company plans to establish rapid-prototyping and early-stage production facilities to speed up delivery of field-ready systems. Constelli’s global adoption underscores its growing technical credibility, although no revenue or user metrics were disclosed. The startup has now raised a total of USD 23 million across two rounds, bolstering its resources for intensified R&D and international expansion.
- Otto Money
Led · Seed · Feb 2026
Otto Money is building an artificial-intelligence–driven wealth guidance platform designed to give retail investors personalized, data-backed advice across multiple asset classes without directly distributing financial products. The service targets digitally active investors who struggle with information asymmetry, fragmented portfolio views, and reactive investment choices. Its roadmap includes strengthening its proprietary AI models, adding deeper personalization, and expanding goal-based advisory features. The company is currently in early deployment and intends to ramp up go-to-market efforts across major Tier-I Indian cities over the next few years. To support these plans, it expects to bolster its engineering and data science teams. Founded in 2025 by Apurv Gupta and Ankur Lahoti, Otto Money operates at the intersection of wealth management and artificial intelligence and is positioning itself within India’s rapidly growing wealthtech sector.
- MintOak Innovations
Participated · Series A · Dec 2025
Mintoak offers a white-label payments and engagement operating system that enables banks to convert payment transactions into customer engagement and recurring revenue opportunities. The company partners with more than 50 banks across over 20 countries, including HDFC Bank, Axis Bank, SBI Payments, Emirates Islamic, and Absa Bank. Following its acquisition of ICC Loyalty, the combined platform serves over 5 million merchants and 11 million customers and processes more than $93 billion in annual payment volume. The integration aims to combine payments, merchant engagement, loyalty programs, and customer engagement into a single suite, expanding Mintoak’s product portfolio and international reach. Mintoak is backed by PayPal Ventures, and the company expects the combined business to generate over $30 million in annual revenue while maintaining an EBITDA margin above 30%.
- SalarySe
Participated · Series A · Oct 2025
SalarySe offers a salary-linked, AI-enabled financial wellness platform that allows India’s salaried employees to access Credit-on-UPI, curated payments, rewards, savings and investment options tied directly to their monthly income. The company integrates with leading banks such as HDFC and RBL and collaborates with HR SaaS providers and employers to embed these services seamlessly into payroll workflows. More than 100 multinational, GCC and Indian corporations across IT, healthcare, BFSI and manufacturing already use SalarySe to improve employee retention, engagement and productivity through its financial benefits suite. Post-COVID financial stress among salaried workers has driven rapid adoption of the employer-linked model, which promises transparent, responsible and timely credit access. Looking ahead, SalarySe aims to reach over 1,000 corporates and 20 million employees within three years by expanding distribution, strengthening its technology stack and scaling operations. The company ultimately seeks to empower 100 million salaried Indians to spend, save, invest and plan their finances more effectively, thereby reducing nationwide financial stress.