Coratia Technologies Raises Rs 50 Million from Piper Serica

13 Nov 2025 CW Team

This investment follows Coratia’s strong growth momentum, marked by its recent INR 66-crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha. The company’s flagship underwater systems—Jalasimha, Jaladuta, Oceanus, and Navya—serve both defence and civilian applications, advancing India’s strategic autonomy in subsea technologies.

“We’re proud to back Coratia as it redefines underwater robotics and accelerates India’s rise as a technology powerhouse by 2030. Debendra and Biswajit have built an exceptional technological moat, and the landmark Navy order is strong validation of Coratia’s potential,” said Ajay Modi, Director of Investments, Piper Serica.

Coratia has successfully executed projects with Indian Railways and IOCL Paradip, among others. Internationally, the startup was recently invited to Brunei Darussalam, Southeast Asia’s third-largest oil producer, to demonstrate its integrated robotic systems for subsea inspections, analytics, and offshore infrastructure maintenance.

“This investment strengthens our mission to transform underwater robotics and position India as a key player in the global blue economy. We are building systems that deliver world-class performance under extreme conditions at a fraction of global costs,” said Debendra Pradhan, Co-Founder & CEO, Coratia Technologies.

Biswajit Swain, Co-Founder & CTO, added, “Our focus is on developing and exporting indigenous capabilities that cater to both strategic and commercial markets across friendly nations.”

Coratia’s investor base includes MGF Kavachh and Pontaq Ventures, who jointly invested over Rs 170 million in July 2025 to further India’s leadership in underwater and subsea robotics.

Deep-tech startup Coratia Technologies, a pioneer in indigenous underwater robotics, has raised Rs 50 million in funding from Piper Serica Angel Fund. The fresh capital will be used to strengthen in-house R&D, enhance manufacturing capabilities, upgrade existing product lines, and expand Coratia’s global footprint.This investment follows Coratia’s strong growth momentum, marked by its recent INR 66-crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha. The company’s flagship underwater systems—Jalasimha, Jaladuta, Oceanus, and Navya—serve both defence and civilian applications, advancing India’s strategic autonomy in subsea technologies.“We’re proud to back Coratia as it redefines underwater robotics and accelerates India’s rise as a technology powerhouse by 2030. Debendra and Biswajit have built an exceptional technological moat, and the landmark Navy order is strong validation of Coratia’s potential,” said Ajay Modi, Director of Investments, Piper Serica.Coratia has successfully executed projects with Indian Railways and IOCL Paradip, among others. Internationally, the startup was recently invited to Brunei Darussalam, Southeast Asia’s third-largest oil producer, to demonstrate its integrated robotic systems for subsea inspections, analytics, and offshore infrastructure maintenance.“This investment strengthens our mission to transform underwater robotics and position India as a key player in the global blue economy. We are building systems that deliver world-class performance under extreme conditions at a fraction of global costs,” said Debendra Pradhan, Co-Founder & CEO, Coratia Technologies.Biswajit Swain, Co-Founder & CTO, added, “Our focus is on developing and exporting indigenous capabilities that cater to both strategic and commercial markets across friendly nations.”Coratia’s investor base includes MGF Kavachh and Pontaq Ventures, who jointly invested over Rs 170 million in July 2025 to further India’s leadership in underwater and subsea robotics.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..