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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..