Coratia Technologies Raises Rs 50 Million from Piper Serica
Technology

Coratia Technologies Raises Rs 50 Million from Piper Serica

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement