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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code