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.

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