Coratia Technologies Secures Rs 50 Million from Piper Serica

14 Nov 2025 CW Team

This funding comes on the heels of Coratia securing a landmark Rs 660-million contract from the Indian Navy in September 2025 for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha.

“We’re proud to back Coratia Technologies 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 powerful proof of Coratia’s potential. The company is poised for rapid growth,” said Ajay Modi, Director of Investments, Piper Serica.

Coratia’s flagship underwater systems—Jalasimha, Jaladuta, Oceanus, and Navya—are AI-enabled and engineered for dual-use defence and civilian applications. Their capabilities support critical underwater maintenance and monitoring for dams, ports, bridges, offshore energy assets, and more.

The startup has already executed multiple high-impact domestic projects, including assignments for Indian Railways and IOCL Paradip. Recently, the team was invited to Brunei Darussalam, Southeast Asia’s third-largest oil producer, to demonstrate their integrated robotic solutions for subsea inspection, analytics, and maintenance.

“This investment significantly advances our vision to transform underwater robotics and strengthen India’s role in the global blue economy. We are building a global supply chain from India and focusing on exporting indigenous technologies that cater to both strategic and commercial needs across friendly markets,” said Debendra Pradhan, Co-Founder & CEO, Coratia Technologies.

“We’re developing systems that deliver exceptional efficiency and reliability under extreme environments—at a fraction of global costs,” added Biswajit Swain, Co-Founder & CTO.

Coratia Technologies’ existing investors include deep-tech focused venture funds MGF Kavachh and Pontaq Ventures, which together invested over Rs 170 million earlier this year to support India’s strategic autonomy in underwater and subsea robotic systems.

Coratia Technologies, a deep-tech startup pioneering indigenous underwater robotics, has raised Rs 50 million in funding from Piper Serica Angel Fund, an early-stage venture capital fund based in Mumbai. The new investment will be used to strengthen in-house R&D, scale manufacturing, upgrade current product lines, and expand the company’s presence in global markets.This funding comes on the heels of Coratia securing a landmark Rs 660-million contract from the Indian Navy in September 2025 for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha.“We’re proud to back Coratia Technologies 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 powerful proof of Coratia’s potential. The company is poised for rapid growth,” said Ajay Modi, Director of Investments, Piper Serica.Coratia’s flagship underwater systems—Jalasimha, Jaladuta, Oceanus, and Navya—are AI-enabled and engineered for dual-use defence and civilian applications. Their capabilities support critical underwater maintenance and monitoring for dams, ports, bridges, offshore energy assets, and more.The startup has already executed multiple high-impact domestic projects, including assignments for Indian Railways and IOCL Paradip. Recently, the team was invited to Brunei Darussalam, Southeast Asia’s third-largest oil producer, to demonstrate their integrated robotic solutions for subsea inspection, analytics, and maintenance.“This investment significantly advances our vision to transform underwater robotics and strengthen India’s role in the global blue economy. We are building a global supply chain from India and focusing on exporting indigenous technologies that cater to both strategic and commercial needs across friendly markets,” said Debendra Pradhan, Co-Founder & CEO, Coratia Technologies.“We’re developing systems that deliver exceptional efficiency and reliability under extreme environments—at a fraction of global costs,” added Biswajit Swain, Co-Founder & CTO.Coratia Technologies’ existing investors include deep-tech focused venture funds MGF Kavachh and Pontaq Ventures, which together invested over Rs 170 million earlier this year to support India’s strategic autonomy in underwater and subsea robotic systems.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..