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Coratia Technologies Secures Rs 50 Million from Piper Serica

2025-11-14

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.

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