Odisha-based deep-tech startup Coratia Technologies, a frontrunner in indigenous underwater robotics, has raised ₹5 crore (approx. USD 563,000) from Piper Serica Angel Fund. The funding will be utilized to bolster in-house research and development, upgrade product lines, expand production capabilities, and accelerate international market expansion.
This investment follows Coratia’s recent ₹66-crore order from the Indian Navy for its indigenous Underwater Remotely Operated Vehicle (UWROV) — Jalasimha. The company’s flagship lineup, including Jalasimha, Jaladuta, Oceanus, and Navya, serves both defence and civilian needs. “Coratia is redefining underwater robotics and reinforcing India’s position as a technology leader. Their work with the Navy underscores their immense potential,” said Ajay Modi, Director of Investments, Piper Serica.
Coratia has executed projects with Indian Railways and IOCL Paradip, and recently demonstrated its robotic systems in Brunei Darussalam for subsea infrastructure applications. “This funding empowers our mission to establish India as a global hub for underwater robotics,” said Debendra Pradhan, Co-Founder & CEO, while Biswajit Swain, Co-Founder & CTO, added, “We’re engineering systems that deliver world-class performance and reliability at a fraction of the global cost.”
The company’s investor network also includes MGF Kavachh and Pontaq Ventures, who jointly invested ₹17 crore earlier in 2025. Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies is an Odisha-based deep-tech company developing autonomous underwater systems for defence and industrial applications. Incubated at NIT Rourkela FTBI and STPI Bhubaneswar Electropreneur Park, the startup has received multiple national and global accolades, including recognition from MeitY, NASSCOM, Boeing BUILD 3.0, and Cochin Shipyard’s USHUS Program. It was also featured on Shark Tank India Season 3, where it secured a deal from OYO’s Ritesh Agarwal.
