Coratia Technologies, an Odisha-based deep-tech startup, has raised ₹5 crores (approx. $563,000) in a fresh funding round from Piper Serica Angel Fund.
The fresh funds raised will be used to strengthen its in-house research and development, enhance manufacturing capacity, upgrade existing product lines, and expand into international markets.
Founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia Technologies is an Odisha-based deep-tech startup developing advanced autonomous underwater vehicles for dual defence and civilian applications.
The startup’s flagship systems include Jalasimha, Jaladuta, Oceanus and Navya, designed for dual-use defence and civilian applications.
The latest funding round follows Coratia’s continued growth momentum after securing a recent ₹66 crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha.
Domestically in India, Coratia Technologies has already executed projects with the Indian Railways and IOCL Paradip, among others. The startup was also recently invited to Brunei Darussalam, the third-largest oil producer in Southeast Asia, to demonstrate its integrated robotic systems capabilities for efficient subsea inspections, analytics and maintenance of critical offshore energy infrastructure.
The startup is incubated at the National Institute of Technology, Rourkela’s FTBI, STPI Bhubaneswar Electropreneur Park, with support from Startup Odisha and i-Hub, Gujarat.
The company’s existing investor ecosystem already includes leading deep-tech venture funds MGF Kavachh and Pontaq Ventures. Both were early supporters, jointly investing more than ₹17 crores in July 2025 to advance India’s strategic autonomy in underwater and subsea robotics systems.
Coratia Technologies also featured on Shark Tank India Season 3, where the founders were offered a deal by Ritesh Agarwal, Founder of OYO.
Debendra Pradhan, Co-Founder & CEO, Coratia Technologies, said, “This investment goes a long way to support our vision to transform underwater robotics and strengthen India’s position within the global blue economy. We are building a global supply chain from India. Our focus remains on developing and exporting indigenously developed capabilities that serve both strategic and commercial needs across friendly markets.”
Biswajit Swain, Co-Founder & CTO, Coratia Technologies, said, “We’re building systems that redefine operational efficiency and reliability under extreme environments at a fraction of the cost globally.”
Ajay Modi, Director of Investments, Piper Serica, said, “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 powerful proof of Coratia’s potential. The company is poised for rapid growth.”
