Coratia Technologies Raises ₹5 Crore From Piper Serica Angel Fund

Odisha-based deep-tech startup Coratia Technologies has raised Rs 5 crore (around $563,000) in a funding round led by Piper Serica Angel Fund.

The new funds will be used to improve research and development, increase production, upgrade current products, and expand into global markets.

Its current investors, MGF Kavachh and Pontaq Ventures, jointly invested over ₹17 crore in July 2025 to support India’s self-reliance in underwater and subsea robotics.

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The new funding comes after Coratia secured a ₹66 crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV) called Jalasimha.

Founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia Technologies is a deep-tech startup from Odisha that develops advanced autonomous underwater vehicles for both defence and civilian use.

Its main products — Jalasimha, Jaladuta, Oceanus, and Navya — are designed to serve both military and commercial purposes.

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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.”

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