Coratia Technologies Raises ₹18 Crore — Startup Funding India, October 2026

Underwater robotics startup Coratia Technologies has raised ₹18 crore in a bridge round led by MGF Kavachh, the company announced on 29 October 2026. The Odisha-based deeptech startup will use the money to execute its ₹66 crore Indian Navy contract, strengthen research and development, and scale manufacturing and deployment — a defence-tech milestone in startup funding in India.

Robots for India’s hardest waters

Founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia builds indigenous remotely operated underwater vehicles and robotic systems for defence, industrial inspection and critical infrastructure. Its flagship Jalasimha UWROV has achieved Technology Readiness Level 9 and is designed to operate at depths of up to 300 metres. The Navy contract, signed in September 2025 under the iDEX initiative, covers supply and maintenance of underwater robotic systems for ship-hull cleaning, minor salvage and inspection of submerged infrastructure.

A follow-on built on delivery

The round follows a ₹17 crore pre-Series A in 2025 from MGF Kavachh, Piper and SIDBI, taking total disclosed funding to ₹35 crore. MGF Kavachh founder Raj Sethia said the follow-on reflects conviction built over roughly eighteen months of working with the team, not just the contract. Beyond defence, Coratia’s technology applies to dams, ports, bridges, pipelines and offshore assets, and its clients include Indian Oil, Indian Railways, Tata Steel and SAIL.