Coratia Technologies raised ₹18 crore in a bridge round led by MGF Kavachh. The Odisha-based startup builds underwater robotic systems. The capital will support a ₹66 crore contract with the Indian Navy.
Funding history
Before this bridge round, Coratia raised ₹17 crore in a pre-Series A round. That round included MGF Kavachh, Piper, and SIDBI. The latest investment is a follow-on from MGF Kavachh.
Company and customers
Coratia was founded in 2021 by Debendra Pradhan and Biswajit Swain. Its clients include the Indian Navy, Indian Oil, and Indian Railways. It also serves Tata Steel, Hindalco Industries, and Steel Authority of India.
The underwater robot
Its flagship product is the Jalasimha UWROV. The system has achieved Technology Readiness Level 9. It supports inspection across dams, ports, bridges, pipelines, and offshore assets.
Coratia will use the new funds to execute the Indian Navy contract under the iDEX initiative. The company also plans to accelerate research and development on new products. It aims to scale manufacturing and deployment for defense and critical infrastructure applications.