Shark Tank India-featured deeptech startup Coratia Technologies raises Rs 5 crore in funding

Odisha-based deeptech startup Coratia Technologies has raised Rs 5 crore in a new funding round led by Piper Serica Angel Fund.

The startup plans to deploy the fresh capital to strengthen its in-house research and development, expand manufacturing capacity, upgrade existing product lines, and deepen its push into international markets.

Founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia builds advanced autonomous underwater vehicles designed for both defence and industrial use.

Its flagship systems, Jalasimha, Jaladuta, Oceanus and Navya, are centred around subsea inspections, surveillance, analytics and maintenance across critical underwater infrastructure.

The startup is incubated at NIT Rourkela’s FTBI and STPI Bhubaneswar Electropreneur Park, with support from Startup Odisha and i-Hub Gujarat. Its existing investor network includes deeptech-focused funds MGF Kavachh and Pontaq Ventures, both of which jointly invested more than Rs 17 crore in July 2025 to support India’s strategic autonomy in underwater and subsea robotics systems. Coratia also featured on Shark Tank India Season 3, where the founders received an offer from OYO’s Ritesh Agarwal.

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.”