Coratia Technologies Raises ₹18 Crore in Bridge Round Led by MGF Kavachh
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Startup Spotlight India
- October 29, 2026
Underwater robotics startup Coratia Technologies has raised ₹18 crore in a bridge round led by existing investor MGF Kavachh, the company said on October 29, 2026.
The funding will support work on its ₹66 crore Indian Navy contract under the iDEX initiative. Coratia also plans to use the capital to develop new products, strengthen its underwater robotics technology and expand manufacturing and deployment for defence and critical infrastructure applications.
The investment follows a ₹17 crore pre-Series A round in 2025, when Coratia raised funding from MGF Kavachh, Piper and SIDBI.
Developing Underwater Robotic Systems
Founded by Debendra Pradhan and Biswajit Swain, Coratia develops indigenous underwater robotic systems for inspection and intervention across defence, infrastructure and industrial applications. Its products include remotely operated vehicles (ROVs) and autonomous marine systems designed to inspect and assess submerged infrastructure.
According to the company, its flagship Jalasimha UWROV has achieved Technology Readiness Level 9 (TRL-9).
Debendra Pradhan, co-founder and CEO, said the company is developing its systems for conditions in Indian waters, including high turbidity, silt, low visibility and changing currents.
“Our focus is on miniaturising technology while advancing our systems’ intelligence, capability and deployability across defence, infrastructure and industrial applications,” Pradhan said.
Biswajit Swain, co-founder and CTO, said Coratia continues to invest in autonomy, sensing, navigation, underwater perception and intervention capabilities.
“The Navy programme is an important milestone, but our work extends well beyond it,” Swain said, adding that the company’s research focuses on addressing the specific challenges of Indian waters.
Applications Beyond Defence
Coratia’s technology also has applications across dams and reservoirs, ports, bridges, pipelines, offshore assets, ship infrastructure and subsea communication networks.
The company said underwater robots equipped with cameras, sonar and other sensors can carry out repeatable inspections of submerged structures, foundations, intake systems, spillways and gates. These systems can reduce the need to expose divers to hazardous conditions and support post-flood assessments of submerged bridges, culverts, sluice gates and pipelines.
Its capabilities include underwater visual inspection, sonar surveys, bathymetry, non-destructive testing, structural assessment and robotic cleaning.
Coratia lists the Indian Navy, Indian Oil, Indian Railways, Tata Steel, Hindalco Industries, Steel Authority of India, Neelachal Ispat Nigam Limited, Jindal Steel and Power, and NIT Rourkela among its clients and partners.
Raj Sethia, founder and managing partner of MGF Kavachh, said the follow-on investment reflected the fund’s confidence in Coratia’s team and technology. He cited the company’s engineering and research capabilities, along with its potential applications across defence, critical infrastructure and the wider maritime economy.
Vandana Swarup, director of investments at MGF Kavachh, said the fund expects the investment to support Coratia’s research roadmap, deployment and expansion into a wider range of applications.
