Coratia Technologies gets Rs 18 crore in bridge funding led by MGF Kavachh

Coratia Technologies has raised Rs 18 crore in a bridge funding round from MGF Kavachh, an investment fund focused on deep technology and strategic sectors.

The startup will use the fresh capital to execute its Rs 66 crore Indian Navy contract under the iDEX initiative, advance research and development (R&D), expand its underwater robotics capabilities and scale manufacturing and deployment for defence and critical infrastructure applications.

Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies develops indigenous underwater robots for defence, infrastructure and industrial applications. Its flagship Jalasimha UWROV has achieved TRL-9 certification, with applications across dams, ports, pipelines and offshore assets.

"Our focus is on miniaturising technology while advancing our systems’ intelligence, capability and deployability across defence, infrastructure and industrial applications," said Debendra Pradhan, co-founder and CEO of Coratia Technologies.

Biswajit Swain, co-founder and CTO, said the company continues to invest in autonomy, sensing, navigation, underwater perception and intervention capabilities to address the challenges of Indian waters. MGF Kavachh founder and managing partner Raj Sethia said Coratia's engineering and R&D capabilities position it to address complex underwater challenges across defence and critical infrastructure.

Coratia previously raised Rs 17 crore in a Pre-Series A funding round in 2025 from MGF Kavachh, Piper and SIDBI. With the latest Rs 18 crore investment, the company has raised a total of Rs 35 crore across the two disclosed rounds.

The investment comes amid growing interest in indigenous deep-tech capabilities for defence and critical infrastructure. Underwater robotics can support inspections of submerged structures, pipelines, dams and offshore assets while reducing the need for divers to work in hazardous conditions.