Coratia Technologies raises ₹18 crore bridge round
MGF Kavachh leads follow-on financing for underwater robotics and manufacturing capacity.
Coratia Technologies has raised ₹18 crore in a bridge round led by MGF Kavachh. Announced on 29 October 2026, the financing will support research, manufacturing and deployment of its underwater robotic systems.
A priority is delivering a ₹66 crore Indian Navy programme covering indigenous underwater robots and related services. The Navy contract is customer revenue, separate from the new bridge financing.
Founded by Debendra Pradhan and Biswajit Swain, Coratia develops remotely operated underwater vehicles for defence and industrial inspection. It also targets applications around dams, ports, bridges, pipelines and other submerged infrastructure.
Use of funds
Execute Indian Navy programme
Expand research and manufacturing