Former Defence Secretary's Venture Fund Backs Robotics Startup Coratia Technologies

Underwater robotics startup Coratia Technologies has raised $2 Mn (around INR 17.1 Cr) in a Pre-Series A funding round led by MGF Kavachh, a venture capital fund floated by former defence secretary Ajay Kumar, sources told Inc42.

However, the shared press release didn’t mention the funding amount.

Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies was incubated at NIT Rourkela, specialising in underwater robotics.

Its core products include self-guided robots for underwater tasks called autonomous underwater vehicles (AUVs) and tethered robots controlled from the surface, known as remotely operated vehicles (ROVs).

“Coratia Technologies is solving real-world challenges under the surface—their work has immense implications for maritime security, energy, and safety and longevity of critical underwater infrastructure like bridges and dams,” said MGF Kavachh’s managing partner, Raj Sethia.

MGF Kavachh is a SEBI-registered Category II Alternative Investment Fund (AIF) and venture capital fund based in New Delhi. Founded in 2024 by Ajay Kumar, MGF Kavachh focuses on investing in early-stage startups working in frontier and deep technologies.

(The story will be updated soon)

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