New Delhi, Nov. 12 -- Odisha-based Coratia Technologies said it has raisedRs.5 crore (about USD 563,000) from Piper Serica Angel Fund. The round will be used to strengthen in-house research and development, expand manufacturing capacity, upgrade existing product lines and drive international market outreach.

The company positions the funding as a stepping stone to move from demonstration to repeatable production and exports-a critical phase for deep-tech hardware startups operating in capital- and scale-intensive domains such as underwater robotics.

Coratia's funding comes on the heels of a high-profile contract: the startup recently secured an INR 66-crore order from the Indian Navy for its indigenously developed Underwater Remotely Op...