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Deeptech startup Planys raises $4 Mn

EntrackrEntrackr · 1y ago
Deeptech startup Planys raises $4 Mn
Medial

Deeptech startup Planys Technologies has raised $4 million in its ongoing pre-Series A round. The fresh investment tranche has come after a gap of more than two years for the Chennai-based firm. The board at Planys Technologies has passed a board resolution to issue 8,471 CCPS at an issue price of Rs 41,600 each to raise Rs 35.23 crore, its regulatory filing accessed from the Registrar of Companies shows. Himalaya Finance, Golden Birch Investments, Krishna Defence, Impact India Investments, SiriusOne Capital, and several individuals including Ashish Ramesh Kacholia, Shalini Chhabra, and Puneet Gupta participated during the new investment tranche. The company also approved its MSOP pool of 1,445 equity shares amounting to Rs 6 crore (as per the valuation report) in February, a separate filing shows. Established in 2015 by Tanuj Jhunjhunwala and Rakesh Sirikonda, Planys does underwater inspection by offering secure and adaptable solutions through marine robotics and analytics systems. The company has been working on over 350 projects with its 10 products across 5 countries. It also has more than 30 patents under its belt. Planys Technologies has raised around $8 million to date including a $1.6 million round led by Keiretsu Forum, LetsVenture in November 2021. According to the startup data intelligence platform TheKredibe, the company has been valued at around Rs 135 crore (post-money) in the new tranche. Unlike other startups, Planys hasn’t been growing at a rapid clip and this could be evident from its flat scale which grew to Rs 8.63 crore in FY23 as compared to Rs 7.41 crore in FY22. Moreover, the firm’s losses also spiked 3.2X to Rs 3.51 crore in the same period.

Marine robotics startup EyeROV raises $1.2 Mn in pre-Series A

EntrackrEntrackr · 1y ago
Marine robotics startup EyeROV raises $1.2 Mn in pre-Series A
Medial

Marine robotics deep-tech startup EyeROV has raised INR 10 Crore (about $1.2 million) in a pre-Series A round led by Unicorn India Ventures. The company had previously raised $788K from GAIL and others. The funds will be used to strengthen its geographical expansion into international markets and develop advanced marine robotics products and solutions, EyeROV said in a press-release. Co-founded in 2016 by Johns T Mathai and Kannappa Palaniappan P, EyeROV is a deep-tech company which is specialized in marine robotics and AI. The Company aims to empower industries such as energy, maritime, defense, and infrastructure through its cutting-edge unmanned technologies. According to the Kochi-based company, it has introduced commercial underwater drones/ROVs and launched an unmanned surface vehicle (USV) that provides solutions in both India and the MENA region. EyeROV also manufactures solutions for infrastructure inspections and collaborating with defense R&D labs and forces through the Innovations for Defence Excellence (IDEX) initiative to develop maritime intelligence, surveillance, and reconnaissance (ISR) solutions. EyeROV claims that it serves prominent clients including Tata, Adani, BPCL, DRDO, and the Indian Coast Guard, having completed over 100 underwater inspections. It intends to triple its revenue by the end of the financial year by boosting sales in both domestic and international markets.

Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund

EntrackrEntrackr · 5d ago
Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund
Medial

Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund Deep tech startup Coratia Technologies, an indigenous underwater robotics company, has raised Rs 5 crore (around $563,000) in a funding round led by Piper Serica Angel Fund. Its existing investors include MGF Kavachh and Pontaq Ventures, which jointly invested over Rs 17 crore in July 2025 to support India’s strategic autonomy in underwater and subsea robotics. The fresh funding follows Coratia’s recent Rs 66 crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV) named Jalasimha. The proceeds will be used to strengthen in-house research and development, expand manufacturing capacity, upgrade product lines, and explore international markets, the company said in a press release. Co-founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies is incubated at NIT Rourkela and develops advanced autonomous underwater vehicles for defence and industrial applications. Its flagship systems include Jalasimha, Jaladuta, Oceanus and Navya. The Odisha-based startup has executed projects with the Indian Railways and IOCL Paradip. It was also recently invited to Brunei Darussalam, one of Southeast Asia’s largest oil producers, to demonstrate its robotic systems for subsea inspections and maintenance of offshore energy infrastructure. “This investment supports our vision to transform underwater robotics and strengthen India’s position in the global blue economy. Our focus is on building a global supply chain from India and exporting indigenously developed capabilities that address both strategic and commercial needs,” said Debendra Pradhan, co-founder and CEO of Coratia Technologies.

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