News on Medial

MGF Kavachh Backs Robotics Startup Coratia Technologies

Inc42 · 16h

Underwater robotics startup Coratia Technologies, founded by Debendra Pradhan and Biswajit Swain, has secured $2 million in a Pre-Series A funding round led by MGF Kavachh, a venture capital fund initiated by former defence secretary Ajay Kumar. Incubated at NIT Rourkela, Coratia Technologies focuses on developing autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs). MGF Kavachh is a SEBI-registered Category II Alternative Investment Fund based in New Delhi.