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Coratia Technologies raises Rs 18 crore bridge round

Original: Coratia Technologies raised Rs 18 crore in a bridge round led by MGF Kavachh. The funds will support a Rs 66 crore contr

Indian underwater robotics startup Coratia Technologies has raised Rs 18 crore in a bridge funding round led by MGF Kavachh. The capital will support a Rs 66 crore contract with the Indian Navy under the government's iDEX defence innovation initiative. The deal highlights growing investor interest in startups supplying indigenous defence technology to India's armed forces.

Why now: The funding and its link to a major Indian Navy defence contract under iDEX make the startup notable in India's growing defence-tech sector.

Coratia TechnologiesMGF KavachhIndian NavyiDEX

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• Coratia Technologies raised Rs 18 crore in a bridge round led by MGF Kavachh. The funds will support a Rs 66 crore contract with the Indian Navy under the iDEX initiative. Source: Entrackr https:// entrackr.com/snippets/coratia-… · sipirtu

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