Biography of Debendra Pradhan: Founder and CEO of Coratia Technologies-Entrepreneur
Biography of Debendra Pradhan:
Vision Behind Coratia Technologies
Debendra Pradhan, the founder and CEO of Coratia
Technologies, is an innovator with a deep passion for technology and
engineering. Having graduated from the National Institute of Technology (NIT)
Rourkela, Debendra's career journey has seen significant milestones, starting
with his role at Mercedes-Benz Research and Development India, where he gained
expertise in CAE analysis and vehicle dynamics. His entrepreneurial journey
took off in 2021 when he co-founded Coratia Technologies, a company specializing
in underwater robotics. The company aims to revolutionize underwater
inspections and problem-solving through cutting-edge technology.
The Innovation in Underwater Robotics
Coratia Technologies is at the forefront of underwater
robotics, focusing on solutions for Remotely Operated Vehicles (ROVs) and
Autonomous Underwater Vehicles (AUVs). These innovations are tailored to
address complex underwater challenges, such as submerged civil structure
inspections, non-destructive testing (NDT), sediment analysis, and underwater
surveys. Their products are designed to provide precision, efficiency, and
safety in tasks that are typically challenging and dangerous for human divers.
Biography of Debendra Pradhan: Founder and CEO of Coratia Technologies-Entrepreneur/age/net worth/investor/startup/underwater robotics/Debendra P
Indigenous Technology and Expertise
The company has developed over two indigenously designed
ROVs, which have helped Coratia Technologies gain a competitive edge in the
market. Their advanced technological capabilities have allowed them to perform
a range of underwater tasks, from structural health assessments to search and
rescue missions. The ability to use these robots for a variety of purposes
makes Coratia Technologies an important player in the field of underwater
exploration and operations.
A Revolutionary Approach to Underwater Challenges
Coratia Technologies has positioned itself as a key
innovator in the field of underwater robotics, aiming to reduce costs
associated with underwater operations. By offering affordable and efficient
solutions, the company has gained a reputation for delivering high-quality
services while making underwater inspections safer and more accessible. The
company’s cutting-edge robotics are tailored to tackle underwater tasks with
great precision, which could potentially save industries millions of dollars in
manual inspection costs.
An Ambitious Business Model
The business model of Coratia Technologies focuses not only
on developing advanced underwater robots but also on offering consultancy
services and integrated solution packages for a variety of underwater
applications. Their solutions cater to clients across multiple industries,
including marine, civil engineering, and environmental science. Coratia
Technologies strives to meet the unique needs of its clients by customizing its
robots and services, ensuring that they provide the best possible underwater solutions.
Making Waves in the Shark Tank
Coratia Technologies caught the attention of the investors
on Shark Tank India Season 3 when they presented their cutting-edge technology
to the Sharks. The founders, Debendra Pradhan and Biswajit Swain, pitched their
business model, requesting ₹80 lakh for a 1% equity stake in the company,
valuing the business at ₹80 crore. The Sharks were intrigued by the innovative
concept of using underwater robots for inspection and problem-solving, a field
with vast potential.
A Cultural Connection with the Sharks
The founders of Coratia Technologies hail from Odisha, and
this cultural connection resonated with the Sharks. Ritesh Agarwal, one of the
investors, greeted the pitchers in Odiya, which helped establish a personal
bond. The pitch also impressed the Sharks with its cutting-edge technology,
showcasing how Coratia Technologies could transform industries by reducing the
risks and costs associated with underwater operations.
The Offer from the Sharks
As the pitch progressed, Vineeta Singh, one of the Sharks,
made an offer, which sparked interest among the founders. However, they
revealed that they had already received an acquisition offer for ₹150 crore,
which created a moment of tension in the room. Aman Gupta, another Shark,
pointed out that with such an offer on the table, they might not be willing to
entertain any investment deals from the Sharks.
Ritesh Agarwal's Strategic Offer
Despite the tension, Ritesh Agarwal made a strategic offer
to the founders of Coratia Technologies, matching their ask of ₹80 lakh for 1%
equity. Radhika Gupta, another Shark, also expressed her support, proposing
that they help establish the company’s operations in Odisha, which would
provide valuable support for the startup's growth. This combination of
financial investment and strategic support was too good for the founders to
pass up.
The Final Decision
After considering the various offers, Debendra and Biswajit
decided to accept Ritesh Agarwal’s offer. The pitch ended with a deal secured
for ₹80 lakh in exchange for 1% equity in the company, giving Coratia
Technologies the financial backing and mentorship they needed to scale their
operations. This investment would enable the company to further develop its
underwater robotics and expand its reach in the market.
The Road Ahead for Coratia Technologies
With the backing of Ritesh Agarwal and the Sharks’ support,
Coratia Technologies is poised for significant growth. The company now has the
resources to accelerate the development of its products and expand its services
to a broader audience. Their innovative underwater robots have the potential to
transform industries such as marine engineering, environmental science, and
even search and rescue operations, positioning Coratia Technologies as a leader
in the field.
The Shark Tank Experience
The founders of Coratia Technologies were thrilled to secure
a deal on Shark Tank India. The show provided them with a platform to showcase
their groundbreaking technology to a national audience, opening doors to new
opportunities and potential collaborations. The exposure from the show also
helped elevate the company’s brand, positioning them as innovators in the
underwater robotics space.
A Bright Future for Underwater Robotics
Looking forward, Coratia Technologies is set to push the
boundaries of what is possible in underwater robotics. With the support of
investors and a strong team of engineers and innovators, the company is ready
to tackle the next generation of underwater challenges. The future of Coratia
Technologies is filled with promise, as they continue to develop solutions that
make underwater exploration and problem-solving safer, more efficient, and more
accessible than ever before.
Timeline for Coratia Technologies story
2021 - Debendra Pradhan co-founds Coratia Technologies,
focusing on underwater robotics.
Shark Tank India, 2023 - Coratia Technologies pitches on
Shark Tank India, seeking ₹80 lakh for 1% equity.
Shark Tank Offer - Ritesh Agarwal offers ₹80 lakh for 1%
equity, with strategic support for Odisha operations.
Post-Shark Tank Growth - With investment, Coratia
Technologies accelerates product development and market expansion.
Future Plans - The company aims to lead underwater robotics
innovations across industries like marine engineering and environmental
science.
