The startup picture in Raipur

Venture capital is present but thin: 71 of 920 tracked companies have ever raised outside money. ZOFF Foods' $2 million Pre-Series B round is a bright spot, not yet proof of a deep funding market.

Startups in Raipur - Funding, Founders & Investors

Everything startup in one place: who's building, how the landscape clusters, the people and investors behind it, and whether the capital is real.

Sarda Energy and Minerals

Vertically Integrated Steel Production with Captive Power and Niche Ferro Alloys

est. 1973 · 1,471 staff · raised outside money

Kamal Kishore Sarda — Chairman & CEO

VNR Seeds

Innovative Seed Technology for Farmers

est. 2004 · 1,364 staff · raised outside money

Krishi Chawda — Founder

Mahamaya Steel Industries

Manufacturing of heavy and light steel structures for various industries

est. 1988 · 750 staff · raised outside money

Ramanand Agrawal — Founder

Vaswani Industries

Vaswani Group: A Reputed Manufacturing Unit with Diversified Portfolio

est. 2003 · 375 staff · raised outside money

Ravi Vaswani — Managing Director

Manorama Industries

Manorama Industries: Sustainable Forest Products with Advanced Tech

est. 1970 · 359 staff · raised outside money

Vinita Ashish Saraf — Managing Director

Goel TMT

Steel & Frozen Food Manufacturing

est. 2000 · 345 staff · raised outside money

Bajrang Goel — Director

Sandeep Goel — CFO

ZOFF Foods

Zoff: Innovating Fresh Spice Delivery with Cool Grinding Technology

est. 2018 · 184 staff · raised outside money

Akash Agrawal — Co-Founder & MD

Ashish Agrawal — Co-Founder & MD · Master of Business Administration La Trobe University

Orissa Bengal Carrier

Transport company with advanced tech integration

est. 1994 · 174 staff · raised outside money

Ravi Agrawal — Managing Director

Finology

Empowering common investors through value-based investing and personal finance coaching

est. 2018 · 84 staff · raised outside money

Priya Jain — Co-Founder

Pranjal Kamra — Co-Founder & CEO

Easy Nirman

Easy Nirman - Tech-enabled Construction

est. 2014 · 26 staff · raised outside money

Syed Shadab — Co-Founder

Feynman Technologies

Software development company providing innovative and user-friendly solutions.

est. 2000 · 18 staff · raised outside money

Siddharth Jain — Founder & CEO

Gimbooks

GimBooks - Invoicing & Inventory Management App for MSMEs

est. 2017 · 14 staff · raised outside money

Meghal Agrawal — Co-Founder & Head of Product · Bachelor of Technology NIT Raipur

Ujjwal Agrawal — Co-Founder & CTO · Bachelor of Technology IIT ISM

ez enRoute

Business Process Automation and Transit System Transformation Solutions

est. 2015 · 13 staff · raised outside money

Satayender Chaudhary — Founder

Cubelelo

Cubelelo: One-stop shop for mind-puzzles and learning toys

est. 2013 · 12 staff · raised outside money

Jainendra Jain — Founder

Nitesh Deshmukh — Co-Founder

Adithya Biotech Lab and Research

Provider of plant tissue culture, seeds, nutraceuticals, and organic products

est. 1996 · 11 staff · raised outside money

Shubhika Jain — · Bachelor of Arts LSR

Innolat

Personalized virtual learning platform for undergraduates

est. 2015 · 9 staff · raised outside money

Prakriti Khare — Founder & Director

Mcapital

Online lending marketplace offering small business loans

est. 2017 · 5 staff · raised outside money

Ketan Patel — Founder & MD

Pratik Panels

Manufacturer of grills and doors

est. 1989 · 2 staff · raised outside money

Jaswantraj Singhvi — Owner

ZFinca Insurance

Provider of health, travel and P&C insurance brokerage services

est. 2019 · raised outside money

Raman Kumar — CEO

9M India

New Drug Formulation Unit for Manufacturing of WHO and c-GMP Compliant Drugs

est. 2020 · raised outside money

Ajay Agrawal — Managing Director

A2ZHEALTH+

Cloud-based Health Decision Support Platform

est. 2016 · raised outside money

Shekhar Kothari — Co-Founder & Director

Aishwarya Jain — Co-Founder & Director

Acculegal

Virtual CFO and legal extension for startups and businesses

est. 2017 · raised outside money

Namrata Tatiya — Founder

Harshdeep Gumber — Co-Founder

Alishan Green Energy

Manufacturer of solar module materials

est. 2020 · raised outside money

Kishanlal Agrawal — Founder

Aviorone Technologies

Provider of drone, surveying and geospatial services

est. 2016 · raised outside money

Ravi Singh — CEO

Piyush Jha — CEO

cluster · 111 companies

Business Services

33 founded since 2018 · 8 funded

Sub-themes

it services · 39marketing services · 28hr services · 12facility management services · 9legal services · 6management consulting services · 5

e.g. Amicus Technology, Entit Consultancy Services, Asaprecruitment

cluster · 101 companies

Consumer

60 founded since 2018 · 3 funded

Sub-themes

local services · 18logistics tech · 16fashion tech · 15wedding tech · 9professional consumer services · 9matchmaking · 7

e.g. shree shivam, Alco Foods, Ravindra Auto Distributors

cluster · 63 companies

Real Estate And Construction

24 founded since 2018 · 3 funded

Sub-themes

building materials · 19real estate & infrastructure developers · 12facility management services · 7interior designers · 5real estate brokers · 4construction management services · 4

e.g. Avinashgroup, Barbrik Project, Real Ispat

cluster · 62 companies

Retail

29 founded since 2018 · 8 funded

Sub-themes

fashion tech · 15wholesalers · 7e-commerce enablers · 6horizontal e-commerce · 5b2b e-commerce · 4retailers · 4

e.g. Sumeet Bazaar, Touchstone Group, shree shivam

cluster · 59 companies

Healthcare

28 founded since 2018 · 5 funded

Sub-themes

hospitals · 18clinics · 9alternative medicine products · 4traditional pharmaceuticals · 3medical device distributors · 3home healthcare · 3

e.g. Shri Medishine Health Care & Research Center, SBH, Cartel Health Care

cluster · 57 companies

Enterprise Applications

32 founded since 2018 · 7 funded

Sub-themes

hrtech · 16marketingtech · 8enterprise resource planning · 6legal tech · 5enterprise software · 5saas · 4

e.g. SteelMint, Stratview Research, codenicely

cluster · 55 companies

Food And Agriculture

19 founded since 2018 · 3 funded

Sub-themes

food processing · 15food & beverage products · 12food distributors · 6crop equipment · 4services for crop farming · 4restaurants · 3

e.g. GOELD, Manorama Industries, Sarda Dairy

cluster · 44 companies

Chemicals And Materials

11 founded since 2018 · 4 funded

Sub-themes

metals and alloys · 24paints and coatings · 5diversified chemicals · 3manufacturing services · 3materials services · 2chemical services · 2

e.g. JSW Ispat Special Products, Mahamaya Steel Industries, Goel TMT

cluster · 43 companies

Consumer Goods

18 founded since 2018 · 6 funded

Sub-themes

food & beverage products · 16home furnishing products · 7apparel brands · 4fashion accessories · 4beauty & personal care products · 4internet first brands · 3

e.g. Alco Foods, Mahanadi Spices, GOELD

cluster · 43 companies

Education

12 founded since 2018 · 1 funded

Sub-themes

higher education institutions · 15k-12 schools · 9educational support services · 6continuing education centres · 4academic tutoring · 4continuing education chains · 2

e.g. Kalinga University, Kalinga University Raipur, ISBM University

Founder & Background	Role	Company
Ramanand Agrawal Mahamaya Steel Industries	Founder	Mahamaya Steel Industries
Sandeep Goel CFO-Goel TMT	CFO	Goel TMT
Akash Agrawal Asquare Food And Beverages, La Trobe University, 1970	Co-Founder & MD	ZOFF Foods
Ashish Agrawal IIPM MBA, La Trobe University MBA	Co-Founder & MD	ZOFF Foods
Ravi Agrawal Orissa Bengal Carrier	Managing Director	Orissa Bengal Carrier
Pranjal Kamra Hidayatullah National Law University, Raipur LLB 2015	Co-Founder & CEO	Finology
Syed Shadab Ex- Bhilai Engineering Corporation, Crowne Plaza	Co-Founder	Easy Nirman
Siddharth Jain ex-CTO Astute Info Consulting, GeNext Technologies. IIT Roorkee BE 1998	Founder & CEO	Feynman Technologies
Meghal Agrawal Founder CodeNicely, WedNicely, HealthPotli, SteelLive, NAVMO. National Institute of Technology Raipur BTech 2018	Co-Founder & Head of Product	Gimbooks
Ujjwal Agrawal Chief Technology Officer - GimBooks, Ex-Co-Founder CodeNicely, Vahak \| Indian Institute of Technology Dhanbad (2019)	Co-Founder & CTO	Gimbooks
Yash Agrawal GIM Infotech, ex-KDSD Exim India, Target. Symbiosis Centre for Management Studies- Pune BBA 2009	Co-Founder & CEO	Gimbooks
Satayender Chaudhary Dex, Founder goporter, Founder dexgo, Co-Founder Defy The Norms, Co-Founder Search Value. Motivational Pathway B Tech 2005, Instit	Founder	ez enRoute
Jainendra Jain ex- Mahindra & Mahindra. ed- Maulana Azad National Institute of Technology 2014.	Founder	Cubelelo
Nitesh Deshmukh ex- Bank of America Merrill Lynch. ed- B-Tech in Civil Engineering from IIT Bombay 2014.	Co-Founder	Cubelelo
Shubhika Jain Ex - Founder and CEO - Moody, Founder and CEO - RAS Luxury Skincare. Indus International School, Bangalore, India IB Diploma 2012,		Adithya Biotech Lab and Research
Prakriti Khare Appricod, ex-Maternity Break, ex-Dar Al Handasah, National Institute of Technology Raipur, 2011	Founder & Director	Innolat
Raman Kumar Reliance Life Insurance, ex-ICICI Prudential Life Insurance.	CEO	ZFinca Insurance
Ajay Agrawal MD-9M India	Managing Director	9M India
Namrata Tatiya Self Employed, ex-Batra Deepak And Associates, ex-Kanj And Associates Company Secretaries, Pandit Ravishankar Shukla University, 2	Founder	Acculegal
Harshdeep Gumber Ex-Deloitte	Co-Founder	Acculegal

backgrounds shown where available

232 investors are on record backing Raipur companies. The most committed:

Most active — backed 2+ companies

36Inc

2Adarsh Agarwal

2Ministry of Electronics & Information Technology

2IIMA Ventures

Institutional

36Inc · accelerator / incubatorIIMA Ventures · VC fundSailThru Ventures · VC fundY Combinator · VC fundFirst Check Ventures · VC fundUpekkha · accelerator / incubatorVillage Capital · accelerator / incubatorTen Eighty Investment · VC fundGJNX Ventures · VC fundSinghvi Heritage · VC fundJITO Incubation & Innovation Foundation · accelerator / incubatorPedalStart · accelerator / incubatori-Hub · accelerator / incubatorAtal-GreatLakes Balachandran Incubator · accelerator / incubator+ 8 more

Private & corporate backers

Adarsh AgarwalMinistry of Electronics & Information TechnologyIDFCRaipur Horticultural FarmChawda PlantationsVnr FarmHema SeedsAkshay ChauhanVelu ChawdaByas Agarwal+ 200 more

hover a name to see who they backed

Funded startups — peer cities

Bhubaneswar

139

Nagpur

108

Bhopal

Raipur

21Ranchi

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
EHO	healthcare & lifesciences	1	2022-06	2020
ZFinca Insurance	others	0	—	2019
ZOFF Foods	food & beverages	2	2026-03	2018
Vaswani Industries	mining & metals	0	—	2003
VNR Seeds	farming	3	2011-07	2004
Bheshaj Innovations	medical devices	0	—	2016
9M India	healthcare & lifesciences	0	2024-10	2020
A2ZHEALTH+	hospital & health care	0	—	2016
Adithya Biotech Lab and Research	farming	0	—	1996
Acculegal	professional & commercial services	0	—	2017
Alishan Green Energy	renewables & environment	0	2024-10	2020
Aviorone Technologies	aviation & aerospace	0	—	2016
BBag	retail	0	—	2016
BetterSpace	managed care	1	2023-10	2020
Binomial Analytics	information technology and services	0	—	2018
BlueBanyan	information technology and services	0	—	2016
Chalbo	leisure, travel & tourism	0	—	2018
Cubelelo	internet	1	2021-03	2013
Cube Robotrix	electrical/electronic manufacturing	0	—	2014
Daarsh Innovations	pharmaceuticals	0	—	2016
Easy Lorry	transportation/trucking/railroad	0	—	2017
Easy Nirman	building materials	0	—	2014
Eblity	education management	0	—	2019
ez enRoute	information technology and services	0	—	2015
Feynman Technologies	computer software	0	—	2000

round amounts sparse for tier-3 cities — counts shown, dollar totals withheld

Company	Industry	Founded	Employees
Fifth Sense	cosmetics	2026	—
AB CleanIndia	consumer goods	2025	—
AromaxAI	information technology and services	2025	—
Eone Capital	financial services	2025	—
GrowthAssist	management consulting	2025	—
Kalda Hospital	hospital & health care	2025	—
Krocubes	information technology and services	2025	—
MyBizzAI	information technology and services	2025	—
Supplyx	logistics and supply chain	2025	—
Underprocess.com	industrial automation	2025	—
Vinxign	internet	2025	—
Acquaflow Solutions	civil engineering	2024	—
AgriiVeda	farming	2024	—
Brainless-AI	translation and localization	2024	—
CBK EV MOTORS	electrical equipment	2024	—
Chhattisgarh Driver Mahasangathan	transportation/trucking/railroad	2024	—
Chalkk n Talkk	education management	2024	—
Chhattisgarh Employment	internet	2024	—
Dr. PK Classes	pharmaceuticals	2024	—
Gizmo Price	it consulting and outsourcing	2024	—

The startup picture in Raipur

Sarda Energy and Minerals

VNR Seeds

Mahamaya Steel Industries

Vaswani Industries

Manorama Industries

Goel TMT

ZOFF Foods

Orissa Bengal Carrier

Finology

Easy Nirman

Feynman Technologies

Gimbooks

ez enRoute

Cubelelo

Adithya Biotech Lab and Research

Innolat

Mcapital

Pratik Panels

ZFinca Insurance

9M India

A2ZHEALTH+

Acculegal

Alishan Green Energy

Aviorone Technologies

Business Services

Consumer

Real Estate And Construction

Retail

Healthcare

Enterprise Applications

Food And Agriculture

Chemicals And Materials

Consumer Goods

Education

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