The startup picture in Bhubaneswar

Outside funding is real but selective: 139 of 1926 tracked companies have ever raised it, while 307 have shut down. Bhubaneswar has capital stories, but not broad venture depth.

Startups in Bhubaneswar - 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.

Annapurna Finance

Annapurna provides financial assistance for economic empowerment

est. 2009 · 11,346 staff · raised outside money

Gobinda Pattanaik — Founder & Managing Director

Odisha Power Generation Corporation

State-of-the-art thermal power plants in Odisha

est. 1984 · 3,000 staff · raised outside money

Prasant Kumar Mohapatra — Managing Director

Tatwa

Tatwa Technologies: Client-driven tech solutions provider

est. 2002 · 1,109 staff · raised outside money

Ayaskanta Mohanty — Co-Founder & Managing Director · BS Bjbcollege

Tapendra Senapati — Co-Founder & Co-CEO

Vector Finance

Provider of microcredit services

est. 2018 · 1,051 staff · raised outside money

Sumit Sharma — Co-Founder & CEO · MBA INSEAD

Utkal Hospital

Utkal Hospital: A Traditional Healthcare Provider with 25 Years of Service

est. 2008 · 770 staff · raised outside money

Kalyan Rath — Co-Founder

Aditya Samal — Co-Founder

Ortel Communications

Triple Play Cable & Broadband Service Provider in India

est. 1995 · 490 staff · raised outside money

Bibhu Prasad Rath — CEO · BSc Utkal University

Milk Mantra

Milk Mantra: Ethical Milk Sourcing & Functional Innovation

est. 2009 · 468 staff · raised outside money

Srikumar Misra — Co-Founder & Chairman

Rashima Misra — Co-Founder & Executive Director · Jadavpur University

KIIT

KIIT University: Traditional Education with Interdisciplinary Excellence

est. 1992 · 424 staff · raised outside money

Achyuta Samanta — Founder

Arrelic

IoT-based sensors for industrial operation & maintenance optimization

est. 2016 · 350 staff · raised outside money

Deepak Sahoo — Founder & CEO

iServeU

Full-stack financial infrastructure with lead gen platform & APIs

est. 2014 · 344 staff · raised outside money

Debi Sarangi — Co-Founder & CEO

Amit Tyagi — Co-Founder

Odisha Television

OTV News: Leading Breaking News Source in Odisha, India

est. 1997 · 333 staff · raised outside money

Jagi Panda — Owner & Managing Director

SAI International Education Group

Operater of K-12 schools

est. 2018 · 175 staff · raised outside money

Bijaya Sahoo — Founder

Grozip

Grozip: On-demand, hyperlocal delivery marketplace for groceries, food & home essentials in India

est. 2015 · 137 staff · raised outside money

Asha Mishra — Co-Founder

Ananda Mishra — Co-Founder & CEO

Innocule

Provider of chemical solutions for efficient mineral processing

est. 2014 · 118 staff · raised outside money

Gyan Das — Co-Founder · BE IIT Bombay

Surbhi Sarna — Co-Founder

Evolutionary Algorithms

Cloud ERP for Door & Window Manufacturers

est. 2009 · 107 staff · raised outside money

Gourav Singhal — Managing Director

CureBay

Bridging the gap in primary healthcare for underserved markets through tech-enabled solutions

est. 2020 · 81 staff · raised outside money

Shobhan Mahapatra — Co-Founder · NIT Rourkela

Sanjay Swain — Co-Founder & CTO · Harvard University

OrangeCross

OrangeCross Healthcare - Quality and empathetic healthcare services.

est. 2017 · 81 staff · raised outside money

Ajay Bhanja — Founder

Santosh Kumar Jena — COO

Afixi Technologies

Offering IT Services by providing various software development, web/graphic designing, and marketing services.

est. 2002 · 76 staff · raised outside money

Prasenjeet Pati — Co-Founder · B.Tech Indian Institute Of Technology Kharagpur

Lopamudra Kanungo — Co-Founder

Edusys

Education Training Provider for Industry-recognized Certifications

est. 2004 · 76 staff · raised outside money

Bibhudutta Satpathy —

Sanjukta Satpathy —

Vasitars

In-situ composite repair solutions for pipelines

est. 2017 · 58 staff · raised outside money

Vishwas Chandra — Co-Founder & CEO

Tushar Gautam — Co-Founder

EzeRx

EzeRx: Innovative Medical Devices for Preventive Healthcare

est. 2018 · 45 staff · raised outside money

Sudip Chowdhury — Co-Founder · MS Manipal

Partha Mahapatra — Co-Founder & CEO · Bachelor of Science Kuvempu University

Kalinga Software

Kalingasoft: Shaping Education with 20 Years of Tech-Enabled Solutions

est. 1998 · 42 staff · raised outside money

Srijat Mishra — CEO

BookingJini

Bookingjini: Revolutionizing the Hotel Industry through Technology

est. 2015 · 38 staff · raised outside money

Swosti — Co-Founder · ME Utkal University

Sibasish — Co-Founder & CEO · Utkal University

Aurassure

AI-powered climate intelligence and environmental monitoring solutions using IoT sensors

est. 2022 · 32 staff · raised outside money

Akanksha Priyadarshini — Co-Founder and CEO · B.Tech NIT Rourkela

Omprakash Patra — Co-Founder · Bachelor of Technology NIT Rourkela

cluster · 363 companies

Business Services

119 founded since 2018 · 5 funded

Sub-themes

it services · 144marketing services · 93hr services · 29facility management services · 16management consulting services · 14event management services · 11

e.g. Tatwa, Newaetate, Luminous Infoways

cluster · 213 companies

Consumer

117 founded since 2018 · 15 funded

Sub-themes

local services · 36logistics tech · 36fashion tech · 31road transport tech · 26professional consumer services · 18online travel · 17

e.g. ESSPL, DateTheRamp, Odisha Job Consultancy

cluster · 145 companies

Enterprise Applications

61 founded since 2018 · 8 funded

Sub-themes

hrtech · 32marketingtech · 30saas · 22enterprise software · 22enterprise resource planning · 20events tech · 9

e.g. Arrelic, FormsDotStar, Trustroo

cluster · 140 companies

Retail

85 founded since 2018 · 11 funded

Sub-themes

fashion tech · 31horizontal e-commerce · 22b2b e-commerce · 11e-commerce enablers · 10coupons and deals · 8e-commerce support services · 8

e.g. Arundhati Jewellers, algopage, DateTheRamp

cluster · 107 companies

Real Estate And Construction

42 founded since 2018 · 1 funded

Sub-themes

real estate & infrastructure developers · 25facility management services · 16building materials · 12construction contractors · 11construction management services · 11architects · 10

e.g. Umsl, Arki Techno, RKD Construction

cluster · 99 companies

Education

24 founded since 2018 · 12 funded

Sub-themes

higher education institutions · 37k-12 schools · 16continuing education centres · 12continuing education chains · 8k-12 edtech · 8academic tutoring · 8

e.g. KIIT, Centurion University, Gandhi Engineering College

cluster · 94 companies

Food And Agriculture Tech

56 founded since 2018 · 16 funded

Sub-themes

food tech · 35online grocery · 34crop tech · 21aquaculture tech · 5livestock tech · 4b2b e-commerce · 3

e.g. DailyMoo, Grozip, Total Agri Care Concern

cluster · 94 companies

Healthcare

37 founded since 2018 · 10 funded

Sub-themes

hospitals · 16clinics · 13home healthcare · 10rehabilitation and long-term care · 8medical device distributors · 5biopharma outsourcing · 5

e.g. Utkal Hospital, Kalinga Hospital, Vedi Herbals

cluster · 91 companies

Edtech

54 founded since 2018 · 4 funded

Sub-themes

k-12 edtech · 39continued learning · 24test preparation tech · 23higher education tech · 14academic tutoring · 8enterprise resource planning · 6

e.g. FormsDotStar, Central Tool Room, Edusys

cluster · 88 companies

Media & Entertainment

33 founded since 2018 · 4 funded

Sub-themes

internet first media · 49internet first news publishers · 8film & tv studios · 6social platforms · 5book tech · 5ott video · 5

e.g. Kanak News, Sambad English, Sakala Media

Founder & Background	Role	Company
Ayaskanta Mohanty Invest Bhubaneswar, CITE. BJB College Bhubaneswar BSc 1992	Co-Founder & Managing Director	Tatwa
Tapendra Senapati Founder 2tab Healthtech, RABINDRA LIFELINE.	Co-Founder & Co-CEO	Tatwa
Sumit Sharma Founder Radian Finserv, ex-Jana Small Finance Bank, Telenor, DBS Bank, HSBC. INSEAD MBA 2001	Co-Founder & CEO	Vector Finance
Subodh Singh Ex-KIMS Hospitals, Apollo Hospitals, Dr. Sulaiman Al Habib Medical Group.Osmania University Master's degree, Hospital and Health C	CEO	Utkal Hospital
Ashish Chandra Ex-Jaipur Golden Hospital, M.G.S. Hospita, Columbia Asia Hospital, Medicover Healthcare	CEO	Utkal Hospital
Bibhu Prasad Rath Ex- Odisha Television. Indian Metals & Ferro Alloys. Utkal University BSc 1986.	CEO	Ortel Communications
Srikumar Misra Founder aarna protocol, ex-The Tetley Group, Tata Group. Pune University BE 1999, XIM Bhubaneswar MBA 2001	Co-Founder & Chairman	Milk Mantra
Rashima Misra Ex-United Learning, Satyam Computers, Polaris Consulting & Services. Jadavpur University BS 2000, XIM Bhubaneswar MBA 2002	Co-Founder & Executive Director	Milk Mantra
Biswajit Mishra Ex-Duet India, DLF Hotel Holding, EY, Maruti Udyog. Utkal University BCom 1997	Executive Director	Milk Mantra
Achyuta Samanta Founder KISS.	Founder	KIIT
Deepak Sahoo Ex-SABIC - SADAF, Balasore Alloys, EMCO, Coca-Cola. BPUT BE 2007, IIPM MBA 2008	Founder & CEO	Arrelic
Debi Sarangi Ex-GI Technology. Orissa Engineering College BTech	Co-Founder & CEO	iServeU
Umakant Sahoo Ex-Easy Bill, GI Technology, Oxigen Services India. Asia Pacific Institute Of Management MBA 2006	Co-Founder & Chief Sales Officer	iServeU
Debashis Mohapatra Ex- AABSyS IT, TEKONS Systems	Co-Founder & Chief Operating Officer	iServeU
Jagi Panda Osmania University, Hyderabad BASc 1988	Owner & Managing Director	Odisha Television
Bijaya Sahoo Founder SAI Angan, Government of Odisha, FICCI ARISE, ex-Allahabad Bank, Hindustan Shipyard. Ravenshaw College Bcom 1982, ICWAI 19	Founder	SAI International Education Group
Asha Mishra Ex-Pramod Hotels and Resorts, Vaiahnavi corporate communications.Indian Institute of Mass Communication 2010	Co-Founder	Grozip
Ananda Mishra Alibaba Group, Google, Moonlit Academy. Orissa Engineering College BTech 2010	Co-Founder & CEO	Grozip
Gyan Das UNISOL CHEMTECH, Panipat Refinery, Indian Oil Corporation. Indian Institute of Technology, Bombay 2003	Co-Founder	Innocule
Surbhi Sarna Indira Gandhi National Open University MA	Co-Founder	Innocule

backgrounds shown where available

744 investors are on record backing Bhubaneswar companies. The most committed:

Most active — backed 2+ companies

KIIT-TBI

BIRAC

4Pontaq

3Mumbai Angels

3Tapan Mohanty

3Brand Capital

2SIDBI Venture Capital

2Oikocredit

2Nihal Singh

2A K Srivastava

2British International Investment

2Shantanu Bhagwat

Institutional

KIIT-TBI · accelerator / incubatorPontaq · VC fundBrand Capital · VC fundSIDBI Venture Capital · VC fundA99 · VC fundInflection Point Ventures · VC fundUnicorn India Ventures · VC fundVIT-TBI · accelerator / incubatorAIC-SMUTBI · accelerator / incubatorEncourage Capital · VC fundGulmohar Distributors · VC fundRewa Gases · VC fundTriodos Investment Management · VC fundImaginara Legacies · VC fund+ 33 more

Private & corporate backers

BIRACMumbai AngelsTapan MohantyOikocreditNihal SinghA K SrivastavaBritish International InvestmentShantanu BhagwatNibedita MohantyDebanjan Roy+ 687 more

hover a name to see who they backed

Funded startups — peer cities

Thiruvananthapuram

171

Bhubaneswar

139

Bhopal

62Guwahati

21Ranchi

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
Sunshine Hospitals	hospital & health care	7	2021-10	2009
Subarnarekha Port	maritime	2	2012-06	2008
Vasitars	mechanical or industrial engineering	2	2022-03	2017
Ziplr	computer software	0	—	2015
WhiteShark Energy	renewables & environment	0	—	2017
Wishleaf	insurance	0	2021-06	2020
WitHStand Fitness	health, wellness and fitness	0	—	2021
Yoobbel	internet software	0	—	2021
Track Tech	automotive	0	—
Transform	non-profit organization management	0	—	2019
Tribe	financial services	0	—	2021
Udiyate	machinery (b2b)	2	2019-12	2014
Upsoil	farming	1	2019-08	2019
Utkal Hospital	hospital & health care	0	—	2008
AATWRI	aviation & aerospace	0	—	2018
Abgenex	biotechnology	0	—	2013
Afixi Technologies	information technology and services	0	—	2002
AIIMS Bhubaneswar	hospital & health care	1	2021-09	2012
Alfa	electrical/electronic manufacturing	0	2018-10	1982
Ambula	health, wellness and fitness	1	2024-02	2023
Annapurna Finance	financial services	17	2026-02	2009
Appolo Infraprojects	real estate	0	—	1991
Aquapulse	aquaculture	0	2026-04	2023
ARCHON MOTORS	automotive	0	—	2018
Arrelic	mechanical or industrial engineering	0	—	2016

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

Company	Industry	Founded	Employees
Xplofy	media production	2026	—
Korsenex	information technology and services	2026	—
Patra Travels	leisure, travel & tourism	2026	—
ScaleDux	internet	2025	—
I Am Within You	computer software	2025	—
Naada	computer software	2025	—
DesiBooze	online media	2025	—
Oxynika Wellness	health, wellness and fitness	2025	—
Kalbhyx Infracon	construction	2025	—
Tejwas	media production	2025	—
Aabhikalpa Studio	retail	2025	—
FanBitz	internet	2025	—
AuroFoods	food & beverages	2025	—
AutoBIQ	computer software	2025	—
Curiobit	e-learning	2025	—
CYNERZA	information technology and services	2025	—
DefendAir Technologies	aviation & aerospace	2025	—
Drophello	computer software	2025	—
EventsBridge	events services	2025	—
FarmerHarvest	food & beverages	2025	—

The startup picture in Bhubaneswar

Annapurna Finance

Odisha Power Generation Corporation

Tatwa

Vector Finance

Utkal Hospital

Ortel Communications

Milk Mantra

KIIT

Arrelic

iServeU

Odisha Television

SAI International Education Group

Grozip

Innocule

Evolutionary Algorithms

CureBay

OrangeCross

Afixi Technologies

Edusys

Vasitars

EzeRx

Kalinga Software

BookingJini

Aurassure

Business Services

Consumer

Enterprise Applications

Retail

Real Estate And Construction

Education

Food And Agriculture Tech

Healthcare

Edtech

Media & Entertainment

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