IT & marketing, edtech, food & grocery, e-commerce & fashion, logistics & mobility and more: the companies building startup in Bhubaneswar, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 1,907 startups in Bhubaneswar, last 24 months: 30 Contracts · 14 M&A deals · 8 funding rounds · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
ContractSupply
Alfa transformers · client: TP Southern Odisha Distribution (TPSODL)
Alfa Transformers has secured contract worth around Rs 3.00 crore from TP Southern Odisha Distribution (TPSODL) on May 20, 2026. The contract involves supply of various capacity of…
Under the GAPA framework, 70 000 tpy of green ammonia will be supplied to Madhya Bharat Agro Products Limited in Dhule, Maharashtra, and 15 000 tpy to Paradeep Phosphates Limited in…
Shares of RITES Limited surged more than 4% after the company announced a significant upward revision in its ongoing contract with National Aluminium Company Limited (NALCO). The revised…
RITES has announced a significant amendment to its existing contract with National Aluminium Company Limited (NALCO), enhancing the contract value from ₹79.73 crore to ₹118.89 crore,…
Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option.
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has…
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has…
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has…
NLC India Ltd. (NLCIL) has signed a memorandum of understanding with National Aluminium Company (NALCO), a Navaratna Central Public Sector Enterprise under the Ministry of Mines, to…
GRIDCO Limited has issued Corrigendum-2 for its ongoing tender for short-term power procurement from Intra-State Captive Generating Stations (CGPs) for the period April 2026 to July 2026.
Tatwa Technologies, a leading IT-enabled services company from eastern India, launched its AI-powered platform ‘OmniAgent’ on the occasion of its 24th Foundation Day at its Infocity…
NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC Limited, has invited online bids to develop a 7,000 kW (7 MW) grid-connected rooftop solar project for National…
Aimtron Electronics Limited has entered into an original equipment manufacturing engagement with climate technology firm Aurassure to produce IoT enabled weather and environmental…
Galaxy Medicare: Company Has Entered Into Memorandum of Understanding (MOU) With Government of Odisha O Set Up A Pharmaceutical and Medical Devices Manufacturing Unit at Khordha, Odisha,…
Climate tech startup, Aurassure that delivers real-time, hyperlocal visibility into environmental risks for enterprises operating in increasingly volatile climates, has raised Rs 25…
Earlier in November, the Bhopal-based infrastructure developer secured a ₹5,000-crore mining and infrastructure contract from National Aluminium Company Ltd. (NALCO) to develop and…
Iris Global previously partnered with Twilight for key government initiatives such as the Odisha ITMS Project, as well as projects in Sikkim and Chandigarh.
Vdeal System Limited has received a new order worth Rs. 4.03 crore from Indian Metals & Ferro Alloys Limited (IMFA) for supplying a plant power system. This order is scheduled to be…
Mangalore Chemicals & Fertilizers Ltd (MCFL) has officially merged with Paradeep Phosphates Ltd (PPL) under Part II of the composite scheme, effective from October 16, 2025.
Paradeep Phosphates Ltd has announced the merger of Mangalore Chemicals & Fertilizers Ltd (MCFL) with itself with effect from October 16, 2025.
Fertilizers
ContractSupply
Vdeal System · client: Ampin Solar One Private Limited
Vdeal System Limited has secured a purchase order worth Rs.5.85 crores from Ampin Solar One Private Limited for the supply of power systems and automation panels.
Promoter Zuari Maroc Phosphates acquired 97.5 lakh shares of Paradeep Phosphates through a bulk deal worth ₹177.3 crore, increasing stake by 1.2% and signaling confidence.
EMPOWERTRANS, a power transmission infrastructure company, has commissioned Odisha’s first-ever digital Process Bus-based 2x20 MVA, 132/33 KV grid substation at Rampur in Balangir district.
TCS has partnered with the Government of Odisha to design and implement Integrated Financial Management System (IFMS) 3.0
Startup companies in Bhubaneswar, by revenue
Browse startups in Bhubaneswar by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 264 startups in Bhubaneswar that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.
Showing 25 of 50
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Operator of online platform providing resources and support for cooperative activities
Every company, not just 50All 1,037 startups in Bhubaneswar, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore startups in Bhubaneswar by what you are looking for
Browse startups in Bhubaneswar across IT services, edtech, food, logistics and more. Find the top startups in Bhubaneswar and startups hiring in Bhubaneswar.
9 ways to explore startup in Bhubaneswar
IT services & digital marketing startupsEducation & edtech startupsFood tech, grocery & restaurant startupsE-commerce, fashion & local services startupsLogistics, transport & electric vehicle startupsHealthcare & clinic startups
IT services & digital marketing startups
Software, IT infrastructure, SEO and digital marketing startups.
Sustainable Outreach and Universal Leadership
Provider of software & AI development, cloud computing, and business advisory services
Company focused on providing premium, natural, and chemical-free skincare products that cater to individual skin types, offering a range of natural solutions for skin care needs
The most-installed Android apps published by startups headquartered in Bhubaneswar — 4.9M installs between them. 94 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 221 startups in Bhubaneswar for FY24-25 — 293 of the 1,037 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 41% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹1,768.53 cr
221 companies filing accounts
combined net profit₹45.51 cr
2.6% aggregate margin
are profitable66%
145 of 221 companies
median revenue~₹75 lakh
the typical company
median revenue growth+15%
into FY24-25
earned by the top five41%
revenue concentration
Six-year view
Combined revenue of filing companies
₹677.34 crFY19-20139 filers
₹773.08 crFY20-21163 filers
₹1,306.29 crFY21-22203 filers
₹1,458.82 crFY22-23216 filers
₹1,894.27 crFY23-24232 filers
₹1,768.53 crFY24-25221 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 167 companies over three years
+53%
FY22-23₹1,101.98 cr₹68.70 cr net
FY23-24₹1,556.90 cr₹99.44 cr net
FY24-25₹1,680.56 cr₹61.41 cr net
Companies with accounts for all three years, so growth is not an artefact of who filed.
Scale and profit
Bigger companies are far more often profitable
Under ₹1 cr11643% profitable
₹1–10 cr7392% profitable
₹10–100 cr2986% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr0—
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking66
0–20%39
20–50%33
50–100%24
Doubled+38
200 companies with accounts for both years; median growth +15%.
Profitability
Profit is concentrated at the top
145profitable
76loss-making
2.6%aggregate margin
1.5%median margin
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
Growth leaders · ₹10 cr+ revenue
Fastest growing, FY24-25
Company
Growth
Revenue
CureBayCUREBAY TECHNOLOGIES PRIVATE LIMITED
+508%
₹13.24 cr
RCPLRADIANTS CIVILETRIC PRIVATE LIMITED
Crux PowerCRUX POWER PRIVATE LIMITED
Jeeva OrganicJEEVA ORGANIC PRIVATE LIMITED
+93%
₹31.85 cr
Karma EnergyKALINGA RENEWABLE ENERGY MANUFACTURERS PRIVATE LIMITED
Surya InternationalSURYA INTERNATIONAL ENTERPRISE LIMITED
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
For investors and data teams
Put this intelligence into your own tools
The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.
Capital & corporate activity
Startup funding and M&A across India
37,239 recorded equity rounds have gone to 336,782 startups in India — how much, at which stage, into which sub-sectors, from whom, and how Bhubaneswar compares. Debt, IPO and grant rounds are excluded.
equity rounds, last 12 months1111
US$9.79bn
equity rounds, last 24 months3681
US$24.99bn
raised over five yearsUS$121.75bn
17,208 rounds in India
M&A deals, Bhubaneswar14
last 24 months
Capital by year
Equity funding into startup in India
amount rounds
$15bn20182493
$19bn20192842
$37bn20202774
$38bn20213915
$29bn20224039
$16bn20233121
$17bn20243117
$15bn20252377
$6.6bn2026639
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$37.99bn across 3915 rounds.
The funding ladder · five years
Rounds and typical cheque by stage
AngelUS$1.16bn2,889 rounds · median US$111k
SeedUS$9.20bn9,663 rounds · median US$464k
Series AUS$16.95bn2,388 rounds · median US$4.09m
Series BUS$16.36bn1,023 rounds · median US$10.65m
Series CUS$14.69bn500 rounds · median US$21.22m
Series D+US$45.54bn619 rounds · median US$30.12m
Private equityUS$7.52bn90 rounds · median US$52.32m
Electric vehiclesUS$5.50bn455 rounds · 172 companies
Online groceryUS$5.35bn517 rounds · 186 companies
PaymentsUS$4.90bn273 rounds · 124 companies
Alternative lendingUS$4.87bn515 rounds · 228 companies
Consumer and sme loansUS$4.12bn189 rounds · 83 companies
Solar energyUS$3.38bn122 rounds · 64 companies
Bhubaneswar in context
Bhubaneswar’s share of India’s startup funding
Rounds0%61 of 17,208
Capital0%US$247.17m of US$121.75bn
Equity rounds over the last five years, 1,907 startups in Bhubaneswar among 336,782 in India.
Corporate activity · last 24 months
M&A in Bhubaneswar
9Acquisition
5Merger
Most active acquirers
Hatsun Agro Product3
Paradeep phosphates2
91Trucks1
Jindal power1
Vedanta1
Most acquired or merged
Gupta Power Infrastructure3
Paradeep phosphates2
Milk mantra2
Milk Mantra Dairy2
MotorFloor1
Each deal appears in the events strip at the top of the page.
Startup funding in Bhubaneswar
30 startups in Bhubaneswar have recorded equity funding, US$72.99m in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Manufacturer of non-invasive, IoT-enabled medical diagnostic devices. It develops and manufactures devices for affordable and accessible healthcare screening, focusing on early detection of health issues. The company's products utilize technology to provide painless and quick diagnostic results, bridging the gap between diagnosis and treatment. A key focus is on making healthcare accessible to underserved populations. The devices are designed for ease of use and portability, enabling screening in remote areas. The company also contributes to environmental sustainability by reducing medical was
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in Bhubaneswar
Meet the people behind startups in Bhubaneswar. 344 of 1,037 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Startups in Bhubaneswar with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Growing teams
Companies whose recorded headcount rose the most between the two most recent team-size snapshots. A larger team is a signal of momentum, not of profitability.
Microfinance
Provider of microcredit services
Team size1,051Up from 84 in the previous snapshot
Founder · 1
SS
Sumit SharmaCo-Founder & CEO
Manufacturing tech
IoT based predictive maintenance solutions for the manufacturing industry
Offshore IT and Custom Software Development Services
Team size98Up from 81 in the previous snapshot
Founders
Details not available
K-12 schools
Educational institution providing residential and day schooling to students from class IV to XII, focusing on academic excellence, extracurricular activities, and character development
Manufacturer of non-invasive, IoT-enabled medical diagnostic devices. It develops and manufactures devices for affordable and accessible healthcare screening, focusing on early detection of health issues. The company's products utilize technology to provide painless and quick diagnostic results, bridging the gap between diagnosis and treatment. A key focus is on making healthcare accessible to underserved populations. The devices are designed for ease of use and portability, enabling screening in remote areas. The company also contributes to environmental sustainability by reducing medical was
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