Company lists
The Bhubaneswar edition · 2026

Startupcompanies in Bhubaneswar

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.

1,037 company profiles264 with reported revenue30 with recorded fundingSeptember 2026 edition
Bhubaneswar · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent startup business events in Bhubaneswar

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…

Electrical
ContractSupply

Solar Energy Corporation of India · client: Paradeep phosphates

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…

Green Energy
ContractService

RITES Limited · client: National Aluminium

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…

Infrastructure
ContractService

Rites · client: National Aluminium

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,…

Infrastructure
M&AAcquisition · Announced

91Trucks acquires MotorFloor

Commercial vehicle platform 91trucks has acquired Motorfloor and Trucksfloor, two mobility focused platforms operated by Bhubaneswar-based Indiyanet.

Mobility focused platform
FundingTerm loan

Annapurna finance

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.

Investors Standard Chartered Bank
Financial Services
M&AAcquisition · Rumored

Jindal power acquires Gupta Power Infrastructure

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…

Cable manufacturing, wire rods and conductors
M&AAcquisition · Rumored

Vedanta acquires Gupta Power Infrastructure

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…

Cable manufacturing, wire rods and conductors
M&AAcquisition · Rumored

Havells india acquires Gupta Power Infrastructure

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…

Cable manufacturing, wire rods and conductors
ContractInfrastructure

Nlc india · client: National Aluminium

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…

Energy
ContractSupply

Intra-State Captive Generating Stations (CGPs) · client: Gridco limited

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.

Energy
LaunchOmniAgent

TATWA Technologies

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…

AI-powered platform
ContractService

NTPC Vidyut Vyapar Nigam Limited (NVVN) · client: National Aluminium

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…

Renewable Energy
ContractSupply

Aimtron · client: Aurassure

Aimtron Electronics Limited has entered into an original equipment manufacturing engagement with climate technology firm Aurassure to produce IoT enabled weather and environmental…

Technology
ContractGovernment

Galaxy medicare · client: Government of Odisha

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,…

ContractGovernment

Bhopal-based infrastructure developer · client: National Aluminium

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…

Infrastructure
ContractService

Twilight Systems · client: Government of Odisha

Iris Global previously partnered with Twilight for key government initiatives such as the Odisha ITMS Project, as well as projects in Sikkim and Chandigarh.

Government
M&AMerger · Completed

Paradeep phosphates acquires Mangalore Chemicals and Fertilizers Limited

Paradeep Phosphates Limited (PPL) has announced the merger with Mangalore Chemicals and Fertilizers Limited (MCFL), effective October 16, 2025.

Fertilizers
ContractSupply

Vdeal System · client: Indian metals & ferro alloys

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…

M&AMerger · Pending

Mangalore chemicals & fertilizers acquires Paradeep phosphates

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.

Chemicals and 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.

ContractInfrastructure

Odisha Government · client: IIT Bhubaneswar

The state is also investing Rs 500 crore to set up a Centre of Excellence at IIT Bhubaneswar for certification and R&D.

Research & Development
M&AAcquisition · Announced

Promoter Zuari Maroc Phosphates acquires Paradeep phosphates

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.

Fertilizer
ContractInfrastructure

Empowertrans · client: Na

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.

Power Transmission Infrastructure
M&AMerger · Announced

Dhruva capital services acquires Vector finance

Dhruva Capital Services Ltd hit its 5 percent upper circuit after announcing a strategic merger with Vector Finance Private Limited.

Microfinance
Contract

Qualitek labs · client: Na

In addition, Qualitek Labs acquired a food testing laboratory in Mumbai through a slump sale for around Rs. 8.82 crore.

Food and Life Sciences Testing

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

Operator of online platform providing resources and support for cooperative activities

Mining companies
₹1,399.07 crFY 2024-25
+15%2024–2025
90LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Brand of sea food products

Food distributors
₹418.11 crFY 2021-22
Not reported
34-5% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of solar panel and solar products

Solar energy
₹243.30 crFY 2024-25
+9%2024–2025
—Not available
14 yr2012
3postings · last posted Jul 2026

Civil engineering and construction company

Construction management services
₹133.77 crFY 2024-25
+31%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of recharge services

Telecom end user equipment and services
₹130.33 crFY 2023-24
-20%2023–2024
52LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Real estate and construction firm

Real estate & infrastructure developers
₹113.09 crFY 2024-25
-23%2024–2025
10+58% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of software & AI development, cloud computing, and business advisory services

It services
₹82.28 crFY 2023-24
+14%2023–2024
62LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Automotive dealership offering new and used sales, service, and parts for honda vehicles

Auto retail & aftersales
₹82.28 crFY 2024-25
+20%2024–2025
—Not available
12 yr2014
0none in 3 months

Online platform offering multiple healthcare services

Healthcare booking platforms
₹70.41 crFY 2024-25
+467%2024–2025
357+88% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
2postings · last posted Aug 2026

Provider of cold roll forming technologies

Manufacturing services
₹64.88 crFY 2024-25
+10%2024–2025
20LinkedIn · Jul 2026
6 yr2020
1postings · last posted Aug 2026

Provider of energy utility EPC, O&M, and integrated supply chain management services

Real estate & infrastructure developers
₹55.69 crFY 2024-25
+32%2024–2025
70LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Developer of residential and commercial properties

Real estate & infrastructure developers
₹55.63 crFY 2024-25
-16%2024–2025
30LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of multidisciplinary tertiary care hospital services

Hospitals
₹53.21 crFY 2024-25
+15%2024–2025
89LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of seafood processing services

Food processing
₹50.20 crFY 2024-25
-48%2024–2025
26-16% 12 mo to Sep 2024recorded Sep 2024
8 yr2018
0none in 3 months

Provider of custom IT solutions for supply chain and logistics

Digital transformation services
₹48.39 crFY 2024-25
+27%2024–2025
328+58% vs previous recordLinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted May 2025

Provider of delivery and warehousing services

Freight forwarders
₹47.29 crFY 2024-25
+0%2024–2025
123-22% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of chemical solutions for efficient mineral processing

Diversified chemicals
₹36.41 crFY 2024-25
Not reported
90+19% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of in-seat food ordering and delivery services

Food tech
₹33.73 crFY 2024-25
+28%2024–2025
—Not available
12 yr2014
0none in 3 months

Developer of solar energy projects

Solar energy
₹32.41 crFY 2023-24
Not reported
2LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of organic dietary ingredients and herbal extracts

Food processing
₹31.85 crFY 2024-25
+93%2024–2025
169+68% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
3postings · last posted Sep 2026

Online platform for buying and selling used cars

Auto retail & aftersales
₹31.13 crFY 2024-25
+37%2024–2025
—Not available
7 yr2019
0none in 3 months

Online news portal

Internet first media
₹26.06 crFY 2021-22
Not reported
19LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online marketplace for dairy farm inputs

Livestock tech
₹25.98 crFY 2021-22
Not reported
—Not available
9 yr2017
0none in 3 months

Provider of insurance brokerage services

Insurance distribution
₹27.78 crFY 2024-25
-18%2024–2025
37+0% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of microcredit services

Microfinance
₹27.16 crFY 2024-25
-46%2024–2025
257+3% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months
50 of 1,037 companies shown here · the full list is on Radar
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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.

  1. Sustainable Outreach and Universal Leadership

    Provider of software & AI development, cloud computing, and business advisory services

    It services
    See in list
  2. Accveil Solutions

    Provider of IT and hardware & software distribution services

    It services
    See in list
  3. Canonfire Creatives

    Provider of advertising, copywriting, and digital marketing services

    Marketing services
    Website
  4. Hi-Tech Media Networks

    Provider of search engine optimisation and website designing services

    Marketing services
    Website
  5. Asiczen Technologies

    Provider of IoT products, embedded, design, and manufacturing engineering services

    It services
    Website

Education & edtech startups

Online learning, tutoring and exam preparation startups.

  1. SkyySkill Academy

    Provider of skill development and engineering solutions focused on bridging the gap between academic learning and industry requirements

    Continued learning
    Website
  2. Aveti Learning

    Provider of digital learning platforms and educational content

    K-12 edtech
    Website
  3. Studit

    App-based platform offering online tutoring solutions for students

    Academic tutoring
    Website
  4. Primer

    Provider of AI-based program for personal tutoring

    Continued learning
    Website
  5. Vernacular Medium

    Online platform offering examination management systems

    Test preparation tech
    Website

Food tech, grocery & restaurant startups

Online grocery, food delivery, restaurant and food product startups.

  1. Yatri Bhojan

    Provider of in-seat food ordering and delivery services

    Food tech
    See in list
  2. Villa Mart Pvt Ltd

    Agri-tech startup focused on building a zero-waste, demand-driven supply and value chain

    Crop tech
    See in list
  3. RestroPress

    Online food order management platform

    Food tech
    Website
  4. COCOTER FARM

    Provider of end-to-end solutions for commercial integrated coconut farm development

    Crop tech
    Website
  5. Elevate Buy

    Platform offering multi-category grocery supplies

    Online grocery
    Website

E-commerce, fashion & local services startups

Online stores, fashion, handicrafts and app-based local service startups.

  1. Dairykart

    Online marketplace for dairy farm inputs

    Livestock tech
    See in list
  2. Parisbakery

    Online bakery offering cakes, pastries, and other baked goods with same-day delivery

    Online grocery
    Website
  3. Piccus

    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

    Beauty & personal care products
    Website
  4. Tech Squad

    Mobile app for home services

    Local services
    Website
  5. Yoobbel

    E-commerce platform for buying and selling multi-category t-shirts for men and women

    Fashion tech
    Website

Logistics, transport & electric vehicle startups

Delivery, trucking, freight, EV and drone startups.

  1. Central Honda

    Automotive dealership offering new and used sales, service, and parts for honda vehicles

    Auto retail & aftersales
    See in list
  2. Knostics

    Provider of delivery and warehousing services

    Freight forwarders
    See in list
  3. Car Baazar

    Online platform for buying and selling used cars

    Auto retail & aftersales
    See in list
  4. RB Global

    Provider of multi modal freight forwarding services

    Freight forwarders
    See in list
  5. Navitek Logistics

    Provider of shipping and logistics services

    Freight forwarders
    See in list

Healthcare & clinic startups

Doctor booking, healthcare IT and clinic startups.

  1. PDOCHEALTH

    Provider of telehealth and consultation platform for patients and providers

    Healthcare booking platforms
    Website
  2. VKareU

    Provider of an online appointment booking platform with doctors for multiple diseases

    Healthcare booking platforms
    Website
  3. HealU

    Health care aggregator offering various healthcare services

    Fitness & wellness tech
    Website
  4. Dr. Kanungo's Diabetes Centre

    Clinic providing comprehensive diabetes care, foot care, diet planning, and pharmacy

    Clinics
    Website
  5. Odisha Arthritis & Rheumatology Care

    Speciality clinics for arthritis & eheumatology care

    Clinics
    Website

Media, HR & fintech startups

News portals, HR tech, payments and investment startups.

  1. Nitidin

    Online news portal

    Internet first media
    See in list
  2. Stoxzen

    Online trading platform for learning stock market

    Investment tech
    Website
  3. EdInbox

    Online platform delivering education sector news

    Internet first media
    Website
  4. Mitra Alliances

    Company offers solutions in the areas of Payroll Processing Management

    Hr services
    Website
  5. PAYDAY

    Cloud-based payroll management system for enterprises

    Finance & accounting tech
    Website

Newly founded startups in Bhubaneswar

Startups in Bhubaneswar founded in the last few years.

  1. Sustainable Outreach and Universal Leadership

    Provider of software & AI development, cloud computing, and business advisory services

    It services
    See in list
  2. Aquapulse

    Provider of aquaculture solutions designed to enhance sustainability and minimize losses

    Aquaculture tech
    See in list
  3. Utimatic

    Provider of an app-based booking platform for home cleaning service

    Local services
    See in list
  4. Vishant Solution

    Provider of IT infrastructure, security, and network and connectivity solutions

    It services
    See in list
  5. Aurassure

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

    Smart cities
    See in list
346 companies in Bhubaneswar

Startups hiring in Bhubaneswar

Bhubaneswar startups with open roles.

  1. Surya International

    Manufacturer of solar panel and solar products

    Solar energy
    See in list
  2. CureBay

    Online platform offering multiple healthcare services

    Healthcare booking platforms
    See in list
  3. Duende Metallic

    Provider of cold roll forming technologies

    Manufacturing services
    See in list
  4. In2IT Technologies

    Provider of IT infrastructure, application, and security services to businesses

    It services
    Website
  5. Emphoria

    Provider of energy utility EPC, O&M, and integrated supply chain management services

    Real estate & infrastructure developers
    See in list
34 companies in Bhubaneswar
Mobile reach

Top 10 startup apps from Bhubaneswar

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.

1 of 10
1

Aaonxt

by AAO NXT

Installs1.7M
Rating4.0611K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Aaonxt screenshot 1Aaonxt screenshot 2Aaonxt screenshot 3Aaonxt screenshot 4Aaonxt screenshot 5Aaonxt screenshot 6
2

Kanccha Lannka

by Kanccha Lannka

Installs1.3M
Rating4.8911K ratings
Last updatedMay 2026
View on Google Play ↗
Kanccha Lannka screenshot 1Kanccha Lannka screenshot 2Kanccha Lannka screenshot 3Kanccha Lannka screenshot 4Kanccha Lannka screenshot 5Kanccha Lannka screenshot 6
4

MobiCred - Personal Loan

by MobiCred

Installs350K
Rating—
Installs, year on year+13%
Last updatedFeb 2026
View on Google Play ↗
MobiCred - Personal Loan screenshot 1MobiCred - Personal Loan screenshot 2MobiCred - Personal Loan screenshot 3MobiCred - Personal Loan screenshot 4MobiCred - Personal Loan screenshot 5MobiCred - Personal Loan screenshot 6
5

DailyMoo - Delivery App

by DailyMoo

Installs332K
Rating—
Installs, year on year+13%
Last updatedJan 2026
View on Google Play ↗
DailyMoo - Delivery App screenshot 1DailyMoo - Delivery App screenshot 2DailyMoo - Delivery App screenshot 3DailyMoo - Delivery App screenshot 4DailyMoo - Delivery App screenshot 5DailyMoo - Delivery App screenshot 6
7

Fydo: Rewards on Every Spend

by Fydo

Installs138K
Rating5.02K ratings
Installs, year on year+9%
Last updatedApr 2026
View on Google Play ↗
Fydo: Rewards on Every Spend screenshot 1Fydo: Rewards on Every Spend screenshot 2Fydo: Rewards on Every Spend screenshot 3Fydo: Rewards on Every Spend screenshot 4
9

Ambula - ABHA, PHR & Doctors

by Ambula

Installs122K
Rating—
Last updatedOct 2025
View on Google Play ↗
Ambula - ABHA, PHR & Doctors screenshot 1Ambula - ABHA, PHR & Doctors screenshot 2Ambula - ABHA, PHR & Doctors screenshot 3Ambula - ABHA, PHR & Doctors screenshot 4Ambula - ABHA, PHR & Doctors screenshot 5Ambula - ABHA, PHR & Doctors screenshot 6
10

2048 Cube Shooting 3D Merge

by Paperboat Labs

Installs65K
Rating4.24413 ratings
Last updatedOct 2025
View on Google Play ↗
2048 Cube Shooting 3D Merge screenshot 12048 Cube Shooting 3D Merge screenshot 22048 Cube Shooting 3D Merge screenshot 32048 Cube Shooting 3D Merge screenshot 42048 Cube Shooting 3D Merge screenshot 52048 Cube Shooting 3D Merge screenshot 6
The business behind the activity

Startup financials in Bhubaneswar

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

CompanyGrowthRevenue
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+55%₹336.84 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CozentusCOZENTUS TECHNOLOGIES PRIVATE LIMITED22.5%₹46.93 cr
AQUADAXAQUADAX SOUTH ASIA PRIVATE LIMITED (OPC)
Khushi RealconKHUSHI REALCON PRIVATE LIMITED8.4%₹55.63 cr
NewaetateNEWAETATE PRIVATE LIMITED
Navitek LogisticsNAVITEK LOGISTICS PRIVATE LIMITED
Stalwart ProjectsSTALWART PROJECTS PRIVATE LIMITED5.8%₹113.09 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy10₹381.12 cr~₹1.9 cr90%5.1%
Real estate & infrastructure developers5₹238.56 cr~₹55.6 cr100%6.0%
It services10₹61.70 cr~₹4.4 cr90%1.5%
Marketing services6₹14.26 cr~₹1.7 cr83%10.3%
Food & beverage products5₹98.51 lakh~₹8 lakh20%-10.3%
Leaders

Largest startups by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Surya InternationalSURYA INTERNATIONAL ENTERPRISE LIMITED₹336.84 cr₹18.50 cr5.5%+55%
Ray InfraProjectsRAY INFRAPROJECTS PRIVATE LIMITED₹133.77 cr₹3.64 cr2.7%+31%
Stalwart ProjectsSTALWART PROJECTS PRIVATE LIMITED₹113.09 cr₹6.57 cr5.8%-23%
Central HondaCONSORTIUM AUTOMOBILES PRIVATE LIMITED₹82.28 cr₹20.88 lakh0.3%+20%
Duende MetallicDUENDE METALLIC PRIVATE LIMITED₹64.88 cr₹90.46 lakh1.4%+10%
EmphoriaEMPHORIA WORKS PRIVATE LIMITED₹55.69 cr₹2.92 cr5.2%+32%
Khushi RealconKHUSHI REALCON PRIVATE LIMITED₹55.63 cr₹4.70 cr8.4%-16%
Shree hospitalsODISHA MULTISPECIALITY HOSPITAL AND TRAUMA CARE CENTRE PRIVATE LIMITED₹53.21 cr₹3.08 cr5.8%+15%
FlaminqoShrimpexFlaminqo Shrimpex Private Limited₹50.20 cr₹32.76 lakh0.7%-48%
KnosticsKNOSTICS INFODEL PRIVATE LIMITED₹47.29 cr₹12.04 lakh0.3%-0%
Some figures are available to Radar members.Log in to Radar to see every figure

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
Where the money went · five years

Most-funded sub-sectors

Horizontal e-commerceUS$5.93bn74 rounds · 36 companies
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
Corporate activity · last 24 months

M&A in Bhubaneswar

9Acquisition
5Merger

Most active acquirers

  1. Hatsun Agro Product3
  2. Paradeep phosphates2
  3. 91Trucks1
  4. Jindal power1
  5. Vedanta1

Most acquired or merged

  1. Gupta Power Infrastructure3
  2. Paradeep phosphates2
  3. Milk mantra2
  4. Milk Mantra Dairy2
  5. 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.

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.

Explore Bhubaneswar startups by sub-sector

The most common specialisations among startups in Bhubaneswar. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring startup in India and nearby markets.

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