In the eastern corner of India, a quiet revolution is taking shape. Odisha, traditionally known for its ancient temples and mineral wealth, is now making headlines for a different reason – its burgeoning startup ecosystem. With over 1,300 registered startups and counting, the state is rapidly emerging as Eastern India’s answer to the country’s established…
Odisha Yatri, the state’s first-of-its-kind government-backed mobility app, has crossed one lakh rides within just 45 days of its launch, marking a significant milestone in Odisha’s urban transportation landscape. Launched by Chief Minister Mohan Charan Majhi, the app has quickly gained traction among commuters in Bhubaneswar and Cuttack, who are drawn to its safety, transparency,…
In a significant development for Odisha’s entrepreneurial landscape, Hunch Circle Private Limited has signed a Memorandum of Understanding (MoU) with Startup Odisha to strengthen the state’s startup ecosystem. This collaboration aims to provide funding, mentorship, and global market access to Odisha-based startups, fostering innovation and entrepreneurship. Hunch Circle, a portfolio company of Delhi-based investment firm…
Finance Minister Nirmala Sitharaman, in her record eighth Budget presentation on February 1, 2025, introduced an additional ₹10,000 crore allocation to the Fund of Funds for Startups. The move is aimed at addressing funding challenges, fostering entrepreneurial growth, and reinforcing India’s position as a global startup hub. Here’s how industry leaders from the startup ecosystem…
In a significant relief for angel investors and a boost to early-stage investments in startups, the government has decided to abolish the controversial angel tax. This tax, levied on funding raised by startups and unlisted companies if their valuation exceeds the company’s fair market value, has been a longstanding demand of industry associations and investment…
In a significant move to bolster the agricultural sector, the Government of India is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE). This initiative, aimed at supporting start-ups and agripreneurs, was announced during the pre-launch stakeholder meeting at NABARD Headquarters in Mumbai. The AgriSURE fund, valued at Rs 750 crore, will…
As the new BJP government under Chief Minister Mohan Majhi takes the reins in Odisha, a fresh approach to economic development is imperative. One of the most promising avenues for achieving this is through fostering a robust startup ecosystem. The dynamics of startups in Odisha, coupled with the state’s supportive policies, present a unique opportunity…
