Odisha Startups Go Global with Hunch Circle

How is Odisha transforming into a global startup hub? Discover how Hunch Circle and Startup Odisha's landmark MoU is unlocking funding, mentorship, and global opportunities for startups!

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Odisha Startups Go Global with Hunch Circle

The Indian startup landscape is evolving rapidly, and Odisha—a state known for its rich cultural heritage and natural resources—is making bold moves to position itself as a formidable player in the innovation-driven economy. In a groundbreaking development, Hunch Circle Private Limited has joined forces with Startup Odisha through a Memorandum of Understanding (MoU) that promises to supercharge the state’s entrepreneurial ecosystem. Here TICE brings you key details of this MoU. 

This collaboration isn’t just another government-industry handshake—it’s a well-strategized roadmap to push Odisha-based startups beyond domestic borders, unlocking opportunities in Asia, Europe, the UK, and the USA. With a strong emphasis on mentorship, market entry programs, funding, and networking, the MoU sets the stage for Odisha’s transformation into a global startup hub.

Why This MoU Matters?

For years, startup ecosystems in metropolitan cities like Bengaluru, Delhi, and Mumbai have dominated India's entrepreneurial scene. However, regional states like Odisha are increasingly recognizing the power of startups to drive economic growth and employment. This partnership between Hunch Circle—a portfolio company of Hunch Ventures—and Startup Odisha is a clear testament to the state’s ambition to foster sustainable innovation, empower entrepreneurs, and create global-scale success stories.

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The Game Plan: What’s in Store for Odisha’s Startups?

Under this initiative, Odisha-based startups will receive a 360-degree support system, ensuring they are equipped to compete on the global stage. Some of the key pillars of this collaboration include:

1. Mentorship from Global Experts

Scaling a startup is tough, and doing so internationally presents even greater challenges. To bridge this gap, Hunch Circle will bring in international mentors and industry experts to train Odisha-based founders in market entry strategies, cultural adaptation, and business scalability.

2. Access to Global Trade Platforms

Odisha startups will no longer be confined to regional markets. They will get the chance to participate in global expos, trade fairs, and international conferences, with complete logistical support. This move will ensure that local startups can showcase their products and services to potential global investors and partners.

3. Funding & Investor Roadshows

The biggest bottleneck for any startup is access to capital. Through this partnership, Hunch Circle will facilitate funding rounds, investor roadshows, and pitch sessions with leading venture capitalists, angel investors, and global funds.

4. Specialized Acceleration Programs

Unlike generic incubation programs, this initiative will focus on tailored acceleration programs designed specifically for Odisha’s startup ecosystem. These programs will be hosted at state-backed incubation centers, ensuring that startups receive industry-relevant skill development and business guidance.

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A Strong Endorsement from Key Leaders

The significance of this collaboration was echoed by leading government and business officials.

Shri Kamaljit Das, Joint Secretary, Department of MSME and Chief Administration Officer (CAO), Startup Odisha, highlighted the state’s commitment to fostering innovation:

"Startup Odisha is delighted to collaborate with Hunch Circle, a company that has its roots in Odisha and is actively contributing to the state’s growth. This MoU marks a significant step towards creating a dynamic entrepreneurial ecosystem. We look forward to a future where Odisha emerges as a global startup powerhouse."

On the corporate front, Nemesisa Ujjain, Vice President – Innovation, Hunch Circle Private Limited, expressed the company’s long-term vision:

"This collaboration is driven by a larger vision: to nurture Odisha's entrepreneurial spirit and empower its startups to reach new global heights. Through tailored market entry strategies, mentorship, and funding, we aim to position Odisha as a leader in innovation and global business expansion."

Hunch Ventures: The Powerhouse Behind the Initiative

Hunch Ventures, the parent company of Hunch Circle, is no ordinary investment firm. It is a multi-stage, sector-agnostic investment powerhouse that has backed businesses in lifestyle media, fine arts, hospitality, sustainable food supply chains, logistics, healthtech, and B2B SaaS.

The firm, led by Karanpal Singh, operates globally with investments spanning India, Canada, the US, Tanzania, Singapore, UAE, and the UK. Some of its most notable investments include:

  • Fly BLADE (Urban Air Mobility)
  • MyHealthcare (Healthtech & AI-driven diagnostics)
  • Rambha Palace (Luxury Hospitality & Real Estate)
  • Mercantile Ports & Logistics (Infrastructure & Supply Chain Management)

This strong investment footprint, coupled with a focus on long-term strategic partnerships, makes Hunch Ventures an ideal partner for Startup Odisha’s ambitious goals.

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The Bigger Picture: Odisha’s Startup Dream Takes Shape

The signing of this MoU at the 'Utkarsh Odisha - Make in Odisha Conclave 2025'—inaugurated by Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi—underscores the high stakes involved. With multiple Union Ministers in attendance, the message was loud and clear: Odisha is open for business and ready to lead India's next wave of startup growth.

This collaboration could set a benchmark for other Indian states, proving that regional ecosystems can become global players with the right strategy, investments, and mentorship.

This MoU isn’t just a formality—it’s a turning point for Odisha’s entrepreneurial landscape. By leveraging global expertise, providing financial backing, and creating international expansion opportunities, the partnership between Hunch Circle and Startup Odisha is set to reshape how startups from smaller regions grow and compete.

For aspiring entrepreneurs in Odisha, this initiative is an open door to a world of opportunities. The journey ahead is exciting, and with the right mix of innovation, mentorship, and funding, Odisha could soon emerge as India’s next big startup success story.

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