Paving the Way for Innovation: Hunch Circle and Startup Odisha Sign Landmark MoU

Hunch
Circle
Private
Limited
has
signed
a
Memorandum
of
Understanding
(MoU)
with
Startup
Odisha
in
a
landmark
initiative
to
strengthen
Odisha’s
startup
ecosystem.
Hunch
Circle
is
a
portfolio
company
of
Hunch
Ventures,
Delhi-based
investment
firm
with
roots
in
Odisha,
investing
across
various
sectors.

Hunch
Circle
and
Startup
Odisha
sign
MOU
at
Utkarsh
Odisha
–
Make
in
Odisha
Conclave
2025

The
MoU
underscores
the
shared
vision
of
Hunch
Ventures
and
Startup
Odisha
to
foster
sustainable
innovation,
empower
entrepreneurs,
and
unlock
opportunities
for
Odisha-based
startups
to
scale
on
a
global
platform.
The
partnership
will
focus
on
delivering
tailored
market
entry
programs,
comprehensive
mentorship,
funding
opportunities,
and
logistical
support
for
startups
looking
to
enter
developed
markets
across
Asia,
Europe,
the
UK,
and
the
USA.

The
collaboration
encompasses
several
key
initiatives,
including
mentorship
and
cultural
training
programs
led
by
global
experts
to
prepare
startups
for
international
success.
Odisha-based
startups
will
also
gain
access
to
global
expos,
trade
fairs,
and
conferences
with
complete
logistical
assistance
to
ensure
effective
participation.
In
addition,
Hunch
Circle
will
work
closely
with
state-supported
incubation
centers
to
introduce
specialized
acceleration
programs,
equipping
startups
with
the
skills
necessary
for
international
growth.
The
partnership
will
further
create
funding
and
networking
opportunities
by
hosting
international
roadshows,
pitching
sessions,
and
connecting
startups
with
venture
capitalists
and
angel
investors
worldwide.

Shri
Kamaljit
Das,
OAS
(S),
Joint
Secretary,
Department
of
MSME
and
Chief
Administration
Officer
(CAO),
Startup
Odisha
said,

“Startup
Odisha
is
delighted
to
collaborate
with
Hunch
Circle,
a
company
having
its
roots
in
Odisha
with
a
strong
commitment
to
giving
back
is
actively
contributing
to
the
State’s
growth
and
development. 
This
MoU
signing
marks
a
significant
step
towards
fostering
a
dynamic
entrepreneurial
ecosystem
in
the
state
by
strengthening
the
spirit
of
innovation
and
progress
that
we
envision
for
Odisha.
We
look
forward
to
a
future
where
such
collaborations
drive
Odisha
to
new
heights
of
success.”

Commenting
on
the
MoU
signing,

Nemesisa
Ujjain,
Vice
President
–
Innovation,
Hunch
Circle
Private
Limited,
stated,

“This
collaboration
is
driven
by
a
larger
vision:
to
nurture
Odisha’s
entrepreneurial
spirit
and
empower
its
startups
to
reach
new
global
heights.
This
MoU
is
a
crucial
milestone
in
providing
Odisha-based
startups
with
tailored
market
entry
strategies,
mentorship,
and
resources,
enabling
them
to
confidently
navigate
global
markets
and
position
Odisha
as
a
leading
hub
for
innovation.”
 

The
MoU
was
signed
at
the
fourth
edition
of
the

‘Utkarsh
Odisha
–
Make
in
Odisha
Conclave
2025’,
an
event
inaugurated
by
the
Honorable
Prime
Minister
of
India,
Narendra
Modi,
alongside
the
Honorable
Chief
Minister
of
Odisha,
Mohan
Charan
Majhi,
and
several
Union
Cabinet
Ministers.

This
MoU
signifies
the
start
of
a
transformative
journey
for
Odisha’s
startup
ecosystem,
providing
unmatched
opportunities
for
startups
to
thrive
on
a
global
stage
and
contribute
significantly
to
the
state’s
economic
growth.

About
Hunch
Ventures
Hunch
Ventures
is
a
multi-stage,
sector-agnostic
investment
firm
committed
to
empowering
entrepreneurs
with
patient,
long-term
capital
and
strategic
guidance.
With
a
diverse
portfolio
spanning
lifestyle
media,
fine
arts,
hospitality,
sustainable
food
supply
chains,
ports
and
logistics,
healthtech,
air
mobility,
and
B2B
SaaS
platforms,
Hunch
Ventures
drives
innovation
across
critical
industries.

Operating
globally
with
investments
in
India,
Canada,
the
US,
Tanzania,
Singapore,
UAE,
and
the
United
Kingdom,
the
firm
focuses
on
creating
impactful
solutions
that
address
pressing
needs.
Notable
investments
include
Fly
BLADE,
MyHealthcare,
Rambha
Palace,
and
Mercantile
Ports
&
Logistics.

Led
by
Karanpal
Singh,
Hunch
Ventures
champions
collaboration
and
long-term
partnerships,
supporting
founders
to
achieve
sustainable
growth
while
shaping
the
future
of
business
and
lifestyles.