Delhi Dynamos

In early 2014, it was announced that the All India Football Federation, the national federation for football in India, and IMG-Reliance would be accepting bids for ownership of eight or nine selected cities for the upcoming Indian Super League, an eight-team franchise league modeled along the lines of the Indian Premier League cricket tournament. On 13 April 2014, it was announced that DEN Networks had won the bidding for the Delhi franchise. The team had entered an alliance with Dutch club Feyenoord which lasted one year.

The team started their inaugural Indian Super League campaign on 14 October 2014 with a 0–0 draw against FC Pune City at the Jawaharlal Nehru Stadium, New Delhi. Dynamos did not experience the best of starts to their ISL campaign as they were placed last in the points table till the ninth game-week. But, against all the odds, the team finished fifth with a five-match unbeaten run which included three wins and two draws, but couldn't qualify for the semi-finals. In the 2015 season, Delhi Dynamos, for the first time, qualified for the semi-finals of the Indian Super League in 2015. In the 2016 season, the club finished third in the league stage with 21 points, but lost to Kerala Blasters FC in the semi-finals. In the 2017–18 season, the club finished eighth in the league stage with 19 points and couldn't qualify for semi-finals. In their last season under the Delhi Dynamos banner, i.e. the 2018–19 season, the club again finished eighth in the league round with 18 points and therefore, couldn't qualify for the semi-finals.

Ahead of the 2019–20 Indian Super League season, the club decided to relocate to a new base, the Kalinga Stadium in Bhubaneswar, Odisha and rechristen itself as Odisha FC. In the presence of Naveen Patnaik, the Chief Minister of Odisha, and Tusharkanti Behera, the Minister for Department of Sports and Youth Services (DSYS), Government of Odisha, the Delhi Soccer Private Limited signed a Memorandum of Understanding (MoU) with the Government of Odisha, to facilitate the relocation of the club from the national capital New Delhi to Bhubaneswar. As per the MoU, it was mutually decided that the club's first team, youth teams, youth football development program and grassroots football development program will be based in Odisha. Due to unavailability of the Kalinga Stadium, Odisha had to play three of their first home fixtures of the 2019−20 season at the Shree Shiv Chhatrapati Sports Complex Stadium in Pune, Maharashtra. Odisha started off their season on 22 October 2019, with a 2−1 loss in an away match against Jamshedpur at the JRD Tata Sports Complex. Odisha secured their first ever win in their third fixture registering a 4−2 victory against Mumbai City at the Mumbai Football Arena. Odisha ended the season at the sixth spot with 25 points. Later, on 18 March 2020, due to the head coach's familial obligations, Josep Gombau left the club. Stuart Baxter replaced Josep Gomabau on 19 June 2020, as he was announced as the head coach of Odisha in a two-year contract. Due to the COVID-19 pandemic in India, the 2020−21 season was hosted behind closed doors across three venues in Goa, the Fatorda Stadium in Margao, the GMC Athletic Stadium in Bambolim, and the Tilak Maidan Stadium in Vasco da Gama. Due to inconsistent display throughout the season, Odisha FC ended up at the bottom of the league with twelve points. On 2 February 2021, Baxter was sacked for his comments in a post-match press conference.

On 20 July 2021, Odisha announced the appointment of Francisco "Kiko" Ramírez González as the head coach for 2021–22 Indian Super League season along with the appointment of Assistant Coach and Head of Football Development, Joaquin "Kino" Garcia Sanchez. On 1 September 2021, the club entered into a 3-year international partnership deal with Premier League club Watford. On 4 November 2021, the club announced the finalisation of a strategic football and commercial partnership with Brazil's Avaí Futebol Clube as a part of OFC's Global Football Alliance initiative. Odisha began the 2021–22 season campaign win a historic 3–1 win over Bengaluru FC on 24 November. Odisha ended the season at the seventh spot with 23 points.

The 2022-23 season began with the Indian Super League season, followed by the Super Cup. At the end of 2022-23 Indian Super League season, Odisha finished 6th with 30 points on the table and qualified for the playoffs for the first time since rebranding into Odisha FC. However, they lost to ATK Mohun Bagan 2-0 in the knock-outs. In the 2023 Indian Super Cup, Odisha began their campaign by drawing 1-1 against East Bengal. They then went on to win 3-0 against I-League side Aizawl FC and a 2-1 win against Hyderabad FC to top their group and qualify for the Semi-final of the tournament. In the Semi-final, they beat the surprise team in the tournament Northeast United FC on a scoreline of 3-1 to qualify for their first ever Super Cup Final where they were up against current ISL runner-up Bengaluru FC.

On 25 April 2023, Odisha clinched their first ever silverware, the Indian Super Cup title, defeating Bengaluru FC 2-1 in the 2023 Indian Super Cup final. They faced 2021–22 I-League champions Gokulam Kerala in the Indian club qualifiers for 2023–24 AFC competitions. Diego Maurício's hat-trick helped Odisha cruise past Gokulam Kerala to qualify for the AFC Cup.

Odisha kicked-off their 2023-24 season with the 2023-24 AFC Cup, in which they place in the South Zone group alongside Mohun Bagan SG from India, Bashundhara Kings from Bangladesh, and Maziya from the Maldives. Odisha finished as the South Zone Winners, topping the group with 12 points from 6 games, qualifying for the inter-zonal play-off semi-finals. Odisha faced the Australian side Central Coast Mariners in the Inter-zone play-off semi-finals. They lost the first leg 4-0 away, and drew the second leg 0-0 at home, exiting the competition. In the 2023–24 Indian Super League season, the club finished 4th with 39 points from 22 games, qualifying for the play-offs. In the knock-outs, they defeated Kerala Blasters 2-1, and reached the semi-finals for the first time in club history. In the two-legged semi-final, Odisha faced Mohun Bagan SG. They won the first leg 2-1 at home, however, lost 0-2 away, exiting the league play-offs with an aggregate score of 2-3.