Inscriptions in the temple reveal that it was built between the 9th and 10th centuries CE by the Eastern Chalukyan king, Bhima. The big Mandapam of the temple was built by Ganga Mahadevi, daughter-In-Law of Eastern Ganga Dynasty king Narasingha Deva I of Odisha. Architecturally and sculpturally, the temple reflects a blend of Chalukyan and Chola styles. The temple is historically prominent. It was built by Eastern Chalukyas who reigned over this area. It's believed to have been constructed earlier to the Bhimeswaraswamy temple in SamarlaKota that was built between 892 C.E. and 922 C.E.
Daksharamam is considered to be the place where Daksha Yagnam happened. Lord Siva sanctified the place after the rampage and carnage carried out at the place by Lord Veerabhadra.
Bheemeswara Swami temple is a big temple which was renovated by eastern chalukyas. Temple has a pushkarini called "Sapta godavari" where sapta rishis brought waters from seven different rivers to create it. One can find saptarishis in a small mantapa located in sapta godavari pushkarini. One can visit kashi viswesara temple constructed by vyasa and agasthyeswara swami who was worshiped by sage Agasthya. There are few mantapas available in the temple compound too. You can find four gopurams around the temple and few temples like kala bhairava, veera bhadra and vatuka bhairava temples inside the temple premises.
Maha Shivaratri and Dasara are the main festivals associated with Draksharamam