Nepal’s Private Equity and Venture Capital Ecosystem

Aadhyanta: Pioneering Private Equity in Nepal

Founded: 2020
Type: PE/VC Fund
Focus Sector: Open to all sectors
Investment Range: Undisclosed

Founders:

• Mr. Manoj Paudel
• Mr. Amit Koirala

Recent Investments:

• June 25, 2022: Aadhyanta, along with TEAM Ventures, Tele Ventures, and Global Equity Fund, committed Rs 85 million to Skill Sewa, a civil engineering startup.
• June 2022: Aadhyanta and partners committed Rs 15 million to Dark Matter Games, a video game development startup.

Contact Information:
Aadhyanta
Dharamarga, Baluwatar-4, Kathmandu
📧 [email protected] | ☎️ 01-4526601, 01-4526603

NEXT Venture Corp: Accelerating Entrepreneurial Growth

Portfolio:
Various early-stage startups supported through the NEXT Launchpad accelerator.

Notable Portfolio Companies:

• Margo Nepal
• Home Automation Nepal
• Farm to Finger
• Restro Order
• Nepal Packaging and Cool Storage
• Sajilo School Manager
• Lunch Hour
• Fit Box
• TechLakh
• Eagle Eye IT Service
• Trident Concept
• Krishak Ra Prabidhi
• Voxcrow
• Red Circle Creative Solutions

Contact Information:
NEXT Venture Corp
Lalitpur, Bagmati
📧 [email protected] | ☎️ +9779851166239

TEAM Ventures: Impacting Socio-Economic Growth

Founded: 2016
Type: PE/VC Fund
Focus Sector: Open to all sectors
Investment Range: USD 100,000 - USD 1.5 million

Recent Investments:

• June 25, 2022: TEAM Ventures, along with Aadhyanta, Tele Ventures, and Global Equity Fund, committed Rs 85 million to Skill Sewa, a civil engineering startup.

Contact Information:
TEAM Ventures
TEAM Corporate Center, Shakti Vinayak Marg, Gairigaon, Kathmandu
📧 [email protected] | ☎️ +977-1-4585169

One To Watch: Generating Impact through Investments

Type: VC Fund
Focus Sector: SMEs (sector-agnostic), Renewable Energy

One to Watch is a significant player in Nepal's emerging private equity and venture capital landscape. Established in 2012, the firm focuses on investing in small and medium-sized enterprises (SMEs) that have the potential for substantial growth and social impact.

Recent Investments:

• June 2022: One to Watch announced the second investment of the Off-grid Renewable Energy (ORE) fund to Gham Urja Sewa (GUS), a solar energy solutions provider.

Portfolio Companies:

• Gham Urja
• Durbar Brick & Tile Industries Ltd.
• Biovac
• Bloom Nepal School
• Cotton Mill
• Ficus Biotech
• Gham Power
• NTS Solutions
• Organic Mountain Flavor
• Water Concern Pvt. Ltd.
• SmartTech Solution

Contact Information:
One To Watch
Sanepa Heights Rd, Lalitpur
📧 [email protected] | ☎️ (+977) 1542 3948

Business Oxygen Pvt. Ltd: Nepal’s First Climate-Focused Private Equity Fund

Founded: 2012
Type: PE Fund
Focus Sectors: Energy, Manufacturing, Technology, Climate Change, Hospitality
Investment Range: USD 500,000 - USD 1 million

Portfolio Companies:

• Karkhana
• Godawari International
• The Lakeside Retreat (Exited)
• Le Sherpa (Exited)
• Dalle Restaurant
• Meera Biotech Pvt. Ltd.
• MedPro International
• Knit and Needle
• Shanti Engineering (Exited)
• BAKAS Renewable Energy Limited
• Gandaki Urja Pvt. Ltd.
• Saral Urja Nepal
• Fusemachines Nepal
• Genese Solutions
• Assabet Technologies Pvt. Ltd.

Contact Information:
Business Oxygen Pvt. Ltd.
Gha 3/1, Jhamsikhel, Lalitpur
📧 [email protected] | ☎️ 977 (1) 5428519

True North Associates: Disrupting Markets with Innovative Investments

Founded: 2014
Type: PE/VC Fund
Focus Sector: Open to all sectors
Investment Range: USD 100,000 - USD 1.5 million

Recent Investments:

• March 2022: True North Associates signed an MOU with Sajilo Marmat Sewa to invest Rs 100 million in tranches to support the company’s growth.

Portfolio Companies:

• ACT 360
• Alpine Import & Export
• Eminence Ways
• Foodmandu
• Kathmandu Lanco
• Khukuri Summit Lodge
• Incessant Rain Academy
• NIC Asia Capital Limited
• Nepal Warehousing Co. Limited
• One to Watch
• Phoenix Capital
• Sajilo Sewa

Contact Information:
True North Associates
Sanepa Heights, Lalitpur
📧 [email protected]

Nepal Business Angels Circle: Supporting Early-Stage Ventures

Portfolio Companies:

• Kaffe Codes
• Qlodu Cosmetics
• Berna Agritech

Contact Information:
Furtiman Marga, Bishalnagar-05, Kathmandu
📧 [email protected] | ☎️ 01-4526267, 01-4526268

SAFAL Partners: Enhancing Business Operations for Growth

Founded: 2017
Type: Seed Venture
Focus Sector: Micro and Small Enterprises
Investment Range: USD 5,000 - USD 50,000

Contact Information:
SAFAL Partners
Nagpokhari Marg, Kathmandu
📧 [email protected] | ☎️ (+977)-(1)- 444-1403

Dolma Impact Fund: Large-Scale Investments for Socioeconomic Growth

Founded: 2012
Type: PE Fund
Focus Sector: Technology, Renewable Energy, Education, Financial Services, Tourism, Agriculture, Healthcare
Investment Range: USD 1 million - USD 8 million

Recent Investments:

• December 20, 2022: Japan International Cooperation Agency (JICA) signed a USD 10 million investment agreement with Dolma Impact Fund II to focus on renewable energy, technology, and healthcare in Nepal.
• January 2022: Dolma Impact Fund signed an agreement with Foodmandu for USD 4 million to expand its food delivery operations.

Portfolio Companies:

• National Path Labs and Research Center
• Nidan Hospital Ltd
• Rhododendron Biotech Pvt. Ltd
• Setikhola Hydropower Pvt. Ltd.
• Solar Farm Nepal
• Swet Ganga Hydropower & Construction Ltd.
• Upaya City Cargo
• Worldlink Communications Ltd
• Chirayu National Hospital
• CloudFactory Holdings Limited
• Dugar Spices & Food Products Pvt. Ltd
• Foodmandu
• Fusemachines Inc.
• Makar Jitumaya Suri Hydropower Ltd

Contact Information:
Dolma Fund Management
Hiti Sadan, Durbar Marg
📧 [email protected] | ☎️ 01-4524720

Seed Investments: Fostering Scalable Businesses

Founded: 2015
Type: Seed Investor
Focus Sector: Technology, Renewable Energy, Manufacturing, Tourism, Hospitality
Investment Range: USD 27,000 - USD 413,000

Portfolio Companies:

• Himalayas Hydro Power Development Company
• Aero Bricks Company
• Hotel Thamel House

Contact Information:
Seed Investments Pvt. Ltd.
Third Floor, SEED Energy Building, Jawalakhel-13, Lalitpur
📧 [email protected] | ☎️ +977-1-5912283

Avasar Equity: Scaling Ventures with Strategic Investments

Founded: 2020
Type: PE/VC Fund
Focus Sector: Technology, Energy, Tourism, Hospitality, Healthcare
Investment Range: Undisclosed

Portfolio Companies:

• Him Parbat
• First Choice Foods Pvt Ltd
• Litmus Industries Limited
• Vision Energy and Power Ltd
• Mewa Developers Limited

Contact Information:
Avasar Equity Limited
Kandevsthan Road, Kupandole, Lalitpur
📧 [email protected] | ☎️ 01-5970103

Global Equity Fund: Innovating for the Future

Founded: 2019
Type: PE/VC Fund
Focus Sectors: Energy, Technology, Agriculture, Healthcare, Tourism, Education

Global Equity Fund adds value through market insights, operational expertise, and strategic connections. With over $35 million invested in 30 businesses, it focuses on growth sectors like education, tourism, IT, healthcare, agriculture, and clean energy.

Recent Investments:

• June 2022: Global Equity Fund along with other investment firms committed Rs 85 million to Skill Sewa, a civil engineering-based startup.
• January 2023: Logistics services provider Upaya secured Rs 60 million from the Nepal Infrastructure Investment Fund (NIIF), promoted by Global Equity Fund, Prime Life Insurance, and Himalayan Everest Insurance.

Portfolio Companies:

• Upaya
• Urja
• Thee Go (Sustainable by Innovation)
• AB Holdings
• Mewa Developers Ltd.
• Tattva Farms
• Classic View Resort
• Pashupati Renewables

Contact Information:
Global Equity Fund
Bhyuti Marg, Sanepa-02, Lalitpur
📧 [email protected] | ☎️ +977 1 5919722

Tele Ventures Pvt. Ltd: Investing in Tech Startups

Founded: 2015
Type: PE Fund
Focus Sector: Technology, e-commerce
Investment Range: USD 400,000 - USD 4 million

Recent Investments:

• June 25, 2022: Tele Ventures, along with Aadhyanta, TEAM Ventures, and Global Equity Fund, committed Rs 85 million to Skill Sewa, a civil engineering startup.

Contact Information:
Tele Ventures Pvt. Ltd.
Ramesh Tower, Tripureshwor, Kathmandu
📧 [email protected] | ☎️ +977 4117324, +977 4117322