Startup Ecosystem in Nepal is still emerging.
There are a lot of startups landing in the ecosystem every day. We have also seen that most of the startup has failed. There could be multiple reasons why startups fail but one could be a funding issue.
We want to summarize who should you look for and how, if you are thinking to raise funding for your startup in Nepal. We are not including the Ideation Phase funding in this article. There are programs like Ideastudio, NCELL App Camp, Next Growth Conclave, Enterprise, etc. which do funding or incubation at the ideation stage. We are excluding this and focusing on stage A or higher funding in Nepal.
True North Associate
True North Associate or TNA in short, is a company focused on providing equity investments, management, and consulting. TNA has an excellent team consisting of Suman Joshi, Nidan Shrestha, Arpan Khanal, Luja Mathema, Sujan Shrestha, Satish Khadka, etc.
Looking at its portfolio TNA has made incredible investments in Foodmandu, Act 360, one to watch, Nepal Warehousing company, Karja Bazaar, esatya, etc. TNA also works with Rockstart Impact which has been providing equity investments into famous brands like Red Mud Coffee, Bloom Nepal school, etc.
Dolma Impact Fund
Dolma Impact Fund claims to be the first international Impact and private equity fund in Nepal. It also provides funding and equity investment for the growth stage of companies.
Besides ROI, Dolma Impact Fund focuses on generating more jobs and Impacts on the communities. Dolma Impact has invested in Swet Ganga Hydropower, Suri Khola Hydropower, Rhododendron Biotech, Cloudfactory, Fusemachinesm, Sastodeal, etc.
Shambhav Sirohiya is the founder of Movers&Shakers. Under his founding, MnS holdings have 19 companies in their portfolio. Interestingly, MnS supports both early-stage and growth-stage startups. Some notable companies are FoodMario, Metro Tarkari, VMAG, etc.
Do you know any company or holdings actively engaged in the equity an impact investment in Nepal? Let us know in the comments below.