KATHMANDU: TEAM Ventures has successfully concluded a partial exit from Foodmandu through the sale of equity to Himalayan Capital Ltd.
TEAM Ventures, is an industry-agnostic alternative investment firm with a diverse portfolio spanning the energy, technology, real estate, manufacturing, startups, agro-infrastructure, and electric-vehicles sectors.
TEAM Ventures’ partial exit from Foodmandu resulted in double returns for the firm in a short time span of two years. The firm’s strategic investment has facilitated Foodmandu's exponential expansion of its customer and restaurant base, as well as geographic expansion.
Foodmandu, established in 2010, stands as Nepal's largest food delivery company and is an industry leader in customers and restaurant partners. The company received series A funding through True North Associates in 2016 and series B funding from TEAM Ventures in 2020. In 2023, Dolma Impact Fund II further invested $4 million in series C funding.
Himalayan Capital Ltd, a wholly-owned subsidiary of Himalayan Bank Ltd and one of Nepal's leading merchant banks, is committed to fostering reliable and sustainable growth for its customers. They offer services across individual and institutional dimensions, assisting in management, capital structuring, wealth management, and a range of advisory services.
