Aadhyanta Accelerator Programme in Koshi Province concluded with historic 200 million commitment

Aadhyanta Accelerator Programme in Koshi Province concluded with historic 200 million commitment

BIRATNAGAR: Aadhyanta Fund Management Ltd, in a landmark move, wrapped up its inaugural cohort of the Aadhyanta Accelerator Programme in Biratnagar, on September 21, spotlighting the high-growth potential of Koshi Province's Agri SMEs.

Crafted in collaboration with Sahaj-NAMDP, FNCCI Koshi Province, and the Provincial Investment Authority, the eight-month programme zeroes in on empowering agricultural enterprises, priming them for scalability and drawing investors. The initiative actively envisions amplifying the entrepreneurial pulse of Koshi, catalysing economic vibrancy and pioneering innovation.

As a testimony to its effectiveness, 10 enterprises emerged investment-ready at the culmination. Significant investors, including Global Equity Fund, NIMB Ace Capital, Himalayan Capital, Reliable Ventures, and Aadhyanta Fund Management, expressed interest in an impressive five enterprises, signalling commitments to the tune of 200 million. Beneficiaries of this financial confidence comprise Birat Group, Khetipati Organics, Agri Centre Jhapa, Raktakali Tea Estate, and Dibyadristi Veneration and Agro.

Rajendra Raut, Executive Member of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and President of FNCCI Koshi Province, chaired the momentous gathering. Chief Minister of Koshi Province, Hikmat Karki; Mayor of Biratnagar Metropolis, Nagesh Koirala; and distinguished personalities including Reema Shrestha, Saroj Koirala, among others were present at the event.

Commenting on the day's significance, Manoj Paudel of Aadhyanta shed light on the transformational potential of the alternative finance industry for the Nepali economy, positioning it as a robust counterweight to political uncertainties impacting economic stability, as highlighted by Chief Minister Karki.

Emblematic of a pioneering spirit, the Aadhyanta Accelerator Programme's successful foray outside Kathmandu solidifies its monumental contribution to Nepal's alternative finance industry.

Aadhyanta is a Nepali-owned fund mobilisation platform with the mission to build a nurturing ecosystem for entrepreneurs and enterprises through a transformative approach to capital mobilisation. It empowers entrepreneurs and enterprises with investment intelligence and integrative alliance enabling them to lead innovation. It is working to accelerate Nepal’s transition to middle-income status by making investments accessible and engaging enterprises.



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