TEAM Ventures Concludes Successful Partial Exit From Foodmandu With 2x Returns
TEAM Ventures hass successfully concluded a partial exit from Foodmandu through the sale of equity to Himalayan Capital Limited.
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 2x 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.
About Foodmandu:
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 Four Million US dollars in series C funding.
About Himalayan Capital:
Himalayan Capital Limited, a wholly-owned subsidiary of Himalayan Bank Limited 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.
Website: https://teamventuresnepal.com
Email: info@teamventures.com.np
Address: Team Corporate Centre, Shakti Vinayak Mark, Gairigaon, Kathmandu
