Team Ventures's partial exit from Foodmandu
KATHMANDU, AUGUST 1: TEAM Ventures has partially exited 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, states the press release.
Foodmandu, established in 2010, 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.
Himalayan Capital Limited is a wholly-owned subsidiary of Himalayan Bank Limited and one of Nepal's leading merchant banks.
They offer services across individual and institutional dimensions, assisting in management, capital structuring, wealth management, and a range of advisory services.
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