Dolma Impact Fund and SastoDeal have recently signed a Memorandum of Understanding(MOU). After this, Dolma will potentially invest in SastoDeal soon. This is the first time Dolma has sought to invest in an eCommerce business in Nepal.
Sastodeal is one of the biggest eCommerce sites in Nepal. Amun Thapa, founder and CEO of SastoDeal, writes “This is a big step for Sastodeal & the eCommerce industry of Nepal. Their trust in Sastodeal and other companies in Nepal is a gesture that Nepal is progressing and is a very lucrative market for business.”
Dolma Impact Fund, an International private equity fund, launched its fund to be invested in Nepal since 2014. The first investment of Dolma was a 6.4 MW hydropower company located in Dolakha; the Suri Khola Hydropower in March 2016. And since then, it has been actively investing in different sectors in Nepal like hydropower, hospitals, bio-tech, information technology, and tourism.
Dolma invested in Rhododendron Biotech Pvt. Ltd in October of 2016. It also invested in CloudFactory in April 2017 in its first IT investment in Nepal. Further, it has also invested in Swet Ganga Hydropower & Construction Public Limited Company in August 2017.
While talking with us, Mr. Thapa mentioned that SastoDeal will likely receive the investment within a month, although he didn’t reveal the exact investment amount.
About Dolma Impact Fund
Dolma Impact Fund is the first International private equity fund for Nepal, providing growth capital to Small and Medium-sized Enterprises(SMEs) in Nepal’s underserved energy, finance, healthcare, and agriculture sectors. The fund was established to generate private sector-led growth and jobs while creating positive social and environmental impact.
Dolma Impact Fund(Dolma) invests in Nepali companies to scale up capacity, increase skills and competitiveness, and meet market demand, thus creating broad-based, sustainable local employment. It is not an aid, but a socially responsible, risk-sharing capital. Dolma is not sector specific but is naturally attracted to growth markets including renewable energy, agriculture, health, tourism, financial inclusion, and education.