This report is an effort of Dolma Development Fund (DDF) to analyse market data and trends across six
sectors in Nepal in order to identify attractive investment opportunities for private equity and venture
capital investors.
We wish to thank all the private enterprises and government agencies who gave us their time and shared
information, giving us a detailed picture of the business and investment environment in Nepal. We also
place on record our sincere thanks to the international development agencies active in the country for
providing us deep sector insights and sharing their enthusiasm to develop an investment-friendly
ecosystem in Nepal.
Our special thanks to Suzanna Abspoel from Advance Consulting for providing insights and guidance on
the sectors reports and the European resources available for Nepal. We would also like to thank the
Intellecap investment banking practice and investment managers from the Aavishkaar Frontier Fund for
sharing their experiences in early stage equity investments.
Finally, our deepest appreciation to Dipika Prasad, Manisha Singh, Saurabh Prakash Sinha, Nisha Dutt,
Raghavendra Badaskar and the entire consulting team at Intellecap for making this report a success.