Team Ventures concludes partial exit from Foodmandu
KATHMANDU, Aug 01: TEAM Ventures has 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. TEAM Ventures’ partial exit from Foodmandu resulted in 2x returns for the firm in a short time span of two years.
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 US 4 million dollars in series C funding.