Team Ventures has sold a portion of its investment in Foodmandu to Himalaya Capital. Team Ventures, Foodmandu and Himalayan Capital have signed a joint agreement for this.
Team Ventures is an alternative investment company with diversified investments in profitable sectors such as energy, technology, real estate, construction, startups, agricultural infrastructure and electric vehicles.
Team Ventures made an institutional investment under Series B in 2020 in Fudmandu. It is said that this strategic investment of Team Ventures has helped Foodmandu in the geographical expansion of business including customers and restaurants.
In a period of almost two years, Team Ventures has managed to sell its initial investment with a double return.
Established in 2010, Foodmandu has been working as an online food delivery (restaurant-based food and food product sales/distribution) company in Nepal.
Himalayan Capital is a merchant bank established as a wholly owned subsidiary of Himalayan Bank.
Himalayan Capital has been providing specialized financial and investment services such as financial management, asset management, investment management, and institutional consulting services.
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