NIMB Ace Capital, Momo VC Partner to Launch $30 Million Nepal-Focused Investment Fund

NIMB Ace Capital Limited and Momo VC have signed a strategic Memorandum of Understanding (MoU) to jointly establish and manage a Nepal-focused private equity and venture capital investment fund aimed at supporting “high-growth businesses, technology-driven enterprises, and emerging sectors” with strong regional and international expansion potential.

Under the proposed partnership, NIMB Ace Capital will serve as the Fund Manager, while Momo VC will act as the Operating Partner and/or General Partner. The partners plan to launch a Nepal-domiciled fund with a target size of USD 30 million, subject to regulatory approvals and final investment agreements.

According to a statement from Momo VC, the fund will focus on investing in companies that are incorporated and operating in Nepal, with particular emphasis on scalable businesses capable of expanding beyond the domestic market.

The partnership brings together NIMB Ace Capital’s expertise in investment management and capital markets and Momo VC’s experience in venture investing, startup ecosystem development, and diaspora engagement. Together, the organizations aim to mobilize long-term institutional and private capital to strengthen Nepal’s entrepreneurial ecosystem and support sustainable economic growth.

“Our shared vision is to expand access to early-stage and equity capital, growth capital and mezzanine capital for Nepal’s most promising companies while helping them scale regionally and globally,” said Chief Executive Officer of NIMB Ace Capital Limited, Shivanth Bahadur Pandé. “This partnership represents an important step toward building a stronger private investment ecosystem in Nepal—one that supports innovation, creates jobs, and enables businesses to compete internationally.”

Ritu Pradhan, co-head of NIBL Equity Partners, a fund managed by NIMB Ace Capital Limited, said the partnership combines complementary strengths at a critical time for Nepal’s business ecosystem.

“This partnership brings two different but complementary capabilities at the right moment. At our institution, we have always believed that Nepal’s growth story is still being written and that the right capital can be a genuine catalyst for innovation and longer-term economic progress. Through this collaboration, we hope to help build a more structured and accessible investment ecosystem supporting businesses and help accelerate growth for our investee companies.”

As part of the agreement, Momo VC will lead fundraising and investor outreach efforts, particularly among members of the Nepali diaspora in the United States and other international markets. The partners aim to mobilize USD 10 million within a mutually agreed timeline.

The collaboration will also focus on identifying and promoting investment opportunities in “SMEs, technology, and technology-enabled businesses” that demonstrate strong long-term growth potential.

“This MoU reflects a shared commitment to backing the next generation of Nepali entrepreneurs,” said General Partner of Momo VC, Preeti Adhikary. “By connecting Nepal’s high-potential businesses with strategic global capital and Nepali diaspora networks, we hope to help founders build scalable, resilient companies that contribute meaningfully to economic transformation and financial inclusion. The curated mentorship and cross-functional collaboration through the expert network of The Great Nepali Diaspora (and beyond) will foster a stronger global ecosystem for Nepali companies.”

Beyond co-managing the proposed fund, NIMB Ace Capital and Momo VC will collaborate on branding, public relations, and outreach initiatives to enhance the visibility and credibility of the fund and its future portfolio companies among investors and stakeholders in Nepal and abroad.

“The partnership also reinforces a broader commitment to fostering innovation-led growth, supporting entrepreneurship, and creating long-term value for Nepal’s economy through increased access to professional investment capital and strategic business support; help Nepali Companies eventually access the global capital market,” the statement added.

Additional details regarding the fund’s structure, governance framework, investment strategy, and launch timeline are expected to be announced in the coming months.

Related posts:

Nepal’s Election as a Geopolitical Test Nepal’s Gen-Z Takes Politics From the Streets to the Ballot Box Nepal-America International Film Festival Announces 2025 Lineup Featuring 30 Films from 14 Countries Nepal’s Envoy to UN Highlights Democratic Transition, Gen Z Protests, and Global Crises at UNGA 80