Business Oxygen makes investment in Fusemachines and second round of investment in Genese Solution Pvt. Ltd.

Business Oxygen makes investment in Fusemachines, the leading AI talent and education platform and service provider. With Bo2 investment, Fusemachines will deploy the funds to substantially grow its Nepal team, with the addition of at least 200 new engineers, as well as to further advance AI education and upskilling initiatives in the country.

Business Oxygen successfully makes second round investment in Genese. With the additional investment, Genese will focus on developing its services and human resource capacity at international standards, thus contributing in Nepal’s digital transformation.

BO2 makes it’s first successful exit by divesting from Godawari International

BO2 has been successful in making its mark in the private equity space in Nepal by making its first exit in July 2019. This is the first successful exit made by an international private equity fund in Nepal. We had invested in Godawari International on April 2017 to help company increase its export of doggy chews, manufactured across several remote villages by several micro diaries in Province 1 of Nepal . At present, Godawari employs 17 direct individuals in its company with women representing 23% of the workforce. Women representation was nil prior to Bo2 investment. Our investment supplemented to support job of 1,750 people employed across 350 micro dairies located in Province 1 and 3 of Nepal and support supplementary income to more than 4,015 small holder farmers who have been supplying milk to these micro dairies. Godawari is one of the few USFDA registered dog chews processing companies in Nepal processing high quality chews.

Bo2 to invest in Bakas – nation’s first biomass pellets producer

BAKAS renewable energy will be the nation’s first Biomass pellet producer. This will also mark Bo2’s first investment in Province 2 of Nepal. Bakas renewable energy will utilize 30,000 MT of forest waste reducing forest fire risk to produce ~20,000 MT of Biomass pellets annually. This product will replace thousands of tons of coal imported annually to Nepal and shall foster practice of using sustainable and environment friendly source of fuel in Nepal along with import substitution of coal albeit in small scale