Business Oxygen gets $7.3m from IFC

13 Jun 2017

BO2, makes equity investments in Nepal’s high-growth small and medium enterprises (SMEs), helping them achieve their potential and create more jobs. Business Oxygen (BO2), Nepal’s first private equity fund, is receiving another $7.3 million from the International Finance Corporation (IFC), a member of the World Bank Group. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID). This investment will help BO2 increase its financing for small businesses to help them cope with climate change, says a statement issued on Monday. BO2, makes equity investments […]

AgriBusiness Boot Camp a blueprint for success

01 Jun 2017

Laxman Paudel, a resident of Dang, used to serve as a policeman. During the decade-long insurgency (1996-2006), he was forced to quit his job due to pressure from the Maoists. He struggled to eke out a living for him and his family. He then worked as a vendor selling wrist watches in the tourist town of Pokhara. His business wasn’t that good. So, one of his friends suggested to him, sell spices instead. “When I started the business, I had invested Rs400,” Paudel said. He added, “I used to sell black pepper syrup, turmeric powder, flour and other household materials, […]

Private Equity Investment for Company Growth

19 Feb 2017

While alternative ways of finance such as angel investment come in the idea stage and venture capital for early stage of startups with higher risks, PE firms support the growth phase when the company has earned certain amount of revenue. –BY NIKEETA GAUTAM Unlike in advanced and emerging economies, entrepreneurs in Nepal do not have facilities of alternative financing to start or expand their businesses. While wealthy entrepreneurs have various sources of financing, new and struggling entrepreneurs find it very difficult for a collateral free way of financing to take their businesses to the next level. “Not all companies are […]

Food done right

29 Dec 2016

With good food, consistent quality and lightning quick service, Dalle is well on its way to becoming a gastronomical institution -BIBEK SUBEDI Dec 29, 2016- The restaurant is not very lavish. It has a stripped-down menu. And it wants its guests to leave soon after the food on the table is over. Yet this eatery has become the talk of the town because of its momos which, many say, are showstoppers. Dalle, a fast food restaurant established five years ago, has now carved out a niche for itself as one of the best places for dumplings in the Kathmandu Valley. […]

IFC Appoints White Lotus as Fund Manager for ‘Business Oxygen’ to Support SME Growth

01 Oct 2015

Kathmandu, Nepal, October 01, 2015 — IFC, a member of the World Bank Group, has appointed White Lotus Centre Pvt. Ltd. as fund manager for Business Oxygen, its SME ventures fund in Nepal.