Key Takeaways
- • NIMB Ace Capital Limited and Momo VC have signed a Memorandum of Understanding to establish and co-manage a Nepal-focused private equity/venture capital fund with a target capitalization of USD 30 million, subject to regulatory approval and final investment agreements.
- • NIMB Ace Capital will serve as Fund Manager while Momo VC will act as Operating Partner and/or General Partner, combining investment management expertise with venture investing and startup ecosystem development capabilities.
- • The fund will invest exclusively in companies incorporated and operating in Nepal, with strategic focus on scalable, technology-driven enterprises with capacity for regional and international expansion.
- • The partnership aims to mobilize institutional and private capital to strengthen Nepal's entrepreneurial ecosystem, support job creation, and enable domestic businesses to compete in global markets.
- • NIMB Ace Capital is a wholly owned subsidiary of Nepal Investment Mega Bank Limited, established in 2011, positioning the fund manager as an established player in Nepal's financial services sector.
Summary
NIMB Ace Capital Limited and Momo VC have formalized a strategic partnership through a Memorandum of Understanding to jointly establish a Nepal-domiciled private equity and venture capital investment fund targeting high-growth companies within Nepal's emerging entrepreneurial ecosystem. The collaboration was announced on June 2, 2026, marking a significant effort to develop institutional capital deployment mechanisms in the South Asian market.
The proposed fund targets USD 30 million in capitalization, contingent upon regulatory approvals and completion of final investment agreements. The fund will focus exclusively on investments in companies incorporated and operating in Nepal, with particular emphasis on scalable businesses demonstrating capacity for expansion into regional and international markets. This geographic and sectoral focus reflects a deliberate strategy to support technology-driven enterprises and emerging sectors positioned for cross-border growth.
The partnership leverages complementary capabilities: NIMB Ace Capital brings institutional investment management and capital markets expertise as the designated Fund Manager, while Momo VC contributes venture investing acumen, startup ecosystem development experience, and established networks within Nepal's diaspora community. This combination of institutional capital management with venture-stage operational expertise is designed to address both investment structuring and portfolio company growth acceleration.
According to Shivanth Bahadur Pandé, the partnership represents "an important step toward building a stronger private investment ecosystem in Nepal that supports innovation, creates jobs, and enables businesses to compete internationally." The collaboration explicitly targets mobilization of long-term institutional and private capital to accelerate sustainable economic growth and strengthen Nepal's entrepreneurial foundation.
NIMB Ace Capital, established in 2011 as a subsidiary of Nepal Investment Mega Bank Limited, operates as the country's largest and most active fund manager in this space, providing institutional credibility and capital markets infrastructure to the partnership. The fund's focus on Nepal-incorporated entities with international expansion potential addresses a market gap in institutional venture and growth capital availability within the region.
The proposed fund targets USD 30 million in capitalization, contingent upon regulatory approvals and completion of final investment agreements. The fund will focus exclusively on investments in companies incorporated and operating in Nepal, with particular emphasis on scalable businesses demonstrating capacity for expansion into regional and international markets. This geographic and sectoral focus reflects a deliberate strategy to support technology-driven enterprises and emerging sectors positioned for cross-border growth.
The partnership leverages complementary capabilities: NIMB Ace Capital brings institutional investment management and capital markets expertise as the designated Fund Manager, while Momo VC contributes venture investing acumen, startup ecosystem development experience, and established networks within Nepal's diaspora community. This combination of institutional capital management with venture-stage operational expertise is designed to address both investment structuring and portfolio company growth acceleration.
According to Shivanth Bahadur Pandé, the partnership represents "an important step toward building a stronger private investment ecosystem in Nepal that supports innovation, creates jobs, and enables businesses to compete internationally." The collaboration explicitly targets mobilization of long-term institutional and private capital to accelerate sustainable economic growth and strengthen Nepal's entrepreneurial foundation.
NIMB Ace Capital, established in 2011 as a subsidiary of Nepal Investment Mega Bank Limited, operates as the country's largest and most active fund manager in this space, providing institutional credibility and capital markets infrastructure to the partnership. The fund's focus on Nepal-incorporated entities with international expansion potential addresses a market gap in institutional venture and growth capital availability within the region.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.