Nepal’s technology sector is experiencing unprecedented growth, with numerous well-established tech companies gaining prominence in various domains. From software development, artificial intelligence, and machine learning to their application in healthcare, education, and governance, Nepal’s tech companies and startups are serving customers in innovative ways.
Nepal’s tech startup ecosystem is flourishing, with innovative ventures making waves in various sectors. As we step into 2024, here’s a curated list of the top 10 tech startups in Nepal that are poised for success and worth keeping an eye on:
1. Khalti
Founded in 2017 by Amit Agrawal, Khalti is a leading digital payment platform in Nepal. It offers a range of services including mobile recharge, bill payments, online shopping, and money transfers.
With a steady growth trajectory, Khalti has witnessed a significant increase in its user base and transaction volume over the years. Its revenue figures have been consistently on the rise, reflecting the growing adoption of digital payments in Nepal.
Khalti aims to revolutionize the way financial transactions are conducted in Nepal by providing convenient and secure digital payment solutions to individuals and businesses across the country.
Related: Khalti – Company Analysis, Net worth, History, Success, Yearly Revenue
As of 2024, Khalti stands as a frontrunner in Nepal’s fintech landscape, continually innovating and expanding its service offerings to cater to the evolving needs of its users.
2. CloudFactory Nepal
Founded in 2010 by Mark Sears, CloudFactory is a technology company that specializes in providing workforce solutions powered by artificial intelligence (AI) and machine learning (ML). It connects businesses with a global network of skilled workers to help them automate and scale their operations efficiently.
CloudFactory has experienced substantial growth since its inception, attracting investment from prominent venture capital firms and achieving impressive revenue milestones. Its unique business model and focus on leveraging AI and ML technologies have contributed to its financial success.
CloudFactory’s mission is to democratize access to meaningful work opportunities while helping companies harness the power of AI and ML to drive business growth and innovation.
With a strong foothold in the global market, CloudFactory continues to expand its reach and impact, empowering businesses worldwide to thrive in the digital age.
3. Sasto Deal
Launched in 2011, Sasto Deal is one of Nepal’s leading e-commerce platforms, offering a wide range of products at affordable prices. Founded by Amun Thapa, the company has gained popularity for its competitive pricing and convenient shopping experience.
Sasto Deal has achieved remarkable growth in terms of sales revenue and market share, capitalizing on the growing e-commerce trend in Nepal. Its strategic partnerships and innovative marketing strategies have contributed to its financial success.
Sasto Deal aims to disrupt the traditional retail landscape in Nepal by providing consumers with access to high-quality products at discounted prices through its online platform.
As of 2024, Sasto Deal remains a dominant player in Nepal’s e-commerce sector, continually expanding its product offerings and enhancing its customer experience to stay ahead of the competition.
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4. Deerwalk
Founded in 2009 by Rudra Pandey, Deerwalk is a software development company that specializes in providing healthcare analytics and data management solutions. It serves clients in the healthcare industry, helping them optimize operations and improve patient outcomes through data-driven insights.
Deerwalk has achieved consistent revenue growth over the years, thanks to its focus on delivering innovative and customizable software solutions tailored to the needs of healthcare providers. Its client base includes leading hospitals, insurance companies, and pharmaceutical firms.
Deerwalk is committed to leveraging technology to address the complex challenges facing the healthcare sector, with a focus on enhancing efficiency, reducing costs, and improving patient care outcomes.
With a strong track record of success and a reputation for excellence in healthcare analytics, Deerwalk is well-positioned to capitalize on the growing demand for data-driven solutions in the healthcare industry.
5. F1Soft International
Established in 2004 by Subash Sharma, F1Soft International is a pioneering software development company in Nepal. It specializes in developing innovative fintech solutions, including digital banking platforms, payment gateways, and mobile wallet applications.
F1Soft International has experienced rapid revenue growth and profitability, fueled by the increasing adoption of digital financial services in Nepal. Its cutting-edge technology solutions have garnered attention from investors and financial institutions alike.
F1Soft International aims to drive the digital transformation of Nepal’s financial sector by providing state-of-the-art technology solutions that enable banks and financial institutions to offer innovative services to their customers.
With a strong presence in the domestic market and aspirations for global expansion, F1Soft International is poised to play a pivotal role in shaping the future of digital finance in Nepal and beyond.
6. Pathao
Founded in 2015 by Hussain M Elius, Pathao is a technology-driven logistics and transportation company operating in Nepal and Bangladesh. It offers a range of services including ride-hailing, food delivery, and courier services through its mobile app platform.
Despite facing challenges in the competitive ride-hailing market, Pathao has managed to achieve significant growth in terms of market share and revenue. Its expansion into adjacent verticals such as food delivery has helped diversify its revenue streams.
Pathao’s mission is to revolutionize the way people and goods move in urban areas by providing affordable, efficient, and reliable transportation and logistics solutions powered by technology.
Related: Pathao – Company Analysis, Net worth, History, Success, Yearly Revenue
As of 2024, Pathao continues to innovate and expand its service offerings, cementing its position as a leading player in Nepal’s transportation and logistics industry.
7. Picovico
Founded in 2011 by Manish Modi and Suraj Sapkota, Picovico is an AI-powered video creation platform that enables users to easily create professional-looking videos from photos and music. It caters to both individual users and businesses, offering a range of customizable video templates.
Picovico has experienced steady growth in terms of user engagement and revenue, thanks to its user-friendly interface and innovative features. Its subscription-based business model has proven to be lucrative, with a growing number of users opting for premium plans.
Picovico aims to democratize video creation by providing accessible and affordable tools that empower users to express themselves creatively and tell their stories through video.
With a loyal user base and a reputation for delivering high-quality video content, Picovico is well-positioned to capitalize on the growing demand for visual storytelling in the digital age.
8. Tootle
Launched in 2017 by Sixit Bhatta and Amit Shrestha, Tootle is a ride-sharing platform that connects motorcycle riders with passengers seeking convenient and affordable transportation options. It operates primarily in Kathmandu Valley and has gained popularity among commuters.
Despite facing regulatory challenges and competition from traditional taxi services, Tootle has managed to attract a loyal user base and achieve steady revenue growth. Its focus on safety, affordability, and convenience has resonated with urban commuters.
Tootle’s mission is to alleviate traffic congestion and reduce air pollution in urban areas by promoting shared mobility solutions that leverage existing infrastructure and resources more efficiently.
As of 2024, Tootle continues to expand its presence in Kathmandu Valley and explore opportunities for growth in other cities, reaffirming its commitment toWith a strong market presence and community support, Tootle remains a trailblazer in Nepal’s transportation sector, poised for further growth and impact in the years ahead.
9. Foodmario
Founded in 2015 by Manohar Adhikari and Aayush Rajbhandari, Foodmario is a food delivery platform that connects home cooks with customers looking for homemade meals. It aims to promote entrepreneurship among home chefs while providing consumers with healthy and affordable dining options.
Foodmario has experienced steady growth in terms of transaction volume and revenue, driven by the increasing demand for homemade food and the convenience of online ordering. Its commission-based revenue model has proven to be sustainable and scalable.
Foodmario’s mission is to revolutionize the food delivery industry in Nepal by empowering home cooks to monetize their culinary skills and offering consumers access to a diverse range of homemade dishes delivered straight to their doorstep.
With a growing network of home chefs and satisfied customers, Foodmario is well-positioned to capitalize on the evolving food consumption habits and emerging trends in the Nepalese market.
10. Antenna Foundation Nepal
Founded in 2008 by Subina Shrestha, Antenna Foundation Nepal is a non-profit organization that harnesses the power of media and technology to drive social change and empower marginalized communities. It produces multimedia content on issues such as human rights, gender equality, and environmental conservation.
While not driven by profit, Antenna Foundation Nepal relies on grants, donations, and project funding to support its operations and initiatives. Its impact-driven approach and focus on storytelling have attracted support from international donors and philanthropic organizations.
Antenna Foundation Nepal’s objective is to amplify the voices of marginalized communities and catalyze positive change through media and technology interventions that promote social justice, equality, and sustainable development.
As a leading advocate for media activism and social justice in Nepal, Antenna Foundation Nepal continues to produce impactful content and collaborate with local and international partners to address pressing social issues and drive meaningful change.
With these additional entries, we now have a comprehensive list of the top 10 tech startups in Nepal to watch out for in 2024. Each of these tech startups and companies represents innovation, resilience, and potential for significant impact in their respective fields, contributing to the vibrant ecosystem of entrepreneurship and technological advancement in Nepal.
Whether it’s revolutionizing digital payments, empowering home chefs, or amplifying the voices of marginalized communities through media activism, these companies exemplify the spirit of innovation and resilience in Nepal’s tech landscape. As we look ahead, these pioneering ventures continue to inspire and pave the way for a brighter, more technologically advanced future for Nepal.
