High Impact Returns

Dolma brings sustainable development capital to high growth sectors in Nepal

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Priority Sectors

Our sector focus reflects areas of both high commercial growth and strong development impact.



AI, e-commerce, e-logistics, ed-tech
and fintech

Health Care


e-health, pharmaceuticals, primary, secondary and tertiary care



On-grid, off-grid, storage/battery, energy technology platforms, EV infrastructure

Portfolio Companies

Delivering sustainable development through investment in high growth companies

Setikhola Hydropower

22MW ROR hydropower project in Nepal’s Kaski District

Chirayu Hospital

Multi-specialty hospital with quality and affordable services


Nepal's largest online food ordering platform


Nepal’s largest FBB/ Fibre to the Home (FTTH) provider

CloudFactory Group

Human-based Data Processing for AI & Automation

Fusemachines Inc.

No.1 AI solutions and service provider in Nepal


The largest home grown e-commerce platform in Nepal

Upaya City Cargo

First intra-city logistic-tech marketplace in Nepal

Latest News

Dolma's Thought Leadership group presents our latest thinking on Nepal's economy.

Impact investing in a frontier market

Tim Gocher's journey as a pioneering impact investor in Nepal began with a two-week holiday to the country nearly 20 years ago.

While trekking in the Himalayas, Gocher, from Essex in the UK, fell in love with the nation, its people and their "spirituality".

  • 2022-12-22
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US DFC joins Dolma Impact Fund II

Dolma Fund Management has announced the second close of Dolma Impact Fund II (Dolma II) — a private equity fund investing primarily in renewable energy, healthcare and technology in Nepal.

  • 2022-03-09
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FMO, CDC Group, Swedfund and IFC participate in first close of Nepal-focussed Dolma Impact Fund II

FMO, CDC Group, Swedfund and IFC participate in first close of Nepal-focussed Dolma Impact Fund II

  • 2021-05-11
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