# Foodmandu Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foodmandu-pvt

- Industry: Consumer Services
- Headquarters: Nepal
- Website: www.foodmandu.com
- Latest round: Series B (Feb 15, 2020)
- Investors on record: 2

## About

Foodmandu Pvt. Ltd. is a prominent food delivery service in Nepal, facilitating convenient meal ordering from a diverse range of local restaurants directly to consumers' locations.Founded in 2010 in Nepal, Foodmandu Pvt. Ltd. specializes in food delivery, connecting users with restaurants in cities such as Kathmandu, Pokhara, Chitwan, and Butwal. The company was founded by Manohar Adhikari, who has a history of entrepreneurship. Foodmandu raised funds through 2 deals, with the latest being a SERIES B round on February 15, 2020, led by Team Ventures Pvt. Ltd.Foodmandu operates as a comprehensive food delivery service that connects consumers with a diverse range of restaurants across select cities in Nepal, specifically Kathmandu, Pokhara, Chitwan, and Butwal. The company's core product offering is its food delivery platform, which enables users to order meals from their favorite restaurants and have them delivered directly to their homes or workplaces. This service addresses the growing demand for convenience in meal procurement through a user-friendly mobile application, catering primarily to busy professionals, families, and anyone seeking quick access to a variety of culinary options.Foodmandu generates revenue primarily through its food delivery service, which operates on a direct-to-consumer model. Customers place orders via the mobile app or website, selecting from a variety of local restaurants that partner with Foodmandu. The business model includes a delivery fee charged to customers, in addition to the cost of meals. Foodmandu collaborates with restaurants to establish a revenue-sharing agreement, whereby restaurants receive a portion of the income from each order processed via the platform.Foodmandu aims to leverage its SERIES B funding raised on February 15, 2020, to enhance its service offerings and expand into new geographic regions. The company plans to develop new features for its mobile application to improve user experience, targeting the introduction of these enhancements within the next year. Additionally, Foodmandu is exploring expansion into other regions of Nepal, with plans to reach more cities by 2023, thus widening its customer base and increasing order volume.

## Funding rounds

- Series B, Feb 15, 2020 — Team Ventures
- Series A, Jan 1, 2016 — True North Associates

## Investors

- True North Associates (https://capitalatlas.ai/funds/true-north-associates) — Series A
- Team Ventures (https://capitalatlas.ai/funds/team-ventures) — Series B