True North Associates

30/03/2026

*Exit Alert*

We are pleased to announce our full exit from Sajilo Sewa.

We leave behind a business that is clearer in its model and better positioned for scale than when we first entered.

When we released the first tranche of our investment in October 2022, Sajilo Sewa had early market validation and a strong mission: delivering reliable services while creating dignified work across skill levels. Following our investment and management support, the company underwent structural evolution, operating model refinement and strategic repositioning.

Five areas define this partnership and underpin its next phase:

1. From Service Provider to Platform: We helped transition Sajilo Sewa from a linear services company into a multi-service platform. The shift from direct delivery alone to a scalable model that can support multiple categories and, over time, third-party participation enabled the business to adopt a hybrid role as both operator and platform steward.

2. Academy Vertical: To address workforce quality and supply, we choreographed the launch of Sajilo Academy by Sajilo Sewa. This created a pipeline linking skill development to income opportunities, including training, internships and employment pathways within and beyond the platform.

3. Operational and Financial Structure: We streamlined the business model, strengthened financial controls and upgraded reporting systems to investor-ready standards.

4. Expanding Access to Finance: We facilitated blended finance facilities, providing the runway to test, build and stabilize new initiatives while reducing ex*****on risk.

5. Positioning for Scale and Investment: In addition to helping secure investor interest, we focused on investment-readiness, strengthening the company’s foundation to withstand due diligence and support future growth and capital engagement.

Sajilo Sewa now moves forward with a clearer structure, stronger systems, a more intentional workforce pipeline and financing momentum for its next phase. We are pleased to have contributed to that transition.

This is our exit number 7, all with positive returns on investment 🙏 .

05/02/2026

IRD’s clarification on Section 57 removes long-standing uncertainty around preference shares. Here is our take on what it implies for PEVC industry.

13/01/2026

In the 5th Annual General Meeting of Nepal Private Equity Association, our Founder Chairman, Mr. Suman K Joshi, shared his experiences in a panel titled ‘𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗙𝘂𝗻𝗱𝘀’.

Mr. Joshi, the founding chair of the Nepal Private Equity Association, highlighted his experiences working alongside DFI and non-DFI limited partners, and how their intent and interest in Nepal’s financial and investment landscape shape and bridge Nepal to global capital and international best practices.

He shared his experiences on areas where policies could be refined to better fit today’s context and practicality, while shedding encouragement and a positive light on Nepal’s economic possibilities through private equity and venture capital investments.

31/12/2025

Cheers to new beginnings

16/12/2025

As the year 2025 draws to a close, we reflect on the key trends that defined Nepal's PEVC sector and the developments they are poised to shape in the coming year. #2025

03/12/2025

TNA–I welcomes Shikhar Insurance Co. Ltd., SuryaJyoti Life Insurance and Citizen Life Insurance Nepal as new institutional investors.

10/11/2025

20/10/2025

Hope this Tihar brings growth and new opportunities for all.
Happy Tihar from all of us at True North Associates!

22/08/2025

Nepal's commitment to advancing the global sustainable development agenda offers unique transition opportunities for the private sector.

In this perspective article, we highlight emerging sustainability opportunities for businesses in Nepal.

07/08/2025

Our portfolio company Kathmandu Lanco has recently converted into a public limited company and is gearing towards an initial public offering (IPO). We look forward to supporting the company in this next chapter of their growth journey.

Kathmandu Lanco Yurop Shrestha