History
Companies, products and programmes that closed, were acquired or became part of the record
2020s8
| Entry | Kind | Outcome | Years | Now |
|---|---|---|---|---|
DIGI Nepal Fintech Challenge Twelve-month challenge programme for five finance-sector startups, supported by the Swiss Agency for Development and Cooperation through the DIGI Nepal project. It offered technical assistance, workshops, mentoring and networking, and concluded in 2025. | Programme | Historical | –2025 | — |
OrangeNXT App-based digital-only banking service launched by Laxmi Sunrise Bank on 25 January 2024 with fintech FoneNXT. More than 65,000 customers had opened accounts with deposits of Rs170 million when NRB ordered it suspended in August 2025. | Product | Dormant | 2024–2025 | — |
TechX Acceleration Twelve-month acceleration programme for eight edtech and healthtech ventures run by Accelerator Nepal with SDC funding through the DIGI Nepal project; concluded in 2025. | Programme | Historical | –2025 | — |
Smart Telecom (Smart Cell) Private mobile operator (brand Smart Cell). NTA revoked its licence over unpaid dues in April 2023 and the state took control of its assets; a bank-led auction of pledged assets later won by Ncell Axiata is disputed and under prosecution. | Company | Closed | 2008–2023 | Government of Nepal (via NTA asset management) |
Tootle (original operator and app) Ride-sharing app launched in January 2017. After a hiatus, in September 2023 Zapp Today relaunched the Tootle brand with a new app under new management. | Platform | Dormant | 2017–2023 | Tootle by Zapp (Zapp Today / Zapp Services) |
UTL CDMA fixed-wireless telephone service Basic telephony service of United Telecom Limited using CDMA wireless-local-loop technology with limited mobility. UTL held a CDMA WLL licence from 2002 and was among operators whose licence the NTA annulled in December 2023. | Service | Closed | 2002–2023 | — |
Analogue Mall E-commerce and offline electronics retail chain that began operating in Nepal in November 2020 as a subsidiary of Analogue Inc; GadgetByte Nepal reported on 3 August 2022 that it had ceased operations and its website and stores were not operating. | Company | Closed | 2020–2022 | — |
Nepalnews.com Described as Nepal's first online news portal, started in 1998. Its parent Mercantile Communications announced a shutdown in January 2015; the portal was later bought by Yeti Group subsidiary Nepal News Private Limited, relaunched, and shut again in May 2020. | Platform | Closed | 1998–2020 | — |
2010s1
| Entry | Kind | Outcome | Years |
|---|---|---|---|
Harilo Reshipping/e-commerce website that let people in Nepal buy goods from US retailers and have them delivered to Nepal. It stopped taking orders in August 2016 and, per TechLekh's August 2017 update, had not resumed. | Platform | Closed | –2016 |
Date not recorded3
| Entry | Kind | Outcome | Years |
|---|---|---|---|
Government business incubation programme (first phase) Government programme supporting young and prospective entrepreneurs through business incubation, run for five years from fiscal year 2006/07. It was discontinued for seven years and restored in 2019 under the Department of Cottage and Small Industries. | Programme | Dormant | 2006– |
Rs 1 billion startup promotion fund (2021-22 budget) Startup promotion fund of Rs 1 billion provisioned in Nepal's 2021-22 budget, with a credit procedure meant to provide seed capital. The finance minister later said it could not be implemented because the government changed. | Fund | Dormant | — |
Sroth Code Games Nepali game studio that attempted an open-world PC/mobile game, Chronicles of the Himalayas; described in October 2020 as "now-defunct". | Company | Closed | — |