History
Companies, products and programmes that closed, were acquired or became part of the record
2020s13
| Entry | Kind | Outcome | Years | Now |
|---|---|---|---|---|
Adex International Cloud, AWS consulting and DevOps services startup founded 2020 by Saurabh Subedi and Projwal Sharma (operations began mid-2022); acquired in August 2025 by US firm TechBay Digital at a reported valuation of USD 2.4 million. | Company | Acquired | 2020–2025 | TechBay Digital (US) |
IME Pay Licensed digital wallet of the IME group. NRB approved its merger with Khalti in June 2025; the merged company is IME Khalti Limited and the unified app retains the Khalti brand, so the IME Pay brand is retired. | Product | Merged | –2025 | Khalti |
GME Remit Remittance company that merged with IME Remit; the combined entity began integrated operations on 14 Aug 2024 and NRB lists it as IME Limited (after acquiring GME Remit Pvt Ltd). | Company | Merged | –2024 | IME Limited |
Laxmi Capital Market Merchant bank that merged with Sunrise Capital to form Laxmi Sunrise Capital Limited (LS Capital), which started unified operations in January 2024. Merger agreement signed 18 Ashoj 2080 BS. | Company | Merged | –2024 | Laxmi Sunrise Capital Limited (LS Capital) |
Nepal Electronic Payment Systems (NEPS) Payment system operator providing card switch infrastructure; acquired by Nepal Clearing House Limited in 2024 on a 1:0.28 share swap, with joint operations following. | Company | Acquired | –2024 | Nepal Clearing House |
Sastodeal Nepali e-commerce marketplace that went offline after financial and commercial difficulties; IME Group bought a majority of shares in July 2024 with a stated plan to rebrand and relaunch it. | Platform | Acquired | 2011–2024 | IME Group |
Sunrise Capital Merchant bank that merged with Laxmi Capital Market to form Laxmi Sunrise Capital Limited (LS Capital), which started unified operations in January 2024. | Company | Merged | –2024 | Laxmi Sunrise Capital Limited (LS Capital) |
Pumori core banking division (Mercantile Office Systems) Core banking software division (Pumori) of Mercantile Office Systems, merged into InfoDevelopers Pvt. Ltd., which became InfoDevelopers MOS Pvt. Ltd. | Product | Merged | –2023 | InfoDevelopers MOS |
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) |
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 | — |
Prabhu TV Wireless digital terrestrial TV service (DVB-T2) of Prabhu Group, launched 17 June 2018 and later also offering fibre internet. Merged into DishHome in 2021; TV and internet are served under the DishHome brand. | Service | Merged | 2018–2021 | Dish Media Network |
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 | — |
2010s4
| Entry | Kind | Outcome | Years | Now |
|---|---|---|---|---|
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 | — |
WorldLink Technologies Kathmandu software/IT services company serving government, public-sector and BFSI customers. Acquired by Atlanta-based Software Paradigms International (SPI) in May 2011 and combined into a new organisation named SPI Nepal. | Company | Acquired | –2011 | SPI Nepal (Software Paradigms International Group LLC) |
Dish Nepal One of two DTH providers (with Home TV) whose merger in 2010 created the DishHome direct-to-home TV service operated by Dish Media Network Ltd. | Service | Merged | –2010 | Dish Media Network |
Home TV One of two DTH providers (with Dish Nepal) whose merger in 2010 created the DishHome direct-to-home TV service operated by Dish Media Network Ltd. | Service | Merged | –2010 | Dish Media Network |
Date not recorded6
| Entry | Kind | Outcome | Years |
|---|---|---|---|
Daraz Pakistan-based e-commerce company operating in Nepal among other markets; acquired by Alibaba Group in May 2018. | Company | Acquired | — |
Daraz Nepal Online marketplace operating in Nepal; started as Kyamu in 2013 and acquired by Alibaba Group in 2018. Announced layoffs in Nepal on 27 February 2024. | Company | Acquired | 2013– |
EkGhanti Services Offers omnichannel telephony and call-centre solutions and missed-call banking services. Swift Technology, a fintech subsidiary of IME Group, bought a majority stake for an undisclosed sum (announced 31 March 2022). | Company | Acquired | 2017– |
Hamrobazar Free online classified portal for buying and selling goods, launched by Prabal Saakha with Pranav Shrestha and Pranay Shrestha. Acquired by MNS Investments in 2021, with Rohit Tiwari named CEO. | Company | Acquired | — |
Naamche AI/ML and software development company acquired by Nasdaq-listed reAlpha Tech Corp. | Company | Acquired | — |
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 | — |