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Nepalese Entrepreneurs in Forbes magazine

In the context of Nepal, many youth are migrating for searching jobs. They go abroad for better future and quality of life. They ignore the possibilities of being success in Nepal. They blame that instability and insecurity is everywhere in Nepal and not having bright future in Nepal. They do any kind of hard work in abroad but in Nepal they cannot doing any work which stumbling their self respect. Nowadays, youth are more educated and they do any type of work differently that makes them innovative and more successful. They grab the opportunity under the dark sky and show their success stories in below the candle light. They have proved that there are always hidden opportunities in every challenging and critical condition, if we have strong will power and hungry to do any creative work.

“You have to see failure as the beginning and the middle, but never entertain it as an end.” 

Jessica Herrin, Founder and CEO of Stella & Dot

Starting your business is like planting a sapling. First, you have to invest your time and money. Then, you must take care of it while expecting nothing in return. But when your startup blossoms, it makes all the patience and hard work worthwhile.

However, like saplings, many startups fail to grow and many die one-to-three years after launch. While there are many factors leading to the failure of a startup, one of the main reasons is the lack of expert startup advice founders receive.

Here is the list of Nepalese entrepreneur who failed many times but they never give up and achieve their goals and finally they registered their name in world renowned magazine Forbes.

Binod Chaudhary, Chaudhary Group

When it comes to an entrepreneur in Nepal, Binod Chaudhary name stands in rank one. He is the first Nepalese to be listed in Forbes magazine as Nepal’s first billionaire. Born on 14 April 1955, he is the chairman of Chaudhary Group that has nearly 80 companies. Chaudhary Group product Wai Wai noodles are the most successful product that produces more than a billion packets annually and expanded over 35 countries. He has also a massive investment in other sectors like banking, cement, real estate, hotels, electronics and home appliances, education, energy, retail etc. He has also founded Chaudhary foundation that has been contributing in the field of education, health, sports and youth empowerment.

Rohit Tiwari, Foodmario

At the age of 29, Rohit Tiwari registered his name in the world renowed magazine Forbes title 30 under 30 (Asia) in 2020. He is one of the founders of FoodMario, an online food delivery company. FoodMario has been delivering home-cooked food rather than from hotels and restaurants. The company is delivering the food that is made by students and housewives that are made at home. To date, Foodmario says it delivered more than 100,000 meals while working with more than 100 home chefs.

Nikita Acharya and Kiran Timsina, Urban Girl

Nikita and Kiran founded Urban Girl in 2012 with an initial investment of US $200. Urban Girl has been selling Fashion jewelry, t-shirts, water bottles, and makeup items. Currently, about 50 people have got a job at the company. It has also expanded its business in Pokhara. They have an online shop portal called UGbazaar. Since 2016, Urban Girl has also been selling bakery products and other items online through the portal called UG Cakes. UG Cakes trains and hires deaf women for the bakery in collaboration with Nepal’s Gandaki Deaf Association.

Shubhangi Rana and Jesselina Rana, Pad2Go

By profession,  Shubhangi is an engineer and Jesselina is a lawyer. They founded ‘Pad to Go’ in 2018 and they registered their name in the world renowned magazine Forbes in the title 30 under 30 (Asia) in 2020. Pad to Go is a not-for-profit social business organization that works to raise awareness against menstrual health and the doctrinal traditions associated with it. The foundation has now established about 80 sanitary pad vending machines in 5 provinces of Nepal. Such machines are put up in organizations including hospitals, schools, and theaters. It can provide sanitary pads to up to 200 women. Pad to Go also won the first prize in the ‘AGUASAN Workshop’  held in Switzerland and second prize in Singapore at the startup pitch contest for Asian women-led businesses organized by INSEAD and Facebook.

Aashish Acharya and Sabin Bhandari, Threadpaints

Aashish and Sabin are the co-founders of Threadpaints – an online apparel store founded in 2012. Now in their mid-20’s, the story of these engineers that tried their hand at engineering fashion is nothing sort of inspiring. As a college startup, they have gone through everything normal college startups in Nepal go through and thrived starting with mere thousands, getting overly ambitious, sinking into a debt, failing exams, making mistakes and what not. Acharya and Bhandari are a testament to the fact that, for people with passion and zeal, college days are the best days to venture out onto something of your own, even in a country like Nepal.

Aashish and Sabin were recognized under Retail and Ecommerce category by 30 under 30 Asia 2017 by Forbes magazines.

Surya Karki, Diyalo Foundation

Surya Karki is the co-founder of Diyalo Foundation. The foundation has touched lives of several thousand people in rural Nepal with education, agriculture and energy. A believer in education and sustainable development, Karki’s willingness to reach out to thousands of Nepalese with quality education took shape because of efforts he made. While many people have faced problems and thought about solving problems, getting into action and making things happen is what separates Karki from the rest of the block. The 26 year old’s story of materializing his dream shows the importance of execution as opposed to simply pondering about ideas.

Surya was recognized by 30 Under 30 Asia 2017 under the Social Entrepreneurship Category by world renowned magazine Forbes.

Conclusion 

“Poor by the country not by the talent”. Most of the Nepalese are entrepreneurs. They do something for their own and nation. Many entrepreneurs give up because they cannot manage finance and social support. For attracting new entrepreneur, it is the responsibility of government to make entrepreneur friendly policies, and for success not-for-profit organization who was working in the field of upgrading entrepreneur skills provide mentorship to the new entrepreneurs. 

References

Pun, N (2016). The Startup Story: In Conversation with Nikita Acharya From ‘Urban Girl’. Retrieved From http://neostuffs.com/2016/08/startup-story-conversation-nikita-acharya-urban-girl/

https://www.forbes.com/profile/rohit-tiwari/

https://www.nepalitelecom.com/six-nepali-in-forbes-30-under-30-asia-2020-list

http://startupsnepal.com/stories/entry/nepalese-entrepreneurs-who-made-it-to-forbes-asia-30-under-30

Scholar Nepal is a Digital Journal to encourage reading, researching and writing culture in Nepal.