Upaya Secures NPR 28 crores [USD 2 million] to Transform Logistics Across Nepal

Upaya, Nepal’s pioneering logistics company enabled by technology, has announced the successful close of its NPR 28 crores [USD 2 million] from Dolma Impact Fund II.

The funding marks a major milestone in Upaya’s journey to make logistics across Nepal faster, more efficient, and more inclusive. Further, Upaya is in the process of closing this round privately with an additional investment of NPR 27 crores as Quarterback Round II from its friends, acquaintances, and family circle, making a total fund closure of NPR 55 crores.

Founded in 2019 with the vision of connecting businesses, drivers, and customers through a seamless digital platform, Upaya has grown from a small Kathmandu-based startup into a national leader in on-demand, enterprise, and intercity logistics solutions, along with door-to-door fulfillment and third-party logistics (3PL) warehousing services. Today, it powers deliveries for thousands of businesses and supports a growing network of logistics solutions across Nepal.

To date, Upaya has raised over NPR 200 crores in funding. Including this round, Dolma Impact Fund II (whose investors include FMO, BII, SwedFund, IFC, DFC, and JICA) has invested NPR 71 crores and has been Upaya’s most significant and consistent funding partner, playing a key role in its growth trajectory.

“This fundraise is not just about capital—it’s about making a footprint to consolidate the entire ecosystem ranging from Rides/Food/Goods and Commerce and unlocking opportunities for businesses and livelihoods for many,” said Suman Rayamajhi, Managing Director & Co-founder of Upaya. “With this investment, we’re ready to scale our platform, consolidate the ecosystem, transfer innovative services to regional markets like Sri Lanka and Bhutan, and set a new benchmark and hope for all the upcoming startups in Nepal.”

The new funding will be used to accelerate technology enhancement, including an AI-driven logistics platform to improve customer experience, the expansion of 200 support hubs/branches across Nepal for greater efficiency and network, and for equity participation in the 3PL warehousing project.

Tim Gocher OBE, the founder and CEO at Dolma Fund Management (Dolma Impact Fund II’s manager), commented: “Upaya is not just solving a logistics problem—it’s building the infrastructure for more efficient and sustainable logistics networks to grow across Nepal. Their strong execution, deep local knowledge, and scalable technology make them an ideal partner for creating long-term impact.”

Co-founder/Director of Upaya, Mr. Ranjeev Shrestha, said: “From our early growth stages to our latest expansion, Dolma’s trust, capital, and strategic guidance have been instrumental in turning our vision into reality. Their belief, together with other investors, in our mission to transform logistics in Nepal and beyond has given us the confidence and resources to scale faster, serve better, and innovate boldly.”

About Upaya: Revolutionizing Logistics

Upaya is a leading full-stack logistics company leveraging technology to cater to a diverse range of intra- and inter-city transport needs, alongside comprehensive fulfillment and warehousing services. Its integrated logistics solutions span the entire supply chain—from transporting goods to storage, fulfillment, city-to-city transport, and last-mile delivery to consumers.

Upaya’s strengths lie in its extensive network of driver-partners, wide delivery coverage across Nepal, robust infrastructure for demand-supply consolidation, and cutting-edge technology platforms for efficient logistics management. With the investment from Dolma Impact Fund II, Upaya upholds rigorous ESG (Environment, Social, and Governance) compliance, pioneering collaborative impact initiatives within the logistics industry for sustainable growth.

Upaya’s technology-driven approach manages logistics seamlessly from pick-up to end delivery (first-mid-last mile), utilizing a market aggregation platform that includes 2-wheelers, 4-wheelers, and large trucks.

The company’s infrastructure includes Digital Transport Nagar (5 ropanis of land) for mid-mile deliveries at Sanobharyang, Kathmandu, and an expansive 18,000+ sq. ft. fulfillment center at Pepsicola, Kathmandu, with 7 regional offices and 55+ support hubs throughout the country, along with 350+ drop-off locations ensuring efficient and timely delivery of goods.

Upaya is soon starting construction of a third-party logistics (3PL) warehousing project—the first of its kind in Nepal—on about 19 ropanis of land (almost 100,000 sq. ft.) at Sanga, Kavrepalanchowk, on the company’s own land. Upaya has partnered with Alliance Finance Corporation, Sri Lanka, to carry out the on-demand and enterprise logistics platform “Delivered” across Colombo Districts in Sri Lanka.