NIBL Equity Partners Invests NPR 100M in Nepali Animated Film Lost in Mandala
4th September 2026, Kathmandu
NIBL Equity Partners has signed a term sheet with Incessant Rain Studios to invest up to NPR 100 million in Lost in Mandala, an original animated fantasy feature directed by Kiran Bhakta Joshi.
Featuring screenplay contributions from Hollywood writer Zack Stentz, this landmark partnership aims to boost Nepal’s animation industry and bring Himalayan-inspired storytelling to global audiences.
NIBL Equity Partners Invests NPR 100M
NIBL Equity Partners, managed by NIMB Ace Capital Limited, and Incessant Rain Studios have signed a term sheet for an investment in Lost In Mandala, an original animated feature film being developed and produced in Nepal for global audiences. The investment will support the film’s production and related project activities in Nepal.
Established to co-produce Lost In Mandala, Incessant Rain Studios is developing the project together with Lost in Mandala LLC. Through the proposed transaction, NIBL Equity Partners intends to invest up to NPR 100 million with Incessant Rain Studios, subject to completion of definitive agreements and applicable conditions.
“This partnership is intended to boost Nepal’s animation industry and put Nepali animation on the world map. It also focuses on the importance of supporting original intellectual property with strong global potential. Lost In Mandala represents the kind of ambitious, locally rooted project that can benefit from structured local support as it moves toward production,” said Shivanth B. Pandé, CEO of NIMB Ace Capital Limited.
Previously, NIMB Ace Capital has supported the project’s journey by facilitating fundraising initiatives and presenting Lost In Mandala to investors and guests through an exclusive showcase event at QFX Cinemas.
Lost In Mandala is an animated fantasy adventure created and directed by Kiran Bhakta Joshi, inspired by the spiritual traditions, mythology, and breathtaking landscapes of the Himalayas. Created with a vision to share Nepal’s stories with the world, the film explores themes of belonging, friendship, compassion, and self-discovery through a globally crafted animation experience. The screenplay features contributions from Zack Stentz (Thor, X-Men: First Class, Netflix’s Jurassic World: Camp Cretaceous), and the film is produced by Deepa Chipalu Joshi.
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With this partnership, NIBL Equity Partners and Myth Terra Pvt. Ltd. aim to support the continued development of Lost In Mandala as it moves toward production and its goal of reaching audiences worldwide.
About the Film
A twelve-year-old girl raised by Buddhist nuns in a remote Himalayan monastery and her friends are swept into a mysterious parallel world, where she must harness the power of love and compassion to overcome a sinister dark force and save both worlds.
About NIBL Equity Partners
NIBL Equity Partners is the private equity initiative of NIMB Ace Capital, and a subsidiary of Nepal Investment Mega Bank Limited. NIBL Equity Partners has been providing catalytic guidance to Nepal’s most promising growth-stage companies, guiding them towards operational excellence, sustainable value creation, and helping build an interconnected and synergistic business ecosystem.
About Incessant Rain Studios
Incessant Rain Studios is an award-winning animation, visual effects, and game development studio, recognized for helping establish and shape Nepal’s animation and VFX industry. Founded with the vision of bringing world-class storytelling and digital artistry to the global market, the studio quickly earned international recognition through collaborations with leading Hollywood studios and global clients. Today, Incessant Rain develops original films and games while continuing to provide high-end animation, visual effects, and creative production services for both international and regional partners.
For more: NIBL Equity Partners Invests NPR 100M
