Swivt Nepal Launches Series A Fundraising For $2M, Prepares for Future IPO | Career Development Leader in IT Sector

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28 August 2024, Kathmandu

Swivt Nepal, a pioneering Career Exploration & Development Platform with seven years of groundbreaking success, today announces the launch of its Series A fundraising campaign.

Swivt Nepal Series A Fundraising

Following an impressive financial trajectory, with $1 million in revenue for 2022 and 2023, Swivt Nepal is now targeting a total fund of USD 2 million for 20% equity in the company.

This marks a significant step in the company’s journey as it prepares to go public with an Initial Public Offering (IPO) in the coming years.

Swivt has established itself as a leader in the IT sector, empowering thousands of professionals to explore, develop, and enhance their careers through innovative solutions. With nearly a decade of experience, Swivt has successfully harnessed the potential of the IT industry in Nepal and beyond, delivering top-tier expertise, intelligence, and innovation to the market.
Invitation to Investors

Swivt is inviting Angel Investors, Venture Capitalists (VCs), and Investment Firms to participate in this Series A round and support the company’s mission to revolutionize the IT sector. The funds raised will be utilized to scale operations, expand market reach, and further enhance the platform’s offerings, positioning Swivt for exponential growth and long-term success.

“Our vision is to continue driving innovation in the IT industry while empowering professionals to reach their full potential,” said Subash Shahi, Founder & CEO of Swivt Technologies Pvt.Ltd . “With the support of our investors, we aim to accelerate our growth and solidify our position as a leader in the market. The Series A funding will not only fuel our expansion but also lay the groundwork for our future IPO, marking a new chapter in our company’s history.”

About Swivt Nepal

Founded in 2017, Swivt Nepal has become a trusted name in career development, providing professionals with the tools, resources, and guidance needed to thrive in the rapidly evolving IT landscape. The platform offers a comprehensive suite of services, including career counseling, skill development programs, job placement assistance, and continuous professional development opportunities.

With a proven track record of success and a strong commitment to innovation, Swivt Nepal is poised to make a significant impact on the global IT industry. The company’s dedication to excellence has been recognized with numerous accolades, and its revenue growth is a testament to its effective business model and strategic vision.

The timeline for Swivt’s Series A fundraising campaign and subsequent IPO preparations could follow a structure like this:

Series A Fundraising Campaign

Announcement and Launch: 15th August 2024

Investor Outreach: Immediate Begin reaching out to potential investors, including Angel Investors, VCs, and Investment Firms.

Investor Meetings and Pitches: [Next 1-3 months] – Schedule and conduct meetings, presentations, and negotiations with interested parties.

Fundraising Goal: Reach the $2M target by [ within 6 months ].

Finalization of Investments : [6-7 months from launch] Finalize and close the investment deals.

2. Post-Fundraising Phase

Scaling Operations and Market Expansion: [6-12 months post-fundraising] Utilize the raised funds to scale the company’s operations, enhance platform features, and expand market presence.

Key Hires and Team Expansion: [6-12 months post-fundraising] Recruit talent to support the company’s growth objectives.

3. IPO Preparations

Initial IPO Planning and Compliance: [12-24 months post-fundraising] Begin preparations for IPO, including auditing, regulatory compliance, and working with financial advisors.

Strengthening Market Position: [24–36 months post-fundraising] Continue to grow revenue, expand market share, and refine the business model to enhance valuation.

IPO Roadshow and Finalization: [3–4 years post-fundraising] Conduct roadshows to attract institutional investors and finalize preparations for IPO.

IPO Launch: [4-5 years post-fundraising] Target the IPO launch depending on market conditions and company readiness.