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UPAYA City Cargo

Nepali Logistic Tech Startup

Upaya City Cargo: A Nepali Logistic Tech Startup Receive 180 Million Investment

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20th June 2021, Kathmandu

Upaya City Cargo, A Nepali Logistic Tech Startup Receive receive Rupees 180 Million Investment

Upaya City Cargo is an online marketplace. It is a marketplace for intra-city logistics that connects individuals and businesses with pickup driver-partners.

It integrates technology to ensure quick and hassle-free delivery of bulk goods within Kathmandu Valley.

Dolma provides capital and expertise to growth companies in Nepal. The fund is designed to generate sustainable private sector employment and stimulate further Foreign Direct Investment into Nepal.

Dolma invests as a strategic partner, sharing risk with entrepreneurs and promoters. As an impact fund, Dolma builds positive social and environmental impact into the core of investee company strategies.

Dolma Impact Fund II signed a Memorandum of Understanding (MoU) with Upaya City Cargo, an online marketplace for intra-city logistics.

According to a statement issued by Dolma Impact Fund, the first international private equity and impact fund dedicated to Nepal, they will invest Rs. 180 million in the two-year-old logistics tech startup.

The two parties signed the MoU on June 16, Wednesday.

The company is in touch with  Dolma regarding the investment for the last 3-4 months.

The  Dolma Fund Management manages two private equity funds for Nepal: Dolma Impact Fund I and Dolma Impact Fund II.

Dolma Impact Fund II started around a month ago after the success of Dolma Impact Fund I.

Dolma Impact Fund I was the pioneer in institutional FDI and environmental and social standards from 2014.

The portfolio of Dolma I includes eCommerce firms, AI ventures, companies in renewable energy and pharmaceutical manufacturing, and medical care.

The investment will help the company to expand its operation in other cities across Nepal with logistics solutions for on-demand delivery of bulk goods as well as e-commerce & agriculture sectors.

Through this investment, Upaya and Dolma aim to create an impactful partnership in the Nepali logistics sector.

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Kumari Bank and Upaya City Cargo to Promote Digital Business

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3rd April 2021, Kathmandu

Kumari Bank Limited has collaborated with Upaya City Cargo Private Limited. The aim of this collaboration is to promote digital business and eliminate cash-based transactions.

The MoU signed in presence of Amir Pratap Rana, Chairman of the Bank’s Board of Directors, Suman Ramazhi, Chairman of Upaya City Cargo, Bishwas Dhakal of F1 Soft International, and Baljit Bohra, Head of SIP Nepal under UK Aid.

Kumari Bank and Upaya City Cargo’s key goal is to make the unexpectedly operated transportation industry more organized. And efficient by training pick-up driver-partners associated with Upaya City Cargo in QR code and digital payment system.

This partnership will change forever Nepal’s normal way of business and transactions.

Kumari Bank will provide facilities to the measures’ driver-partners. As well as additional services such as concessional loans, life insurance, a minimum down payment, and an EMI payment option, as part of this partnership.

Upaya CityCargo App

UPAYA City Cargo Launches Version 3.0

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11th August 2020, Kathmandu

What is Upaya: City Cargo

Upaya: City Cargo is an online marketplace for intra-city logistics. It connects individuals and businesses with their pickup driver-partners. The app integrates technology to ensure quick and hassle-free delivery. Upaya: CityCargo has about 3500 clients and 500+ driver-partners. Upaya: City Cargo provides vehicles like TATA Pickups, Bolero, etc. for the trip-wise and daily-hire basis to its customers.

Features of the App

City Cargo is one of the pioneers of digital logistic service. Their main focus is to make online delivery easier in Nepal.

Some main features of the app are “Automatic connection through the Platform” and “Trip Tracking and Automated VAT Bills”.

The app allows customers to hire vehicles on a trip-wise and daily-hire basis. Furthermore, the drivers will be automatically notified regarding trips/bookings. They will be able to easily view their income details.

The features in the Client App make the booking process easy for customers. Through the app, both drivers and partners can easily work together.

Launch of the VERSION 3.0 App

On 7th August 2020, Upaya: City Cargo launched its new app in a special event.  All founders, board members, investors, and the company’s employees present. Everyone was enthused about the launch of the promising app.

The launch adhered to all precaution measures properly.

The Chairman, Mr. Suman Rayamajhi illuminated the vision and core values of the company. He thanked the employees for their endeavors and encouragement in building the app amidst an ongoing pandemic.

Future Plans

City Cargo’s COO, Mr. Amigo Khadka highlighted the milestones they achieved in the past fiscal year. He also presented a brief ‘road-map’ on how it will work in the days to come. He shared the company’s plans to expand services outside Kathmandu, to 6 hubs (10 major cities) within a year.

City Cargo App

“City Cargo is set to be the logistics backbone of a ‘Digital Nepal’.”, said the company’s Product and Development Head.