IME Group, a large business group in Nepal, has also entered the e-commerce business. By investing in the online shopping platform Sastodeal, the group has ventured into the field of online shopping.
IME Group has invested heavily in Sastodeal, which has emerged as one of the leading online shopping platforms in Nepal. The company has received investment from the Group under the Sastodeal fundraising program.
Hemraj Dhakal, Managing Director of IME Group, said that Sastodeal has recently one of the most popular startups in Nepal, and the Group is keen to cooperate with such a startup. He said the collaboration with Sastodeal is also expected to have a significant impact on the Group’s portfolio.
The exact amount of investment on Sastodeal has not yet been informed to the public.
He said, “The cooperation of IME Group in Sastodeal’s development plan will be important for us. The group’s infrastructure, brand, and presence across the country will also be very good for Sastodeal. ‘
He said such investment would help bring a new dimension to Nepal’s e-commerce ecosystem. He also mentioned that the investment of the group has encouraged Sastodeal to work in various businesses in the country and abroad.