With the country’s capital, Kathmandua, under lockdown for a two-week period and a new government in place, there are more than 50 companies looking to get involved with the nascent e-commerce industry.
In a region of over 200 million, Nepal has more than 80 online retail outlets.
While the country still has not fully recovered from the 2011 earthquake, a string of startups are taking the initiative and bringing products and services to market.
In 2017, a company called Largest Shop launched an e-wallet to facilitate transactions with the government, but they are now expanding their services to include e-tailers.
With a population of over 7 million, Kathmau has been dubbed the ‘Internet capital of Nepal’ and boasts a vibrant online retail scene, with companies such as Kambak and Myspace catering to the needs of the urban middle class.
While the country remains relatively rural, the urban areas are booming, with Kathmanduo becoming the hub for the country.
With a population density of less than 6,000 people per square kilometre, it is no surprise that many of the most popular retail chains have opened their doors to Nepal.
In 2018, Kathunemar opened its first e-store in Kathali, an upscale shopping centre in the heart of Kathmandau.
The store has since become the hub of a new e-retailer in the area.
While many of Nepal’s e-tech companies are based in Kathundu, they have also launched in other regions, including Kambakhali, Karimganj and Pune.
There is a thriving e-migration industry, with several e-sales companies offering online e-wallets to Nepalis wanting to move abroad.
The region’s economy has been growing at an average of 8.6 percent a year, but it is still one of the poorest in the world.