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Insights

Letters, theses and operating notes.

Occasional long-form writing from the Chairman and the investment team on how we think about capital, the corridor between Nepal and Korea, and building businesses that last.

Lead essay · Thesis

The Nepal–Korea corridor, and why we keep building in it

A decade in one corridor has taught us that depth beats breadth. Here is how we think about the opportunity between Kathmandu and Seoul.

Ganesh Sharma7 min
Philosophy
6 min read

Patient capital in a frontier market

Without a fund clock, a holding company can make decisions venture investors cannot. That freedom comes with obligations.

Operating Notes
5 min read

What an education business teaches you about trust

When a family hands you their child's future, there is no such thing as a small mistake. Lessons from a decade of student counselling.

Thesis
6 min read

Building the digital rails for Nepali enterprise

The biggest technology opportunity in Nepal is not the next consumer app. It is the unglamorous software that lets real businesses run properly.