Recently, we have observed that Bikram Prajapati, an alumnus from Rockstart Impact II is both excited and nervous at the same time and there’s a solid reason behind this development. On August 18, 2016 Bikram Prajapati on behalf of his company – Bajra Brick and Tile Industires- signed the term sheet with Nepal Impact Investment Club (NIIC). Yes, his company is the first one from the batch to have bagged an investment. “I’m taking my dream and vision to a whole new level and I have to say my faith in my company has amplified”, shared Bikram as he soaked in the reality of the whole process.
Bajra Brick & Tile Industries produces new age bricks and tiles that are on average 40% stronger and 20% cheaper than the traditional bricks. These products are both earthquake resistant and anti-pollution. The company met all the requirements of Rockstart Impact program – it had an ambitious entrepreneur with viable and scalable business seeking for an investment for his business.
When we first met Bikram, Bajra Brick & Tile Industries was a company with a solid business model but the sales depended purely on his networks. Only his regular customers knew about the product and the company could hardly meet the competitive demands of the market. With investment coming in he plans to establish at least two new factories and hopefully more across the country in the next five years. He plans to use the investment in increasing the production alongside aggressive marketing.
Bikram is confident about the products manufactured by Bajra Brick and Tile Industries. With NIIC’s investment he plans to reach out to more customers and gear up for the market competition. He believes that five years from now people will remember his company and quality construction synonymously.
“The 100-day program by Rockstart Impact helped us judge our products and determine their market-fit. The program helped us polish our financial model and gave us enough confidence to pitch our business to a big mass of investors” said Bikram when asked about his growth after joining Rockstart Impact.
The Nepal Impact Investment Club (NIIC) – a fund by One to Watch consists of enthusiastic investors dedicated to making serious social impact and serious profits in Nepal. Apart from investing in Nepali SMEs, most members of the NIIC are actively involved as ambassadors and coaches for the companies in the portfolio of the club. It thrives by making investments comfortable and safe for international investors while sharing overhead risks. Based on first-hand experience in the Nepali market and the promising portfolio companies, the founding members of the NIIC have proven that impact investments can work in Nepal.
We have more investment deals in the pipeline as all Rockstart Impact II companies have been connected to an investor network that includes over 200+ local and international investors. 20 companies have found direct access to funding and a pool of international investors through our program so far.
We’ve been running the program annually since 2014, assembled an extensive mentor and partner network and developed a format that strengthens the entrepreneurs’ capabilities and vision to grow their business. If your company is focused on making profit and an impact in the society through entrepreneurship, Rockstart Impact is the right partner to take the leap.