Nepal-based investment company NIBL Equity Partners has acquired a 28.8% interest in Himalayan Java Coffee, a speciality coffee company in Nepal, as reported by The Himalayan Times.

The financial details of the transaction have not been disclosed.

The investment will facilitate the company's growth within Nepal and the broader South Asian market.

The focus will be on enhancing global outreach, increasing regional exports and launching additional outlets in Nepal.

NIBL Equity Partners operates as the private equity arm of NIMB Ace Capital, one of the largest banking and capital market entities in the country and a subsidiary of Nepal Investment Mega Bank.

NIMB Ace Capital CEO Shivanth Bahadur Pande indicated that this collaboration aims to elevate Himalayan Java's profile on the international stage.

Anand Gurung, the founder of Himalayan Java Coffee, stated that the partnership will aid in expanding the brand's presence globally while also fostering growth within the local market and supporting community initiatives.

Himalayan Java Coffee has been in operation since 1999, focusing on the promotion of Nepali coffee and the introduction of coffee concepts such as Specialty Coffee, Third Wave Coffee and Sustainable Coffee in the region, according to the company website.

The company currently manages more than 70 outlets and has developed a digital platform with 23,000 app downloads.