Tenth Square Ventures is an investment group built on a simple rule: understand a business whole — its numbers, its industry, its people — before owning a piece of it. Three desks carry that discipline: valuation, investment, and research.
Tenth Square Ventures does two things. It invests the group's own capital — in Nepal's listed market, and in opportunities beyond it — and it publishes valuation and research on NEPSE-listed companies.
The investing is private; the published work is public. Both run on the same discipline: understand the business whole before forming a view.
Each division of the group does one job, and does it in the open — every number shown, every assumption stated.
What is it actually worth?
Intrinsic-value appraisal of NEPSE-listed companies, with the model fitted to the business — never the other way around.
Own it with patience.
The group's own capital, invested for the long term in businesses the desk understands and has valued itself.
Depth is the edge.
Deep-dive research on Nepal's sectors and listed companies — grounded in the filings, and going wherever the question leads.
Ten squared is a hundred. The name is a promise about completeness — do the whole work, to the last percent, before an opinion is offered. It is why the research desk reads entire filings rather than summaries, and why every valuation ships with its assumptions attached.
The group began as a private valuation desk for Nepal's stock market and grew into three connected practices. They share one platform, one standard of evidence, and one temperament: patient, skeptical, and numerate.
The statements are where the work starts, not where it ends. We study the industry, the competition and the company's place in it before forming a view.
A valuation is an argument, not an oracle. Ours show their inputs, their sensitivities, and the range of outcomes around the point estimate.
Compounding rewards the investor who can wait. We hold cash without apology and act only when price and value disagree.
For enquiries about the group or any of its divisions:
dropmail@tenthsquareventures.comKathmandu, Nepal