The project was initially backed by the United Nations’s Green Climate Fund but faced challenges in securing a fund manager and institutional venture capital commitment.
Organizations Involved
United Nations Green Climate Fund, National Rural Support Program
Founders
Rabeel Warraich
Company Description
Sarmayacar is a firm that was initially involved in a $50 million project aimed at financing climate-tech startups in Pakistan. The firm was set to manage a fund that would distribute capital to scaling climate-tech startups but faced a collapse of partnership before implementation.