Sarmayacar (Grant)
Funding Details
- Awarder
- RSS - www.bing.com
- Date Award
- June 10, 2025
- Vertical
- Climate Finance
- Funding URL
- View Funding Page
- Funding Amount:
- $50,000,000
Company Info
- Traction
- 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.
- Market
- Climate-Tech Startups
- Location
- Karachi, Pakistan