Inaara Impression Ventures, led by Sadia Malik, has invested an undisclosed quantity in Jaan Pak to launch Jaan Pak’s flagship product, the Supreme Range, in Azad Jammu Kashmir this yr.
Inaara, an affect funding concern, based mostly out of Lahore, Pakistan, is including a brand new firm to its portfolio – Jaan Pak Enterprises Non-public Restricted.
Jaan Pak is a clear power initiative, based in 2014, and recipient of varied native and worldwide accolades since then. Jaan Pak received the Rwanga Social Startup Competitors in October 2014, bringing dwelling USD 20,000 to kick begin operations.
Extra just lately, Jaan Pak was a finalist within the UNIDO World Cleantech Innovation Program, Winner of the Shell Tameer Brilliant Power Concepts Award, and once more the one Pakistani firm up to now to win USD 100,000 on the Innovation Impression Dubai Expo Reside program.
“Inaara Impression Ventures is targeted on reaching the Sustainable Growth Objectives for Pakistan. Clear Cook dinner Range fashions from Jaan Pakistan are key enablers of ‘Good Well being’ and ‘Local weather Motion’. The product we’ve got invested in will considerably cut back gas consumption, decrease respiratory diseases and curtail carbon emissions. This interprets into monetary financial savings for marginalized communities whereas lowering the burden on Pakistan’s dwindling forest cowl.”, Sadia Malik, CEO, Inaara Impression Enterprise.
Inaara believes within the energy of fresh cooking options, and after briefly exploring the concept of importing and promoting international manufacturers, determined it was greatest to associate with an area firm, that understands the top buyer greatest; an organization that has painstakingly developed a minimal viable product that off-grid communities truly suppose they will purchase and profit from.
“We’re lucky to learn from the gradual however sure progress of the social affect area in Pakistan. So far as we all know, Inaara is likely to be the one participant providing debt and income sharing phrases to early stage startups, that aren’t fairly prepared for large-scale fairness offers” – Khizr Imran Tajammul, Founder/CEO, Jaan Pak
Inaara and Jaan Pak are primarily partnering to discover power wants throughout off-grid Azad Jammu Kashmir, and based mostly on the success of their first pilot collectively, plan to increase their work to new geographies throughout Pakistan.
In line with the World Well being Group, four.three million people perish to deadly respiratory diseases annually, together with over 100,000 lives in Pakistan alone. It’s now established that inefficient cooking, over an open fireplace, is on the root of this quantity.
If Jaan Pak and Inaara reach making the Supreme Range normal for off-grid cooking, they may save 1000’s of moms and youngsters from deadly respiratory diseases. Not solely that, Jaan Pak’s gas environment friendly know-how can even deal with the difficulty of speedy deforestation: the place Pakistan is shedding 47,000 hectares of forest cowl yearly. Jaan Pak was part of Invest2Innovate, a startup acceleration program, as nicely.
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