Inaara, an impact investment concern, based out of Lahore, Pakistan, is adding a new company to its portfolio – Jaan Pak Enterprises Private Limited.
Jaan Pak is a clean energy initiative, founded in 2014, and recipient of various local and international accolades since then. Jaan Pak won the Rwanga Social Startup Competition in October 2014, bringing home USD 20,000 to kick start operations.
More recently, Jaan Pak was a finalist in the UNIDO Global Cleantech Innovation Program, Winner of the Shell Tameer Bright Energy Ideas Award, and again the only Pakistani company to date to win USD 100,000 at the Innovation Impact Dubai Expo Live program.
“Inaara Impact Ventures is focused on achieving the Sustainable Development Goals for Pakistan. Clean Cook Stove models from Jaan Pakistan are key enablers of ‘Good Health’ and ‘Climate Action’. The product we have invested in will significantly reduce fuel consumption, minimize respiratory illnesses and curtail carbon emissions. This translates into financial savings for marginalized communities while reducing the burden on Pakistan’s dwindling forest cover.”, Sadia Malik, CEO, Inaara Impact Venture.
https://www.techjuice.pk/inaara-impact-ventures-invests-in-jaan-pak-in-a-revenue-sharing-model/