If you fulfill all the following conditions, you are eligible to apply:
- You are a woman who owns and runs her own business. The business can be in any sector and operational anywhere in Pakistan.
- Women-led and managed business that have been operational for at least 3 years and are looking to scale-up. An operational history of less than 3 years may be considered if the business has earned a revenue of PKR 7.5 million in the last 12 months of its operations.
- You are a Pakistani citizen
- Your business has an National Tax Number (NTN)
Through Women Ventures, Karandaaz is only inviting established women-led businesses which already have a revenue stream and are looking for funding and support to scale up their business. If you are a pre-revenue start-up, you are not eligible to apply in this program.
Karandaaz funding can be used in your existing business to scale it up or add new business lines. It cannot be used to start a new company or a separate business.
If you have a question or complaint related to Women Ventures, please email Womenventures@karandaaz.com.pk.
You only need to fill out the online application form. If you are shortlisted, we will ask for documents related to your business, such as corporate registration documents, tax registration certificates, financial statements and any other key documents needed.
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The selected businesses will:
- Undergo a business plan development activity. Karandaaz will engage experts to help you develop your business plan (a fund utilization plan) and assess how much funding you need. This will be used to help you prepare for your investment pitch to Karandaaz.
- Have access to advisory in key areas of business development. Areas of support will be identified mutually by the selected business and Karandaaz team.
- After completing the above, businesses will be eligible to make an investment pitch to Karandaaz for up to Rs. 35 million (Rs. 3.5 crore) per business.
Karandaaz will negotiate an investment deal with the selected businesses. Our investment instrument is a sub commercial convertible debt, or quasi equity in the business. The terms and conditions of the investment will be negotiated after selection. Business development support provided by Karandaaz to selected businesses is a free of charge service and a mandatory condition for eligibility.
Karandaaz intends to provide patient capital to the women-led businesses that are selected. The patient capital will be in the form of convertible debt or quasi-equity. Our aim in providing such capital is not to seek commercial financial returns but to grow the business. Compared to commercial investors, we have a higher risk tolerance and longer investment horizons. However, these funds are not grants and high level of professional integrity and business discipline is expected from selected businesses.
Karandaaz will select businesses and inform them via email. Applicants which are not selected will also be informed via email. To remain updated about the program, you can follow our Facebook page or visit wv.karandaaz.com.pk
If selected, you will commit to:
- Participating in all components of the program, including a business assessment, business advisory support and investment pitching.
- Being open to negotiating an investment deal with Karandaaz. You will have the right to accept or reject the investment offer made by Karandaaz.
- Participating in events, documentation and monitoring and evaluation activities as required by Karandaaz.
There is no fee for participation.