Karandaaz Capital

Supporting Access to Finance
for Businesses through Commercial Investments

Direct Investments

The focus of direct investments is on deploying growth capital in small and medium enterprises (SMEs) with potential for profitable growth and employment generation, in addition to generating risk-adjusted financial returns for Karandaaz.

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Direct Investments - Investment Criteria

Karandaaz’s investment policy has double bottom line objectives in terms of development impact and financial sustainability.

Investment Criteria

Company size
  • Revenue up to $15m; Assets up to $15m; Employees up to 300
Ticket size
  • Up to $5m; larger with co-investors
Ownership stake
  • Not more than 50%; significant minority, opportunistic control
Investment type
  • Growth Capital: Common Equity, Preferred Equity, Convertible Debt, Structured Credit
Geography
  • Pakistan as principal place of assets and jobs creation
Sector focus
  • Includes Education, Healthcare, Agriculture, Logistics, Construction, Retail & Wholesale
Target holding period
  • Up to 7 years
Economic impact
  • Employment support (esp. women and youth)
  • Revenue growth

NRSP APC

Karandaaz Pakistan has invested in National Rural Support Programme (NRSP) Agriculture Processing Company Limited (APCL) as an agriculture value chain proposition for small-holding rice farmers. NRSP APCL aims to scale up opportunities for warehousing, financial inclusion, and the incidence of rural industrialization for farmers without compromising the principles of scalability, food security, profitability, and sustainability. Additionally, Karandaaz investment in APC is expected to demonstrate value chain services including warehousing at scale for the first time in the country.

HAC AGRI

HAC Agri Controlled Atmosphere Warehouse ensure availability of off-season fruits and vegetables with same freshness and quality as that in in-season. Karandaaz Pakistan is investing in HAC Agri which will setup the first state-of-the-art Controlled Atmosphere Warehouse in Punjab. Such investments, in high growth businesses will boost job creation and economic growth in the country.

Excel Labs

Excel Labs, one of the largest laboratory and diagnostic services providers in Pakistan, has presences at more than 60 locations across Punjab, Khyber Paktunkhwa and Azad Jammu & Kashmir. The labs offer a total of 727 tests. Karandaaz’s investment will be used by Excel Labs for expansion of its current operations and additions of new, high margin business lines.

Techlogix International Limited

Techlogix is a leading IT services and enterprise solutions company with operations based out of Pakistan. Techlogix has developed innovative and cost-effective software-as-a-service enterprise solutions for the higher education, microfinance, and large-scale distribution sectors. Investment from Karandaaz is helping Techlogix further develop and market its solutions locally and internationally and generate employment opportunities in Pakistan.

Financial Partners

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