Halal travel specialist looks to raise funds
HalalBooking.com has begun a Series A round to raise $5 million in funding to speed up its growth.
The UK-based online booking platform, which specialises in halal-friendly travel, is targeting a $1 billion IPO in three years.
Over the past six years it has achieved an annual growth rate of 100%.
Its turnover rose to $7 million in the first six months of this year, putting it on track to reach its target of $15 million turnover this year and $50 million in 2018.
With customers in 75 countries, its website features resorts, city hotels and villas worldwide.
The site already features hotels in major European capitals has recently seen significant growth in interest in the sector from hotels in non-Muslim countries.
The company runs an affiliate agency programme, paying agents commission for bookings.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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