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Published on Monday, August 7, 2017

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.
 

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