"
"
Halal-friendly travel booking platform, HalalBooking has raised USD 5 million in investment from a group of private angel investors, including British Business Bank, which comes in the form of a pre-Series B convertible loan agreement.
In announcement made by the company, HalalBooking reveals that discussions are taking place with multiple unnamed venture capital and private equity funds to become the lead investor for the remaining $15 million.
The incoming investment will give the company a valuation of up to USD 75 million and will be used to fuel its growth for the next three years.
In July 2020, HalalBooking announced a partnership with global online travel agency Expedia to help it weather the global pandemic and reach a wider audience.
Founded in 2009 by a group of Muslims with senior management experience from travel and blue-chip companies, HalalBooking allows searches for halal-friendly facilities and services in listings such as beach resorts, hotels, thermal resorts and spas, and luxury villas with private pools. The website now has more than 200,000 customers from more than 100 countries and more than 2,000 affiliate agency partners providing a service to halal-conscious travellers, as well as over 83,000 properties in more than 50 countries around the world.
