HalalEat Update: UK start-up turns down 104,314 pound crowdfund for sole investor

  • UK start-up HalalEat has turned down the 104,314 British pounds ($140,225) it crowdfunded from around 160 investors to go with a single investor whose contacts will give it a ‘more assured’ international expansion into the United States, founder and CEO Abul Rob told Salaam Gateway.
  • Pakistani investor Mian Ali, who is founder and chairman of Lahore-based outsourcing company TransData, is backing UK’s first on demand halal takeaway platform with “substantially more” than what the start-up raised on crowdfunder Seedrs, said Rob, declining to reveal the exact investment amount.
  • In the UK, HalalEat works closely with organisations such as certifier Halal Food Authority. It will adopt a similar process with relevant U.S.-based institutions, said Rob.
  • HalalEat will be in New York by the end of 2018.
  • Last month, online food delivery company Deliveroo, which announced in September it had raised $385 million in private funding, sent an email to partner restaurants saying that it was “updating all the tagging” on menus. The email, seen by Salaam Gateway, said, “There is a fast-growing number of people searching for halal on Deliveroo, and orders are increasing month on month.”
  • (1 = 0.7439 British pounds)

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