“Right now if you look into my portfolio, it starts from the U.S., UK, Finland, Pakistan, Kenya and Jamaica.”įrom his investments, he seeks dividends-based returns, especially cashflow positive services companies and growth-oriented gains. His portfolio is not limited to a specific geography. So exposure has always been there since the time of TransData from 2004.” “Being an entrepreneur you get to know the investment criteria a lot because you deal with investors from the time that you are an entrepreneur yourself. Having been an entrepreneur and business owner himself, Ali has been on both sides of deals, which, he said, is helpful. In all, he said he has invested over $500,000 in businesses. He typically invests anything from $25,000 to $200,000 but his biggest investment was the $250,000 he put into TransCure, a medical billing company he founded in 2011. “I am very optimistic, from the HalalEat perspective.”įor the last six years, Ali has been an early-stage investor primarily in tech start-ups, although he also puts money into brick-and-mortar businesses. The Muslim community is growing and the choices for it are increasing and diversified but it’s still in a very limited scope compared to other options. “I like the idea that HalalEat focuses on the Muslim community. “There have been several online delivery platforms not only in the UK but also worldwide, but the idea behind HalalEat that it focuses on the Muslim community was a very interesting thing and I would say that was one of the interest points for me,” said Ali. Co-founder and CEO Abul Rob told Salaam Gateway in June that HalalEat’s next move will include expanding and scaling up of its core business of food delivery, its own-brand ready-to-eat meals, and a consumer blog focused on halal food eateries. He bought the start-up for an undisclosed amount and the business is currently undergoing an internal review before re-launching a new strategy in Autumn this year. So confident was he in the business that six months after coming on board as a seed investor Ali ended up acquiring the three-year-old HalalEat in June. We had the business knowledge, we knew what could be done in a proper way in order to see the growth down the road,” said Ali. “The first thing which made me confident investing in HalalEat is obviously it’s not something new I’m getting into. When HalalEat started looking for investors late last year, Ali jumped at the opportunity. After HungryHouse, It went on to also provide support services to HalalEat, another UK online food ordering business. At the time, TransData was also a new business, having opened only in late 2003. “ack in 2006, I was focused on outsourcing services that we were providing and it wasn’t a growth that we were actually seeing in that business, so I missed that deal,” entrepreneur-turned-investor Mian Ali told Salaam Gateway.Īli’s outsourcing company, Lahore-based TransData International, provided support services to HungryHouse from the beginning of the start-up’s life in 2006 until Germany’s Delivery Hero acquired a controlling stake in it in 2011. This year, that same entrepreneur wasn’t about to miss a similar opportunity. In 2006, a Pakistani entrepreneur passed on investing in UK online food ordering platform HungryHouse that went on to be sold to rival Just Eat for 240 million British pounds ($316.9 million) in 2017. Institutional investors and funding competitions tend to be well-publicised but we don’t often hear about individual investors. It does not store any personal data.Entrepreneurs in the Islamic economy depend on a range of funding sources to help them grow their ideas and businesses. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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