HalalBooking.com announces $1 million Series A round funding to accelerate growth
PRESS RELEASE
UK-based HalalBooking.com, the world-leading search and book website for halal travel, today announced that it has raised $1m in Series A round funding at $30m evaluation from a private venture capitalist.
"This investment comes to further accelerate an already rapid multi-fold growth rateHalalBooking.com has achieved in the last few years as the world’s number one search and book website for halal-conscious travellers and to achieve our target of $1b IPO in 3 years,” said Elnur Seyidli, Chairman of the Board of HalalBooking.com.
The company had consistent exponential growth over the past years and only announced a week ago a triple growth in the first three quarters of 2015. Part of its success are due to the in-house developed precise total family pricing and room suitability guarantee functionalities.
“Our entire team is excited to have received this important growth acceleration capital as it will enable us to keep pace with customer demand for new destinations and website features, expand our Technology and Supply Chain teams and boost our marketing campaigns,” said Ufuk Secgin, Chief Marketing Officer of HalalBooking.com.
HalalBooking.com makes this announcement on the second day of the World Halal Travel Summit & Exhibition (WHTS15) in Abu Dhabi, which it supports as “Global Markets Partner” with a large team of expert speakers in various panels during the conference.
According to the latest report by DinarStandard and Thompson Reuters the Muslim travel market grows faster than any other travel sector and is projected to be worth approx. US$ 233 billion by 2020, 13% of overall global tourism expenditure.
Enver Cebi, founder and Chief Operating Officer of HalalBooking.com stated, “It has been an exciting and successful journey since we came up with the initial idea and this investment will help to move the company to next level at an even faster pace.”
About HalalBooking.com:
Founded in 2009 in the UK, HalalBooking.com is a global OTA and bed bank specialised in the halal travel industry. It markets a wide-ranging portfolio of halal-friendly properties on its state-of-the-art website. Accessible in 6 languages, the website has attracted customers from more than 70 countries so far. Sales and operations are supported from an international call-centre and the company enjoys a rapid growing affiliate programme with currently approx. 450 affiliate travel agents.
© Press Release 2015
