PROFILE: Mian Ali, the Pakistani entrepreneur-turned-investor and new owner of UK’s HalalEat
Entrepreneurs in the Islamic economy depend on a range of funding sources to help them grow their ideas and businesses. Institutional investors and funding competitions tend to be well-publicised but we don’t often hear about individual investors.
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. This year, that same entrepreneur wasn’t about to miss a similar opportunity.
“[B]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 [HungryHouse] business, so I missed that deal,” entrepreneur-turned-investor Mian Ali told Salaam Gateway.
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