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. Creating and maintaining a list/database of prospect clients maintaining a database (CRM, Excel, etc.Entrepreneurs in the Islamic economy depend on a range of funding sources to help them grow their ideas and businesses.Creating informative presentations presenting and delivering information to potential clients at client meetings, industry exhibits, trade shows, and conferences.Collaborating with sales and leadership to secure, retain, and grow accounts.Understanding client needs and offering solutions and support answering potential client questions and follow-up call questions responding to client requests for proposals (RFPs).Building business relationships with current and potential clients.Identifying, qualifying, and securing business opportunities coordinating business generation activities developing customized targeted sales strategies.The candidates should have good BPO/KPO background having sourced back office/offshore projects. Should be flexible to work in US timings as the interaction will be with international clients. Must be energetic, well-spoken, and eager to close sales and increase revenue. The business development executive will be responsible to research client business referrals, network, and web leads from the Lead Gen team provide prospective customers/clients with all services offered and additional presentations as needed, and work with clients to create solutions for their needs and consult throughout the sales process. The Business Development Executive will focus on customer acquisition, lead generation, and prospect management, as this role will garner and meet with potential clients. Please take a moment to read the job post below if you are interested: TransData is seeking a Business Development Executive in Lahore, Punjab, Pakistan.
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