India-based Islamic e-commerce platform IslamicShop or IslamicShop.in has secured an undisclosed eight-digit figure in seed funding from a Canada-based Indian High Networth Individual (HNI), which it intends to use to expand its operations globally and build innovative technology.
Started in 2015 by Mohamed Maaz, IslamicShop.in sells a wide category of ‘halal’ products ranging from abayas to Islamic books, cosmetics, food products, perfumes, toys and gadgets, Hajj and Umrah packages, and more. It is the largest website of its kind in India.
Bootstrapping with lean resources, a tight-knit team of talented individuals, and bare marketing, the startup has accomplished providing a platform for over 800 sellers (including sellers from other countries), offering over 15000 SKUs, expanding to over 450 categories, delivering to not just remotest parts of India but also to more than 50 countries worldwide, covering six continents while still in its MVP (Minimum Viable Product) stage.
The seed investment will accelerate IslamicShop to set up business operations in the international market and in the development of innovative technology in sectors like Food, Pharma, Apparels for both Marketplace and O2O model.
The unnamed HNI is a Canada-based Indian businessman, who has been successfully running businesses in the construction & industrial equipment and real estate for over two decades, and now he has entered into the technology industry with IslamicShop. The investor has said that he finds promise and potential in IslamicShop to grow and become successful, and shares the vision to create opportunities and contribute to the Islamic economy and make Halal accessible to all.
Besides funding, the HNI will help IslamicShop in expansion in North America by setting the hub in Canada. He plans to set up an automated warehouse with a supply chain distribution model, which would be a hub for the entire western hemisphere, and he aims to set up small-scale production units, particularly for women entrepreneurs with innovative Islamic products. He believes “Entrepreneurship is a core of Islamic values”.
Mohamed Maaz, Founder and CEO of, IslamicShop said, “The global Muslim market is one of the largest emerging economies in the world as it’s the world’s largest & fastest growing Halal consumer. And with Dubai transforming into the capital of the Islamic Economy, IslamicShop is preparing to launch operations in Dubai being partnered by Mohammed Mukhtar, Founder of One&Only International and U-Connect Network. Islamic Shop will also be expanding to Malaysia for the East”.
“Besides expanding regionally, Islamic Shop has planned for sub-ventures to focus on smaller initiatives in Halal sectors like meat-delivery, Halal authentication, education, etc. Islamic Shop has already stepped into the journalism sector with Righteous Magazine headed by Anam Farzeen, in both digital and print media, with the vision to do active & constructive journalism.”
The startup has brought in Dr. Althab Begum MD (Pharmacologist), to lead the Halal pharma and cosmetic sectors. She, with her team of experts, is currently researching to develop products that are safe and authentically Halal.
Maaz says the objective of IslamicShop.In is to “bring back the innovation essence of Islamic Golden Age by uplifting the community technologically and contribute to the economy by creating opportunities.”
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Shaik Zakeer Hussain is the Founder and Editor of The Cognate.
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