Halal Online Marketplace

2 Halal Online Marketplace Success Stories [2024]

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Updated: July 23rd, 2024

The introduction of online marketplaces has created an enormous opportunity for entrepreneurs. Experts estimate we will see tremendous innovation in building and running marketplaces in a few years.

If you are developer, you can build halal online marketplace focusing on particular religion or region. Halal marketplace offers a wide range of halal products. Starting a marketplace requires a sound strategy and knowing the best practices.

In this list, you'll find real-world Halal online marketplace success stories and very profitable examples of starting a Halal online marketplace that makes money.

1. Caviar ($21.6M/year)

Shawn conceived the idea for the Caviar food delivery app during a brainstorming session when he wanted an egg sandwich from his favorite shop in the Bay Area, which was too far away for convenient access.

Frustrated by the high cost and time involved in using TaskRabbit for delivery, he realized that they could utilize the independent contractor model popularized by Uber and Lyft for food delivery. This realization led to the creation of Caviar, pitched as the "Uber for food."

Shawn explaining how he came up with the food delivery app idea

How much money it makes: $21.6M/year

How Shawn Tsao Built A $410M Food Delivery App [Caviar]

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2. HalalWorldDepot ($2.4M/year)

Mohamad Saad, one of the founders of HalalWorldDepot, launched the business as a side hustle to list Halal products from his father's store online. With an initial investment of $5,000 for the website and shipping materials, the company quickly gained traction and now boasts a customer return rate of 50-60% and steady profitability. The future looks promising as HalalWorldDepot continues to expand and serve the growing community of Muslims in the United States.

How much money it makes: $2.4M/year
How much did it cost to start: $5K
How many people on the team: 10

I Started My Online Food Business At 17: It Now Earns $720K/Year

HalalWorldDepot is a Halal online marketplace that started three years ago as a meat and grocery delivery service and has now expanded to offer a wide variety of Halal products, with a customer return rate of 50-60%, profitability at 16-25%, and over 10,000 customers, with plans to expand to Canada and the United Kingdom within three to five years.

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