IndiaMART.com

Indiamart

11 December 2008

IndiaMART.com wins "Red Herring 100 Asia" Award


IndiaMART.com, stated to be India’s largest online B2B marketplace, has won the coveted Red Herring 100 Asia Award, which recognises IndiaMART.com among the 100 most innovative private technology companies based in Asia.

Accepting the Award, Dinesh Agarwal, Founder & CEO, of IndiaMART.com, said, “We are honoured to have won this prestigious Award for our role in transforming the online B2B landscape in India. This recognises the success and hard work of the IndiaMART.com team to date. We also like to share this Award with our buyer and supplier members, whose success at using the power of our online B2B marketplace to connect with business partners worldwide, drive sales and tap new markets has set a new era in online B2B space.”

Red Herring 100 Asia is an exclusive event honouring 100 cutting-edge private technology firms from Asia. The winners were selected from more than 1,000 companies based in 16 countries, including China, India, Japan, Singapore, Korea, Australia and Vietnam. The nominees for the Awards were evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem.

Speaking on the Awards, Joel Dreyfuss, Editor-in-Chief, Red Herring, said, “Our winners and finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes. It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

The 100 winning companies were announced at the Red Herring Asia event in Hong Kong on December 3. The CEOs of the winning startups presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at an event held in Hong Kong earlier this week.

Established in 1996, Indiamart.com is an ISO certified company with state-of-the-art web-development center, which is one of the largest in the world. With 900 employees and a network of 29 offices pan-India, Indiamart.MARToffers value service to its 500,000 members and over 5 million global buyers.

Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.


 
 



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