IndiaMART, is
now a India-based
global company
They refrained from
throwing red-herrings since the time they had started on the path of
becoming the country's largest B2B portal. Debasish
Roy sits on the sidelines and watches as Indiatimes takes
home the Red Herring award
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IndiaMART.com,
India's largest online B2B marketplace, has won the coveted "Red
Herring 100 Asia" award. This recognizes
IndiaMART.com in the 100
most innovative private technology companies based in Asia.
Accepting the award, Dinesh Agarwal, founder and CEO of
IndiaMART.com, said, "We
are honored to have won this prestigious award for our role in
transforming online B2B landscape in India. This recognizes the
success and hard work of 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, driving
sales and tapping new markets has set a new era in online B2B space
in India."
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The Red Herring 100 Asia is an exclusive event honoring 100
cuttingedge 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.
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"Our winners and finalists demonstrate that Asia is
increasingly becoming a leader in innovation, contrary to common
stereotypes," said Joel Dreyfuss, editor-in-chief of Red
Herring. "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 at the Hong Kong JW Marriott Hotel earlier this week.
IndiaMART.com is India's
largest online B2B marketplace bringing Indian suppliers and
international buyers together. Established in 1996,
IndiaMART.com is an ISO
certified company with state-of-the-art webdevelopment center which
is one of the largest in the world. With 900 employees and a network
of 29 offices pan-India, IndiaMART.com
offers value service to its 500,000 members and over five million
global buyers.
With last financial year revenues at $9.5 million
IndiaMART has grown at over
50 per cent CAGR for the last 5 years.
IndiaMART.com has been
profitable all through the 12 years of its operations.
IndiaMART's online success
has been widely acknowledged by media such as CNBC, BBC, Business
Money, CNN, Businessworld, Economic Times, Financial Express etc.
Amongst its investors is Bennett, Coleman & Co. Ltd. (Times of
India Group), India's largest print media group. Bennett, Coleman &
Company is the owner of the Economic Times newspaper.
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. |
