New
Delhi, December 8, 2008: 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 & CEO of
IndiaMART.com, has 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, drive sales and tap new markets has set a new era in
online B2B space."
The Red Herring 100 Asia is an exclusive event honoring 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
"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 Dec 03. 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."
About IndiaMART.com
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 web-development 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 5 million global buyers.
With last financial year revenues at US$ 9.5 million the company
has grown at over 50% CAGR for the last 5 years. IndiaMART.com has
been profitable all through the twelve 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 stands tall
the Bennett, Coleman & Co. Ltd. (Times of India Group),
India's largest print media group that has made a strategic
investment in IndiaMART.com in 2006.
About Red Herring
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. More information about
Red Herring is available on the Internet at www.redherring.com.
Reference URLs:
www.indiamart.com/press-section/
For further information, please
contact:
Arun Tyagi
Marketing & PR
Email: aruntyagi@indiamart.com
Mobile: +91 - 9711003832
Phone: +91 - 120 - 3911000 (Extn. 531)
