Red Herring has released the list of the short-listed companies for its “2012 Red Herring 100 Asia Award”. Selecting the most innovative upcoming companies from across the Asia (including Australia) to compete for the Top 100 Asia Award. The winners would be announced after another round of judging and live presentation at the Red Herring Asia Forum to be held in Hong Kong from September 10-12, 2012.
Out of this year’s finalists a whopping 56 start-ups come from our humble India, which comes as a relief for all those bashing the relevance and the innovativeness of the Indian start-up community. The race for a position in the final 100 start-ups from across Asia is hotly contested with China, which itself has 41 companies competing.
According to Red Herring the companies are selected on a basis of a variety of parameters ranging from financial performance to IP creation to execution of strategy and the Top 100 would reflect that region’s most promising private ventures. Few restrictions that Red Herring has in place include, that the selected companies be focused on either technology or life science; and are all of them are privately held and not be listed anywhere.
A quick look at 11 ventures from India which form our personal favorites spanning across different sectors but sharing the common DNA of causing disruption in their respective fields:
SaaS solutions for autonomic management of the IT infrastructure.
Building customer engagement solutions helping retailers and customers and being used by more than 100 major brands worldwide.
EDXL provides customized learning solutions to offer training for organizations and skill based programs for individuals.
4. Forus Health
Affordable technology-driven healthcare solutions for the emerging countries
A job site exclusively for helping the recent graduates to find their first dream job.
6. HOORAYY Technologies – Kidloo
Online toy store for kids aged 0-13
Web portal for online booking for car servicing and repair.
Next generation e-recruitment solution using social media.
Delivering speech based mobile solutions in a variety of industries ranging from banking and healthcare to agriculture and education.
10. Waterlife India
To provide safe and clean water to everyone in a sustainable manner
11.Y2CF Digital Media – Hoppr
Mobile device-agnostic, location based service providing hyper local e-commerce
Not all the companies competing for a Top 100 position are a new brand. There were a few which enjoy mass brand recognition and market dominance. Companies such as Cleartrip (travel solutions), Eko India Financial Services (low cost infrastructure powered secure and convenient financial transactions, FREECULTR (online shopping experience with a full range of lifestyle apparel & accessories) and iBIBO Group (online gaming site and other ventures) form base of the already established players from India.