Wednesday, October 26, 2011

AaramShop Selected as a Red Herring Top 100 Asia Tech Startup

Hong Kong, China - Red Herring announced its Top 100 Asia award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe AaramShop embodies the vision, drive and innovation that define a successful entrepreneurial venture. AaramShop should be proud of its accomplishment, as the competition was very strong.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

"We are thrilled that AaramShop was picked up for the Red Herring Top 100 Asia Award this early and we see it as a deep validation of our business model which revolves around making the neighborhood retailer competitive and engaged with his shopper" said Vijay Singh, the CEO and Managing Director of AaramShop.

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