Monday, December 12, 2011

Red Herring Global Top 100 Tech Startups - AaramShop

Los Angeles, California - Red Herring announced its Global 100 award in recognition of the leading private companies from North America, Europe, and Asia.

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

“Choosing the best out of the previous two years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners.  It was an extremely difficult process.  AaramShop should be extremely proud of its achievement, the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best.”

“We are happy that our unique approach to developing a hybrid retail platform to address the need for online grocery shopping has been recognized for its disruptive nature. We are thrilled to have received this recognition this early in our journey” said Vijay Singh, CEO & Managing Director of AaramShop.  

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 an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

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