PRESS: Gurgaon: 19 Aug. 2012: The Red Herring editorial team selected MeriCAR.com as a Finalist for Red Herring’s Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.
MeriCAR.com announced today it has been selected as a Finalist for Red Herring’s Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an valuable instrument for discovering and advocating the greatest business opportunities in the industry.
“This year was very rewarding,” said Alex Vieux, publisher and CEO of Red Herring. “The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. MeriCAR.com shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2012 crop will grow into some amazing companies that are sure to make an impact.”
Finalists for the 2012 edition of the Red Herring 100 Asia award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
The Finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, September 10-12, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of September 12 at the event.
MeriCAR.com™ is first in India dedicated car servicing web portal. The venture is helping car owners to search the neighbourhood car service centre, connect to the right car workshop and save on car servicing bill. MeriCAR.com™ impacts unorganized after-sales-market and provides personalized support to find the right car workshop in India. MeriCAR.com™ has over 180 listing member car workshops and its search web directory has over 500 verified car repair and service centres all across India.
About The Red Herring 100 Award
The Red Herring 100 award highlight the exciting startups from Asia, Europe and the Americas. Hundreds of companies are from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company (financials, CAGR, innovation, customers, IP, etc.). Companies that make it past step 1 and 2 are invited to be part of the final step, the regional Top 100 Forum, where they compete for a top 100 spot
List of all TOP 100 ASIA companies: http://www.redherring.com/red-herring-asia/asia-2012-finalists/
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