Mumbai, 15th September, 2015 – Faida.com announced today it has been short-listed for Red Herring’s Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures in Asia. The short-listed companies are asked to present their winning strategies at the Red Herring Asia Forum in Manila, Sept. 14 to 16, 2015 – the final stage of the Top 100 competition. The Top 100 winners will be announced during a special award ceremony the evening of Sept. 16, after the final score is handed out by the judges, thus concluding the three-day event.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across the continent. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of company track records and standings, which allows Red Herring to see past the “buzz” and make the list a valuable tool for discovering and advocating for the best business opportunities in the industry.
“Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2015 has shifted into a new phase,” said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. Faida.com shows great promise and therefore deserves to be among the short-listed companies. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2015 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology.”
Faida.com is a Jaipur based startup that provides an online shopping experience on the unique concept of exchanging one good for another, facilitating cashless transactions. The founders of the company, Mr. Gaurav Jain and Mr. Vipul Paliwal are today’s entrepreneurs who wish to give their consumers a quality experience on the time they spend on their website. Faida.com was founded in the year 2015 with the vision to expand its horizon by launching their mobile app version as well in the coming times.