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Bangalore: AxisRooms, India's top hotel distribution company 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, 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 2014 has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. "A second generation of entrepreneurs is emerging and their execution skills and global ambitions is leading to great companies, solid growth and a global footprint. As importantly, we are seeing more companies from countries once absent from innovation circles. AxisRooms shows great promise and therefore deserves to be among the finalists. Now we are faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that 2014 will reward us for a long and continued effort scouting disruptive companies in Asia."
The finalists are asked to present their winning strategies at the Red Herring Asia Forum in Hong Kong, August 25 to 27, 2014. The Top 100 winners will be announced at a special awards ceremony the evening of August 27 at the event.
"We are extremely elated to be one of the top 100 companies nominated by Red Herring Asia. It is great to be recognized among nominees who aspire to make a real difference to the industries they serve. AxisRooms shares this vision to provide cutting edge technology to ease business distribution in the Travel and Hospitality industry. Red Herring recognizes the companies who make this difference," said Mr. Ravi Taneja, COO- AxisRooms Travel Distribution Solutions Pvt. Ltd.