Eight firms headed by Indian-Americans among Forbes promising 100
Eight companies co-founded and headed by young Indian-American entrepreneurs are among Forbes magazine's America's 100 most promising privately-held high growth companies with under USD 250 million in annual revenues.
"Rocketship growth isn't uncommon on our list," said the US business magazine. "In fact, it's what we look for. But to watch a management team crack open a ripe new market and hang on for dear life as top line explodes is still good fun."
Topping the list of the eight Indian-American headed companies is WeddingWire, a Maryland-based technology company serving the over USD 100-billion wedding, corporate, and social events industry co-founded by Sonny Ganguly, in the 27th place.
On the 52nd position is Pennsylvania-headquartered Prepay Nation, co-founded by Anurag Jain and Ajay Vikas Goyal, which helps "immigrants and expats transfer small amounts of money across international borders via mobile phones".
Ranked 61 on the list is H Bloom, a flower delivery service for corporate subscriptions and one-time gifts, co-founded by Sonu Panda.
Coming in on the 63rd spot is Gainsight, an IT firm co-founded by Sreedhar Peddineni and headed by Nick Mehta. It sells software that helps clients retain and upsell customers.
On the 73rd spot is CourseHorse, co-founded and headed by Nihal Parthasarathi. It provides an online marketplace to find, compare and enrol in local classes, including cooking, fitness, music and language courses.
Ranked 85th on the list is New York-based PublicStuff, co-founded by Anupam Gupta and headed by Surya Yalamanchili. It runs an online forum for residents to report problems like potholes or broken playgrounds, to local governments.
Seattle-based Mixpo, an IT software and services company, co-founded by Anupam Gupta, is 93rd.
Occupying the 100th spot is PernixData, a San Jose, California-based IT software and services co-founded by Poojan Kumar and Satyam Vaghani.
The overall list is topped by Fuhu, a California-based company that sells Nabi, an Android-based tablet for kids.
(Posted on 24-01-2014)