100 most innovative private technology companies based in Asia. This is a prestigious award which recognizes startups that will lead the next wave with innovative and potentially disruptive technologies.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout Asia and identified the top 100 out of more than 1,000 closely evaluated companies that are leading the next wave of innovation. The 100 winning companies have been announced at the Red Herring Asia event in Hong Kong.

“Our winners and Finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes," said Joel Dreyfuss, editor-in-chief of Red Herring." It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

Established in August 2006, Yatra.com has fast grown to become India’s leading travel company, serving over 1 million customers. Yatra.com believes in providing the best in class services to its customers and reaches out to them through its website, 24x7 call centre and 15 retail Holiday Lounges spread across the country. Yatra.com has an employee base of more than 700. The Company achieved a turnover of $120 million in the year 2007 and projects a turnover of US $ 220 million by the end of calendar year 2008.

Speaking on being awarded, Dhruv Shringi, Co founder & CEO, Yatra.com, said, "We are extremely delighted and humbled to be shortlisted for this very prestigious category. Being the only Indian travel company to be awarded endorses our position as a leading player in the online travel space.” He also presented his innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event at the Hong Kong JW Marriott Hotel last week.

Yatra.com has received a lot of prestigious awards and recognitions. It has been recognized as the ‘most used travel website’ by Juxt Consult in their India Online Survey 2008. It has also been declared to have the ‘best brand recall’ in the travel segment and the ‘most user friendly website’ according to the recent studies conducted by Juxt Consult and Phocus Wright, which are independent research organizations. Yatra.com has also been awarded for ‘Excellence’ in August-07 by TTF-OTM (India’s biggest travel show).

About Red Herring Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

 

December 10, 2008 in New Delhi. In line with the Galileo Express Travel World belief that excellence and responsibility must go hand in hand and that responsible action will not only ensure a better future but also good business prospects, the theme for the awards this year was climate change and responsible tourism.

The Galileo Express Travel World Awards recognize the best in the industry every year. The winners are chosen through a transparent process which is certified by leading management consultants - Deloitte Touché Tohmatsu India Pvt. Ltd. These awards were first incorporated in 2003 with the objective of promoting professionalism and encouraging the travel & tourism industry to attain higher levels of performance. In their sixth edition now, the Galileo Express Travel World Awards continue to be endorsed by the Indian travel and tourism fraternity as the most credible industry awards and are considered the voice of the tourism industry.