8 Firms Headed By Indian-Origin Entrepreneurs On Forbes' List
New York: Eight companies co-founded and headed by Indian-origin entrepreneurs are among Forbes magazine's 100 most promising companies in America, according to an annual ranking of high-growth, privately-held companies with under $250 million in annual revenues.
Forbes said "rocketship growth" is not the only factor that describes the 100 companies in its third annual 'America's Most Promising Companies' list.
"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," it said.
Among the 100 companies on the list, eight are co-founded or headed by young entrepreneurs of Indian-origin.
The list is topped by Fuhu, a California-based company that sells the Nabi, an Android-based tablet for kids.
It has revenues of $175 million and raised $55 million from backers like computer-maker Acer and animation studio DreamWork.
On the 27th spot is Maryland-based WeddingWire, which is a technology company serving the over $100 billion wedding, corporate, and social events industry.
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Source: PTI