8 firms headed by Indian-origin entrepreneurs on Forbes' list
Jan 24 2014 , New York
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.
One of the co-founders of the $34 million revenue firm is Sonny Ganguly, an MBA from Harvard Business School where he also served as President of the Marketing Club.
Ganguly is also the Chief Marketing officer of WeddingWire, which was founded in 2007.
On the 52nd position is Prepay Nation, a global provider of value-added mobile services specialising in international mobile top-up and cross-border micropayments.
Headquartered in Pennsylvania, the company was co-founders in 2010 by Anurag Jain, Ajay Vikas Goyal and has revenues of $110 million. The company helps "immigrants and expats transfer small amounts of money across international borders via mobile phones".
Goyal and Jain, who is also Prepay Nation's CEO emigrated from India 10 years ago and started the business after difficulties sending money to family back home.
Ranked 61 on the list is H Bloom, a flower delivery service for corporate subscriptions and one-time gifts.
Among the co-founders of the New York-based company is Sonu Panda, who is also the Chief Operating Officer.
The company was founded in 2009 and has revenue of seven million dollars.
Coming in on the 63rd spot is Gainsight, an IT firm which sells software that helps clients retain and upsell customers.
The California-based company is headed by Nick Mehta, a Master's in Computer Science from Harvard.
It co-founded by Sreedhar Peddineni in 2009 and has revenues of two million dollars.
Gainsight raised $20 million in venture funding from Bain Capital Ventures in November 2013 On the 73rd spot is CourseHorse, which provides an online marketplace to find, compare and enroll in local
classes, including cooking, fitness, music and language courses.