Mumbai, Mumbai based Suvidhaa Infoserve, the pioneer of the Services Commerce (‘S-Commerce’) revolution in India has won the coveted ‘2009 Red Herring 100 Asia Award’ at Red Herring’s Asia 2009 Conference & Awards function held at, Shanghai, China. The award recognizes Suvidhaa amongst the 100 most innovative private technology companies in the Asia Pacific region.

Suvidhaa currently powers more than 15000 local neighbourhood convenience stores spread across 20 states in over 400 cities/ towns. The Suvidhaa Point is consisting of Kirana Store /Mobile Store / Medicals Store / STD Booth / Cyber Cafe / Travel agent and other categories of neighborhood stores. The main premise of this platform is to bring convenience to customers near his house.

Suvidhaa Infoserve Pvt Ltd (SIPL) is founded by Mr. Paresh Rajde and funded by two leading global venture capital firms, Norwest Venture Partners India (NVP India) and Reliance Technology Ventures. 

Accepting the award, Mr. Paresh Rajde, Founder Managing Director & CEO, mentioned, “We are delighted and encouraged by the Red Herring 100 Asia Award ! This award will certainly inspire us to continue striving for operational and service excellence, innovation and improvement for the customers.” 

Red Herring is world’s leading media company whose team uses an intensely competitive process to select the most innovative companies from a pool of more than 1000 companies to honor 100 cutting edge private technology companies from China, India, Japan, Singapore, Korea, Australia and Vietnam. The nominees for the awards are evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. (PRANA)