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Powai Labs short-listed as a finalists for the Red Herring 100 Asia

Mr. Pramod Haque,   Managing Partner of Norwest Venture Partners (NVP) with Reapan Tikoo of Powai Labs at the Red Herring Event. Microsoft Chief Executive Officer Mr. Steve Ballmer with Reapan Tikoo of Powai Labs at the Red Herring Event


The nominees were rigidly evaluated on both quantitative and qualitative criteria
such as financial performance, technology innovation, quality of management, execution
of strategy, and integration into their ecosystem. This unique assessment of their potential
is complemented by a review of the actual track record and standing of a company, allowing
Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering
and advocating the greatest business opportunities in the industry.

For the past months, hundreds of companies in the telecomm, Web 2.0, software,hardware, biotech
and energy related industries from countries like Kazakhstan,Korea, China, India, Japan and the Philippines have sent in their submissions to qualify for the award. At Red Herring Asia 2006, both the finalists and winners of the Top 100 will showcase their uniqueness and business potential.

"The level of entrepreneurial activity in Asia is no longer surprising," said Joel Dreyfuss,
editor-in-chief of Red Herring. "The biggest shift is the emergence of innovative and
disruptive companies that can play on the world stage." Red Herring is a sophisticated
insider's guide to the business of technology, featuring unparalleled insights on the
emerging technologies driving the economy, from the Internet to wireless communications
and digital entertainment. Red Herring reports on how innovation and entrepreneurship are
transforming business and how the business of technology is transforming the world, providing
readers with a deep understanding of venture capital and capital markets. Recognized as
an essential resource in today's fast-changing business world, Red Herring gets the right answers
before anyone else even thinks to ask thequestions. More information on Red Herring is available
on the Internet at .

The names of the 200 companies short-listed as  finalists for the "Red Herring Asia 100" can be

found online at  and;id=2137109;articleid=2137109 

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