With a two-year revenue growth of 332% App Orchid makes the Inc. 5000 California list for the 2nd year in a row
Inc. magazine revealed yesterday that App Orchid with a two-year revenue growth rate of 332% is No. 61 on its second annual Inc. 5000 Regionals: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy’s most dynamic segment—its independent small businesses.
“We are very excited to have made the Inc. 5000 California list for the 2nd year in a row,” says Vaibhav Nadgauda, CEO of App Orchid. “This is a testament to our team who continued to execute on our strategy despite the extraordinary challenges from the pandemic last year.”
The companies on this list show stunning rates of growth across all industries in California. Between 2017 and 2019, these 250 private companies had an average growth rate of 535 percent and, in 2019 alone, they employed more than 40,000 people and added nearly $7 billion to the California economy. Companies based in major metro areas—Los Angeles, the Bay Area, and San Diego—brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/california.
“This list proves the power of companies in California no matter the industry,” says Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”