Netcore IPO: Rajesh Jain's company Netcore will also bring IPO, didtcom era was started in the country

Netcore IPO: Rajesh Jain’s company Netcore will also bring IPO, didtcom era was started in the country


new Delhi. Netcore Cloud, a customer communication specialist startup, is planning to launch an IPO (Initial Public Offering) next year. This startup is of Rajesh Jain (54 years old). Rajesh Jain is one of those people who started the internet industry in the country. This is his second startup.

Rajesh Jain told in an online discussion that the company has had initial talks with many bankers for the IPO. Its formal process will start in two months. Netcore Cloud provides customer communication and engagement solutions services to companies. It specializes in this. It is a software-as-a-service or SAAS startup. Its headquarter is in Mumbai.

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Made an acquisition this month

Netcore Cloud just recently made an acquisition of $100 million. This is his fourth acquisition. In the same month, the company bought 90 percent stake in California-based e-commerce search company Unbxd Inc. With this acquisition, Netcore will be strengthened in serving international customers like Pizza Hut, Tommy Hilfiger, The Body Shop Inc. Jain said that within a year and a half from this acquisition, Netcore’s subscription revenue will reach $ 150 million. It’s close to $100 million right now.

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Who is Rajesh Jain

Rajesh Jain holds two-thirds stake in Netcore Cloud. The rest is with the employees. Rajesh Jain has studied from IIT Bombay. His first startup was Indiaworld Communications, which he sold in 1995 for $115 million. This deal was one of the biggest deals in the internet industry at that time. That company now known as Sify Technologies is listed on Nasdaq.

Tags: Bombay stock exchange, IPO, stock market, Stock Markets


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