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Netcore Cloud revenue hit $110 million in 2023

Netcore Cloud team size is 900 employees


How did Latka collect this data?

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Latka collected this data by interviewing Netcore Cloud CEO AnkitRajesh SharmaJain on 04/13/2022

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Netcore Cloud

8th Floor, Peninsula Towers Peninsula Corporate Park, G.K.Marg Lower Parel [W] Mumbai, Maharashtra, India

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How Netcore Cloud hit $110M Revenue with 5K customers in 2023.

Netcore Solutions is the parent company that owns netcorecloud.com. It is an Indian marketing technology company that offers a range of products and solutions for digital marketing, including email marketing, marketing automation, and customer engagement. Netcore Solutions was founded in 1997 and is headquartered in Mumbai, India, with additional offices in other parts of India, Southeast Asia, the Middle East, and Africa. It serves a diverse range of clients across industries, including e-commerce, banking and finance, healthcare, travel, and hospitality.

Founded

1997

Founded

Revenue

$110M

2023 Revenue

YOY
-----

YOY

Funding

$3.2M

Funding


Netcore Cloud Revenue

In 2023, Netcore Cloud revenue run rate hit $110M in revenue.

  • 2023

    Netcore Cloud hit $110M in revenue this year

  • 2022

    Netcore Cloud hit $95M in revenue in 2022

  • 2021

    Netcore Cloud hit $75M in revenue in 2021

  • 2018

    Netcore Cloud hit $50M in revenue in 2018

  • 2015

    Netcore Cloud hit $10M in revenue in 2015

  • 2008

    Netcore Cloud hit $1M in revenue in 2008

  • 1997

    Netcore Cloud launched in 1997 with $0 revenue

900.00% ▲400.00% ▲50.00% ▲27.00% ▲16.00% ▲$1M$10M$50M$75M$95M$110M

Netcore Cloud Funding History

  • 2021 Seed Round

    Netcore Cloud raised a Seed Round of $2.9M

  • 2020 Pre Seed Round

    Netcore Cloud raised a Pre Seed Round of $242.9K

FUNDING DATEROUNDAMOUNTVALUATION
10/07/2021 Seed Round $2.9M
08/08/2020 Pre Seed Round $242.9K

Team

Netcore Cloud has 900 total employees and 100 sales reps that carry a quota. They have 5000 customers an engineering team of 230

2022
DISTRIBUTIONQTY
Total team size
900
Engineer
230(26%)
Sales
100(11%)
Marketing
0(0%)

CEO/Founder

AnkitRajesh SharmaJain

This interview is with Rajesh Jain founder of Netcore Cloud About Rajesh Jain Rajesh Jain is a technology entrepreneur based in Mumbai, India. He was a pioneer in Asia’s dotcom revolution, creating India’s first Internet portals in the late 1990s. He then started what is today India’s largest marketing technology company. In between, from 2012-2019, Rajesh worked as a political entrepreneur. Tech Rajesh is founder of Netcore Cloud, is a global marketing technology company that offers AI-powered marketing automation and analytics solutions. Netcore’s flagship product, Smartech, empowers modern marketers to map their customer journey to deliver exceptional 1:1 customer experiences. Netcore serves over 5,000 Indian and international corporates and sends more than 15 billion messages (emails and SMSes) monthly through its messaging gateways. https://www.linkedin.com/in/rajesh-jain-b941/ Linkedin profile link :

Q&A

What`s your age?

54

Favorite online tool?

Salesforce

Favorite book?

Beyond Entrepreneurship

Favorite CEO?

Twilio

Advice for 20 year old self

How important things other than engineering are.


Customers

Netcore Cloud has 5K customers.

Lifetime Months

-

x

Monthly ARPU

$1.6K

=

Lifetime Dollar

-

Acquisition Cost

-

Average Annual Price

$19K

$0$19K024681012
$0$19K024681012

Churn

Netcore Cloud has an annual churn rate of 5.00%.

-100-500%50100

Gross Annual Dollar Churn

-5.00%

Annual Dollar Expansion

30.00%

Net Revenue Retention

123.00%


About Netcore Cloud

Monthly Revenue

$9.2M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

15.79%

=

Rule of 40

16


Netcore Cloud Board of Directors

NamePosition
Anindya GhoseBoard Member

Netcore Cloud Executives

NamePosition
AnkitRajesh SharmaJain CEO

Netcore Cloud Employees

NamePosition
Anindya Ghose Board Member
AnkitRajesh SharmaJain CEO

Frequently Asked Questions about Netcore Cloud

When was Netcore Cloud founded?

Netcore Cloud was founded in 1997.

How much revenue does Netcore Cloud generate?

Netcore Cloud generates $110M in revenue.

Who is the CEO of Netcore Cloud?

The CEO of Netcore Cloud is AnkitRajesh SharmaJain.

How much funding does Netcore Cloud have?

Netcore Cloud raised $3.2M.

How many employees does Netcore Cloud have?

Netcore Cloud has 900 employees.

Where is Netcore Cloud headquarters?

Netcore Cloud is headquartered in India