Rajesh Jain
- Founder at Netcore Cloud
GetLatka interviews
How Netcore Cloud Bootstrapped to $100M Cash in the Bank and 35B Emails Per Month (Interview with Founder Rajesh Jain)
Rajesh Jain (Founder of Netcore Cloud) spoke to Nathan Latka on September 5, 2024.
Netcore Cloud figures from the interview
- Emails Sent Per Month
- 35B
- Cash in Bank (by 2020)
- $100M
- First Revenue Milestone
- $1M (2008)
“We built it up to about a 100,000,000 in by 2020.”
“We send out about 35,000,000,000 emails a month.”
“We basically started email and SMS marketing in India, and those just turned out cash. So it's just perfect. I didn't have to put much money in.”
How Netcore Cloud Reached $100M Revenue as a Bootstrapped Proficorn (Rajesh Jain, SaaS Open 2023)
Rajesh Jain (Founder and Group Managing Director of Netcore Cloud) gave a talk on March 17, 2023.
Netcore Cloud figures from the talk
- Revenue (2023)
- $100M
- Revenue from India and Emerging Markets (2023)
- $90M
- Employee Equity Pool (2007 to 2023)
- 25%
“A Proficorn, I coined this word few years ago because I was fed up of listening to all the unicorn stories. I said we are profitable. No one writes about us in the media. We don't have venture capital. We don't have great investors on our on our cap table.”
“You build a Proficorn, you build a $100,000,000 revenue valuation company. If you own most of it, that's the same thing. And it's much easier to get to 15,000,000 than probably 200,000,000.”
“If I look at the last ten years, the per share value of netcore has grown 25% CAGR. That's 10x in ten years.”
How Netcore Cloud Reached $85M ARR Bootstrapped with 5,000 Customers and 123% NRR (Interview with Founder Rajesh Jain)
Rajesh Jain (Founder and Group Managing Director of Netcore Cloud) spoke to Nathan Latka on April 13, 2022.
Netcore Cloud figures from the interview
- Revenue (standalone) (2022)
- $85M ARR
- Customers (2022)
- 5,000
- Net Dollar Retention (2022)
- 123%
- EBITDA Margin (2021)
- 17%
- Revenue Growth (2022)
- 45%
“We are ourselves at about 85 now and we had unboxed 10,000,000. So we are very close to a 100,000,000 ARR now and completely bootstrapped.”
“So I founded it twenty five years ago after I sold my first company for $100,000,000”
“So India World and Netcore have one thing in common and you love this one. We are both what I call proficorns. So profitable, private, promoter bootstrapped, and highly valuable. Highly valuable excess of $100,000,000”