IndiaWorld
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the Neon Show 14
2022 14 mentions in 1 episode
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9 statements about IndiaWorld, every show
Rajesh Jain: India World sold for $115M at 166x revenue
“We were the first, started very close to the time Yahoo and eBay did, and I sold it five years later for hundred and fifteen million dollars.
166 times revenue.”
Satyam Infoway acquired IndiaWorld for $115M in all-cash 1999 deal
“We got a very good exit when Satya Minfoway, which was listed on NASDAQ, Sifi, bought my company for hundred and fifteen million, primarily pretty much all cash. In November, 99, we sold, I think, at the right time, just before.”
Rajesh Jain: IndiaWorld was the first Indian internet website
“And it was the first internet website, first Indian, of course, internet website.”
Rajesh Jain: Indian consumers will not pay for digital content subscriptions
“Because I realized Indians will not pay. They'll share the password and login and password, but they're not going to pay, even though it was just about 20 dollars at that time.”
IndiaWorld managed 200 sites and hosted most large Indian corporates
“In those five years that I ran India World, we had two or 200 sites that we managed. Most of the large corporates were either created and hosted with us, or at least hosted with us.”
Rajesh Jain increased IndiaWorld's valuation demand whenever an investor passed
“Because we were profitable, I could also be very choosy in talking to investors. We had a lot of inbound interest also. I mean, I never managed to raise money until I sold, of course, but I could afford to say no. To investors. I would tell them the valuation …”
IndiaWorld's valuation surged from $40M to $115M in just three weeks
“In the space of three weeks, our valuation went up from the forty million stock offer that mail.com had given, To a hundred and fifteen million dollar largely cash offer from DSP Merrill Lynch.”
Sify's market cap surged $700M overnight after announcing the IndiaWorld acquisition
“Their stock, After the deal was announced, that same night, went up by seven hundred million dollars, and kept rising on subsequent days, which enabled them to do a secondary offering, diluting very little, which then got them the additional money that they ne…”