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Netcore Cloud

also referred to as: netcore

20 statements across 3 episodes · 11 bullish · 0 bearish · 1 people on the record · first statement Apr 23, 2022 by Rajesh Jain · said 67 times in 10 episodes since 2022 · across every show →

Mentions by year

brought up most by Nathan Latka (35), Rajesh Jain (32)

tap a year for its mentions
00204408202220232024episodesmentions
048202220232024episodes it came up in
007.54158202220232024episodesmentions per episode
2024 13 mentions in 1 episode
2023 17 mentions in 2 episodes 9 per episode
2022 37 mentions in 7 episodes 5 per episode

every mention, scene by scene, with the transcript →

Everything said about Netcore Cloud, oldest first

Apr 23, 2022 positive
Disclosure
Netcore Cloud acquired Unbxd for $100M in major Indian SaaS deal
“And we recently acquired a company for a hundred million dollars basically invested and one of the largest deals out of India in the SaaS space. It's a company which primarily operates in the U S company called unboxed.”
Rajesh Jain Apr 23, 2022 ▶ 2:22 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022
Disclosure
Netcore Cloud employees own 25% of the bootstrapped company
“Yes, and we are 25% owned by employees, so I've got to make sure they also get some wealth creation.”
Rajesh Jain Apr 23, 2022 ▶ 12:06 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 positive
Assertion Not checkable as stated
Netcore Cloud delivers 18 billion emails per month as independent company
“So we do eighteen billion emails a month. Which is, I think, which would be among one of the largest ones. I mean, we are probably one of the few independent email companies left in the world”
Rajesh Jain Apr 23, 2022 ▶ 18:27 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 neutral
Disclosure
Netcore took 10 years to reach its first $1M in revenue
“So the first 10 years, Netco did not grow much, and we hit about a million dollars, I would say, in 2000 and seven or eight, thereabouts.”
Rajesh Jain Apr 23, 2022 ▶ 7:45 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 bullish
Opinion
Hybrid CPaaS and platform SaaS companies merit 6x to 10x revenue multiples
“I'd say that companies like ours should basically, we got a mix of CPaaS and the high, high and the platform business. I'd say we'd probably be valued anywhere between six and 10 times revenues. And maybe with some bonus for being profitable.”
Rajesh Jain Apr 23, 2022 ▶ 15:12 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 positive
Assertion Contradicted
Netcore Cloud historically operates at 17% to 18% profit margins
“So our profit margins have basically been about 17 to 18%.”
Rajesh Jain Apr 23, 2022 ▶ 12:35 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 positive
Assertion Not publicly verifiable
Netcore Cloud has been consistently profitable for 15 years
“We've been profitable for 15 years.”
Rajesh Jain Apr 23, 2022 ▶ 13:19 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022
Disclosure
Netcore acquired 90% of Unbxd, buying out all previous venture investors
“We've bought 90% in the company. Founders own 10%. The remaining 10%, they continue to run the company. Pawan and Prashant, great team there. So investors are out.”
Rajesh Jain Apr 23, 2022 ▶ 3:49 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 bullish
Disclosure
Netcore Cloud nears $100M ARR while remaining entirely bootstrapped
“So we are ourselves at about 85 now and we had unbox ten million. So we are very close to a hundred million ARR now and completely bootstrapped.”
Rajesh Jain Apr 23, 2022 ▶ 5:49 $12m profits, Bootstrapped, $95m ARR out of India
Apr 23, 2022 positive
Prediction Didn’t hold up
Netcore Cloud plans to IPO in India within 12 months
“We're also planning to do an IPO in India in about 12 months time.”
Rajesh Jain Apr 23, 2022 ▶ 12:02 $12m profits, Bootstrapped, $95m ARR out of India
Jul 12, 2023
Disclosure
Rajesh Jain: Netcore paid nearly $100M cash from internal accruals for Unbxd
“And then, ah, we had a very large acquisition that we did unboxed. Ah, again, all from internal accruals, ah, close to a hundred million dollars last year. Again, we paid cash, ah, for the business”
Rajesh Jain Jul 12, 2023 ▶ 9:21 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Jul 12, 2023
Disclosure
Rajesh Jain owns 75% of Netcore and employees own 25%
“If you control your own destiny, you own, I mean, in our case, 75%. I'll talk about that. 25% is employees.”
Rajesh Jain Jul 12, 2023 ▶ 12:06 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Jul 12, 2023
Disclosure
Rajesh Jain has never raised outside capital in his entire life
“And, ah, I've never raised capital in my life.”
Rajesh Jain Jul 12, 2023 ▶ 11:39 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Jul 12, 2023
Assertion Supported
Jain: Netcore Reached $100M in Revenue and Prior Exit Exceeded $100M
“The first one I sold for a hundred million plus, and the second one I'm still running, Netcore, we'll talk about that. That's hundred million in revenue.”
Rajesh Jain Jul 12, 2023 ▶ 2:16 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Jul 12, 2023 bullish
Assertion Not checkable as stated
Rajesh Jain: Netcore's per-share value grew at 25% CAGR over 10 years
“And if I look at the last 10 years, the per share value of, ah, Netcore Has grown 25% CAGR. That's 10 X in 10 years.”
Rajesh Jain Jul 12, 2023 ▶ 3:04 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Jul 12, 2023
Insight
Jain: A company cannot run with two power centers
“Once I got the CEO, I said there only has to be one leader in the company, it cannot be me, it's the CEO, so even if I disagree, I have to tell the CEO privately, rather than publicly because a company cannot run with two power centers.”
Rajesh Jain Jul 12, 2023 ▶ 8:38 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
Dec 24, 2024 positive
Disclosure
Jain: Netcore Did Not Grow for 10 Years Until Adding Email/SMS
“Netcore, actually, I didn't put in too much money, because first 10 years you were too small, not growing. And then we did something right. We basically started email and SMS marketing in India, and those just turned out cash.”
Rajesh Jain Dec 24, 2024 ▶ 1:33 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
Dec 24, 2024 positive
Assertion Partly supported
Jain: Netcore accumulated $100M cash reserves from profits by 2020
“So we built it up to about a hundred million in by 20 20.”
Rajesh Jain Dec 24, 2024 ▶ 6:16 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
Dec 24, 2024 neutral
Assertion Not checkable as stated
Netcore Sends About 35 Billion Emails Monthly
“We send out about thirty-five billion emails a month.”
Rajesh Jain Dec 24, 2024 ▶ 12:01 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
Dec 24, 2024 bullish
Assertion Not checkable as stated
Jain: AMP Email Generates 5x to 10x Increases in User Actions
“The removal of the friction of the click through to a website or app, I mean, we have seen five times, 10 times increases in actions.”
Rajesh Jain Dec 24, 2024 ▶ 9:46 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
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