Kurmanath interviewed me about Netcore’s future plans. Here’s his story. An excerpt below:
“We are planning to acquire a company that can give us a good customer footprint (in the US) or a company that can complement our products,” Rajesh Jain, Founder and Managing Director of Netcore Cloud, told BusinessLine.
Describing his company as a ‘proficorn’, a company that never raised funds yet profitable, he said the company would use accumulated profits to acquire a company with a ticket size of $50-100 million to give it an edge in the US market.
…Unlike most of the cloud firms that target the Western markets, Netcore Cloud has a strong base in India. About 85-90 per cent of its revenues come from India, with the Emerging markets of West Asia and Africa chipping in 12 per cent and 3 per cent from the US.
“We are going to change this (revenue break-up) in the next two-three years. We would like to see the Emerging markets and the US contributing 20 per cent each to our revenues, with India contributing 60 per cent,” he said.
