Netcore Cloud is all set to go Public within a year

Pioneer of India’s Internet Industry, Rajesh Jain is all set to launch the Initial Public Offering (IPO) Of his second startup- Netcore Cloud. It is speculated that the IPO of Netcore Cloud will be launched within a year. These reports come after a recent acquisition of California-based e-commerce search-personalization company Unbxd Inc. by Netcore cloud for an amount of $100 million. It acquired a 90% stake for that amount.  Mr. Jain while explaining about the acquisition and the IPO said: “We’ve had initial conversations with half-a-dozen bankers and the formal process will start in the next couple of months. We are targeting an IPO within the next nine to 12 months.” Netcore cloud is headquartered in Mumbai. It is a software-as-a-service, or SaaS startup. It offers customer communication and engagement solutions to businesses.  Mr. Jain further informed that Netcore is IPO-ready because it is “a large global SaaS company out of India, very profitable and dominates India and emerging markets like Southeast Asia.”