- Suction on the back of the company’s plans to double ARR to $150 million by 2024 supported by organic and inorganic growth
- Accelerating expansion with new offices in Berlin, Germany and Madrid, Spain, and venturing into Bangladesh this month
Netcore Cloud, a world-renowned martech and CPaaS company, today announced plans to grow revenue in the international markets of North America, South America and Europe to 30-40% by 2025 through strategic partnerships and acquisitions. The company will also expand into other regions, including ANZ, the Middle East and the African continent. It will reach more than 1,600 employees by 2022, in order to achieve its international growth plans.
Inspired by its growing popularity in the Asian continent, Netcore Cloud has recently ventured into other regions including America, Africa, Australia and New Zealand and the Middle East. Today, the company operates two thriving offices in New York and Ottawa. He appointed Mr. Chantal Capablanca as head of the country for Australia and New Zealand. Since entering Europe last year, it has successfully established regional offices in Berlin and Madrid. Netcore Cloud will launch microsites in German, Spanish and Portuguese to further its euro expansion ambitions and meet the needs of a diverse user base. The company also announced its foray into Bangladesh with Brac Bank and Standard Chartered Bank. It will target other sectors including Telecom, Ecom, FinTech, FoodTech, Airlines, Travel and Retail in the coming days.
Speaking about this global expansion, Abithab Bhaskar, Global CEO, Netcore Cloud said, “The growing need for tech companies, coupled with relaxed regulations and a talent pool, has created a favorable environment for Indian tech companies to enter international markets seamlessly. As a result, Netcore Cloud now sees huge potential in global markets and aims to double its growth through organic and inorganic partnerships and acquisitions over the next two years.
Netcore Cloud believes that the pandemic and subsequent lockdown have given rise to an entrepreneurial economy with an enabling environment for startups. To help startups maximize the benefits of Netcore Cloud’s market-leading technology stack, the company will award $10,000 credits to startups in these countries.
Commenting on the company’s global expansion plan, Kalpit Jain, Group CEO, Netcore Cloud noted, “In the coming years, international expansion will be a major growth driver for Netcore Cloud. We currently have a strong leadership position in India. We want to replicate this feat in America, Europe, Africa, Australia, New Zealand and the Middle East as well. Email marketing has made a lot of noise in global markets. Netcore Cloud’s messaging business grew exponentially by 50% after the pandemic lockdown, with around 70% or $12.5 billion coming from emerging markets alone. Our dominance in the AI-powered customer engagement and personalization space over the past two decades uniquely positions us to capture greater market share. By 2022, we will have a strong global team of over 1,600 people who will fuel the company’s dynamic growth and maintain our global leadership in the SaaS solutions market.”
Led by Rajesh Jain, the internet pioneer of the 90s, Netcore Cloud has made a huge footprint in India as well as Southeast Asia. Today, over 75% of India’s email traffic and 50% of Asia’s email traffic is handled through its platform. While it dominates email marketing, the company has also made huge strides in customer engagement, marketing automation, personalization, and product experience for the messaging API and email. journey orchestration, armed with artificial intelligence for its contextual and personalized digital experiences. 3 out of 4 companies in India and 8 out of 10 unicorns use at least one of Netcore Cloud’s products. In BFSI, more than 80% of brands in India rely on Netcore Cloud solutions to improve their communications. In total, the company serves over 5000 customers including BYJU’S, Zimave, Crocs, Airtel, Flipkart, Myntra and ICICI Bank to name a few with a staff of over 800 globally.
About Netcore Cloud
Netcore Cloud is a SaaS platform that helps brands and B2C marketers create next-era digital experiences powered by AI at every touchpoint of a customer’s journey. By providing actionable analytics, real-time reporting, and fast-to-implement software, Netcore Cloud takes the guesswork out of customer engagement, enabling highly personalized digital experiences that are easily scalable and result in acquisition and retention. customer improvements. Brands using Netcore Cloud can create a unified view of their customers, enable omnichannel personalization, and optimize their user experience.
Headquartered in Mumbai, India, with 11 offices in the United States, Singapore, Malaysia, Nigeria, Indonesia, United Arab Emirates, United Kingdom and Germany, Netcore Cloud serves over 5,000 customers across the world. It sends over 12 billion emails and tracks over 100 billion marketing events every month. Netcore Cloud is a trusted partner across industries with some of the most respected brands like MaxLife Insurance, ICICI Bank, Standard Chartered, Flipkart, Myntra, Miss Amara, Airtel, Disney Hotstar, Canon, Puma, Tobi, EaseMyTrip, PizzaHut and McDonald’s. For more information, visit https://netcorecloud.com/