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A Dotcom Era Pioneer in India Readies Second Startup for an IPO

Rajesh Jain in 2009.

Rajesh Jain in 2009.

Photographer: Hemant Mishra/Mint/Getty Images

Rajesh Jain, 54, a pioneer of India’s internet industry, is readying his second startup Netcore Cloud Pvt. for an initial public offer within the next year, fresh after a $100 million acquisition this month.

“We’ve had initial conversations with half-a-dozen bankers and the formal process will start in the next couple of months,” Jain said over a Zoom call discussing the acquisition and the IPO. “We are targeting an IPO within the next nine to 12 months.”