Truecaller hits a milestone of 300 million monthly active users

Caller identification firm Truecaller has declared that it has crossed a milestone of three hundred million monthly active users on November twenty one, up from 250 million users in the month of October last year.

India is the largest marketplace for the Swedish firm with over 220 million monthly active users, up from 178.1 million users as of September last year.

“Over the past decade, we’ve worked arduously to form Truecaller the very important service that’s employed by so many people and that i am humbled by the trust that a big amount of users place in our platform,” says Alan Mamedi, business executive and co-founder of Truecaller.

“We have a transparent strategy to continue growing our company by developing the merchandise to boost the user expertise and thereby welcome even additional users within the future,” he added.

Founded in 2009 by Mamedi and Nami Zarringhalam, Truecaller offered decision identification and spam block options to its users who has afterward expanded its offerings with options like good SMS, Inbox Cleaner, Full-Screen caller ID, cluster Voice line of work, and others.

Truecaller conjointly earns the bulk of its revenues from India. It clocked revenues of around $25 million (214 million Swedish Krona) in Q3 2021, registering a 111 % increase on a yearly basis. India contributed regarding 68.3 % of the company’s Q3 2021 revenues that stood at $36.48 million (312.8 million Swedish Krona).

Truecaller went public in the month of October 2021 by listing its category B shares on NASDAQ national capital. Founders Zarringhalam and Mamedi will manage a majority of the company’s option power through their possession of the firm’s high-vote category A shares.

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