Truecaller received a funding of USD 60 million (over Rs 368 crore) from a group of investors, including AtomICO and Sequoia Capital in October.
The company will use the Series C round of financing to fuel product development, hire new talent and expand the company’s global footprint, including in its largest market India.
“We have over 200,000 new users joining daily and almost half of this are from India. About 40 million of our userbase is from India. The number of smartphone users is growing strongly here,” TrueCaller chief executive officer and co-founder Alan Mamedi had said.
He added that looking at the importance of the Indian market, the company had set up an office here last year.
“We will add 3-5 people more at the office in Gurgaon,” he had said.
Truecaller also runs another app, Truedialer, to offer users details of a person before the outgoing call is connected. Launched in October, Truedialer already has more than two million users.
Truecaller has launched an update for its app on Google Play. The new update focuses on predictive style features, which suggests who to contact based on call history, time of day, and place.
Truecaller has surpassed 100 million users globally, and has doubled its daily new users in less than three months. Consumers use Truecaller to identify unknown numbers, block unwanted calls, and search contact information among people and businesses. In addition to the surge in the user base, Truecaller also receives more than 1.5 billion search requests per month.
Receive Suggested Contacts: Truecaller can now predict who you may want to reach and make relevant suggestions based on call history, time, or location.
Complete Contact Profiles: Truecaller keeps the phonebook up to date with relevant information by adding social media profiles and photos.
Smarter Search and Discovery: Now you can search within your contacts as well as names and numbers beyond your existing phone book with an extensive list of more than 1.5 billion contacts.
Easily Place Calls and Send Texts: Once a user profile is pulled, you just need to swipe left to text or swipe right to place a call.