Comments
Truecaller, a verified mobile phone community, has received a $18.8 (about ₹117 crore) million funding from an investor group led by Sequoia Capital.
Others in the group are Open Ocean, an existing investor, Truecaller Chairman Stefan Lennhammer, and a private investor who is known for his high-profile Silicon Valley investments, the company said in a statement.
Truecaller is a Stockholm-based company with more than 45 million users who currently utilise the service to block spam calls and help identify unknown phone numbers.
“Truecaller is among the most engaging applications in many high growth smartphone markets, as it helps make users more efficient in avoiding spam calls and know who is calling them. We are excited to help support the company’s growing user community,” according to Shailesh Lakhani, Sequoia Capital, who has joined the board at Truecaller.
rajesh.kurup@thehindu.co.in
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.