Truecaller raises $18.8 million from Sequoia, others

Stockholm-based Truecaller today said it has raised USD 18.8 million from a group of investors, led by Sequoia Capital, in the second round of financing.

Others in the group included existing investor Open Ocean, Truecaller Chairman Stefan Lennhammer, and a private investor who is known for his high profile Silicon Valley investments, Truecaller said in a statement.

The company had received funding of USD 1.3 million in September 2012 by Open Ocean, an investor in European software start-ups with large user bases or communities.

Truecaller, which has over 45 million users, including in India, helps phone users identify callers and block spam calls.

"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," Sequoia Capital's Shailesh Lakhani, who has joined the board at Truecaller, said.

The company is also integrating Yelp API data as part of its new product launch on Android and iOS, which allows users to identify reviewed businesses globally. It also incorporates social features to make it easier for users to update contacts and get in touch with people they may know.

With Yelp integration, Truecaller users can now identify local, national, and international businesses, and also view their Yelp rating.

"This integration takes Truecaller’s own search engine to find people and identify numbers, and combines it with Yelp’s crowdsourced business ratings to create one place for genuine and accurate information for the world to use," the statement said.

The ability for users to take advantage of Yelp’s local listings follows on a major partnership that Truecaller forged with Twitter to allow users to tweet and follow other users directly through the Truecaller app.

"2013 was an amazing year for Truecaller and our latest partnership with Yelp expands the value of our service to millions of new users," Truecaller co-founder and CEO Alan Mamedi said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Rajgopal Nidamboor

Let the spirit of sport pervade everyday life

Sport, like meditation, is nothing short of a spiritual act. ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture