Caller ID app Truecaller mentioned on Thursday that it crossed the 450 million person mark earlier this week. The firm mentioned that it added 50 million customers up to now 10 months and 15.5 million customers because the starting of 2025.
India is the corporate’s greatest person base, so it wasn’t stunning to see Truecaller selling its Chief Product Officer and MD of India operations, Rishit Jhunjhunwala, to CEO after the corporate’s co-founders determined to step again from day-to-day operations final yr.
Jhunjhunwala mentioned that whereas India stays a vital marketplace for Truecaller, the corporate additionally noticed progress in different areas.
“We are proud that we now serve greater than 450 million customers globally. As earlier than, we proceed to see regular progress in our largest market, India, however the quickest relative progress is in markets outdoors of India. So far in 2025, we see robust progress traits in Latin America, South Africa, Kenya, Nigeria, Malaysia and the U.S., to say a number of markets,” he wrote in a weblog put up.
However, Truecaller’s prospects in India could be hindered. The nation’s telecom division is pushing cell carriers to implement their very own caller ID programs, which may rival the Sweden-based firm’s product.
Truecaller mentioned all through This autumn 2024, it maintained an energetic person base of almost 430 million customers. The firm reported optimistic outcomes for the quarter ended December 2024, with internet gross sales up 23% and revenue after tax up 29% from a yr earlier. The firm’s inventory is up greater than 33% because the starting of this yr.
Earlier this yr, the corporate up to date its app to work higher with iOS. Before that replace, due to working system degree restrictions from Apple, Truecaller’s stay caller ID function wasn’t on par with its Android model.
Truecaller has additionally tried to diversify its choices with merchandise like name recording and transcription, in addition to an AI-powered assistant for name screening. It has additionally been making an attempt to enhance its SMS and chat consumer.
