HomeOther TechAppsTruecaller surpasses 300 million monthly active subscribers globally 

Truecaller surpasses 300 million monthly active subscribers globally 

Truecaller saw a  revenue growth of 129 percent combined with an adjusted EBITDA margin of 37.6 percent in the third quarter of 2021.

The popular caller identification app Truecaller today announced that it now has 300 million monthly active users worldwide with 220 million users in India only. 

Alan Mamedi, CEO and co-founder of Truecaller commented, “We started small but always had big ambitions for Truecaller. To reach 300 million active users is a milestone for all of us who have worked hard to make Truecaller the fantastic platform that it is today. Over the past decade, we have worked hard to make Truecaller the vital service that is used by so many and I am humbled by the trust that so many millions of users put in our platform. We have a clear strategy to continue growing our company by developing the product to enhance the user experience and thereby welcome even more users in the future,”

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According to the company, over a year ago Truecaller had 250 million subscribers that grew to 50 million users in October 2020. Truecaller was launched 11 years back and is now available in over 100 countries and supports multiple languages. While India is the largest market with over 220 million active users and a nationwide reach.

The 300 million milestone was reached on November 22, 2021. Apart from the core features of call identification and spam blocking, Truecaller has launched features like Smart SMS, Inbox Cleaner, Full-Screen Caller ID, Group Voice Calling, and others for an enriching user experience and taken various initiatives in the recent past like covid relief to help provide easy access to a large set of updated information related to covid designated hospitals, test centres and even identifying scammers to save people from dealing difficult situations.

Previously, the company revealed that its operating revenue amounted to SEK 312.8 (136.5) million in the quarter and the average number of monthly active users was 292 million. Its revenue increased by 141 percent to SEK 737.6m (306.0) compared to the same period last year.

Alan Mamedi, CEO of Truecaller also stated, “We see a continued strong growth trend both in terms of users and revenue during the third quarter and we are very proud of the momentum we have managed to achieve. Operating revenue amounted to SEK 312.8 (136.5) million in the quarter and the average number of monthly active users was 292 million. Truecaller is the leading service for verifying calls and messages between people and companies and is the fastest growing platform in emerging markets in Asia, the Middle East and Africa.”

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Komila Singhhttp://www.gadgetbridge.com
Komila is one of the most spirited tech writers at Gadget Bridge. Always up for a new challenge, she is an expert at dissecting technology and getting to its core. She loves to tinker with new mobile phones, tablets and headphones.

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