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vishakha Jangir
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Set2Score • 21h
𝗛𝗼𝘄 𝗱𝗶𝗱 𝗧𝗿𝘂𝗲𝗰𝗮𝗹𝗹𝗲𝗿 𝗯𝘂𝗶𝗹𝗱 𝗮 𝘀𝘁𝗿𝗼𝗻𝗴 𝗽𝗿𝗲𝘀𝗲𝗻𝗰𝗲 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮? Truecaller is a Swedish software company founded in 2009, specializing in caller identification, spam blocking, and communication management. Headquartered in Stockholm, Sweden, with a strong presence in India, Southeast Asia, and Africa. Business model includes ad-supported free services, premium subscriptions, and enterprise solutions under Truecaller for Business. As of December 31, 2024, reported approximately 429.4 million monthly active users (MAUs), an increase of 55.4 million from 2023. Net sales in Q4 2024 increased by 23% to SEK 522.8 million, up from SEK 424.7 million in Q4 2023. EBITDA rose by 19% to SEK 201.1 million, with an EBITDA margin of 38.5%. Net profit grew by 29% to SEK 150.4 million. Recurring revenues from Truecaller for Business and Premium subscriptions increased by 42%, making up 29% of total revenue. Advertising revenue grew by 17% compared to Q4 2023. Truecaller was listed on Nasdaq Stockholm in 2021. Key competitors include Google’s Caller ID, Apple’s spam detection features, and various regional spam-filtering apps. Focuses on AI-driven fraud detection, call verification, and business communication solutions. Partnerships with telecom operators and government agencies to enhance scam prevention and regulatory compliance. Strong growth in business services, enabling enterprises to verify calls and improve customer engagement. Expanding fintech services in some regions, offering digital lending and payment features. Alan Mamedi and Nami Zarringhalam co-founded the company in 2009. Founders received Svenska Dagbladet’s honorary award, SvD Affärsbragd, in 2022. In February 2025, Rishit Jhunjhunwala became CEO after the co-founders stepped down from operational roles. Follow vishakha Jangir for more such business insights.
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