May 30th 2024.
In an exciting announcement, the popular caller identification app Truecaller shared that it has achieved a monumental feat of 400 million monthly users. This impressive growth has been seen in various regions around the world, with a significant increase of 10.1 million users since March 31 of this year.
Alan Mamedi, the co-founder and CEO of Truecaller, commented on this exciting milestone, stating that the advancement of technology and the rise of fraudulent activities have played a role in this remarkable achievement. In response, Truecaller has continued to enhance its app and add new features to protect its users from potential scams and threats before, during, and after phone calls or text messages.
During the first quarter of 2024, Truecaller reported an average of 383.4 million active users per month. By the end of the quarter, this number had grown to a staggering 389.9 million monthly active users. This remarkable growth is a testament to the app's popularity and effectiveness in providing reliable caller identification services.
In addition to its global growth, Truecaller has also seen a significant increase in net sales in India during the first quarter of this year, with the country accounting for 74.2 per cent of the total net sales. This makes India one of the largest markets for Truecaller, contributing to growth across all three revenue streams - Truecaller for Business, Premium subscriptions, and Ads.
Overall, Truecaller's continued success and growth highlight its commitment to providing top-notch services to its users, especially in the face of increasing technological advancements and fraudulent activities. With its strong presence in both global and regional markets, Truecaller is poised to continue its impressive growth and provide reliable caller identification services to millions of users worldwide.
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