Truecaller has received a funding worth $60 million from Atomico, Kleiner Perkins Caufield & Byers and Sequoia Capital. The raised funds will be used by the comapny to fuel product development, hire new talent and expand the company’s global footprint.
As a result of the funding, John Doerr, partner at KPCB, Mattias Ljungman, managing partner at Atomico, and investor Jerry Murdock will be joining Truecaller’s board. The latest round of funding follows the $18 million funding received by the company from Sequoia Capital in February this year.
Truecaller currently has 85 million registered users worldwide and almost 40 million are from India alone. The company helps users search contact numbers, block spam and identify incoming calls to their mobile phones. It claims that more than 2 lakh users are joining the service everyday and that the company is recording a significant growth in emerging markets like India, the Middle East, Brazil and Africa.
The app is available for free on Android, iOS, Windows Phone, BlackBerry and Nokia feature phones. In July this year, the app was also launched for Android Wear platform.