Truecaller logs 140 mn monthly active users, bets big on India market

Truecaller, the caller identification service provider, is betting big on the India market, and is planning to launch several financial services products this year.
 
The Swedish company said it had become profitable over the past four months and also crossed 200 million monthly active users around the world. Of these, 140 million users are based in India, said Sandeep Patil, India managing director (MD). “India is 70 per cent of our user footprint. And, still it’s one of the fastest-growing geographies. In Just last year, we grew 23 per cent in India, faster than mobile phone penetratation growth,” he