Truecaller turns profitable

Bengaluru: Swedish caller identification app Truecaller on Tuesday said that the company has achieved profitability over the last four months and also crossed 200 million monthly active users (MAUs) around the world.

Truecaller, which now has over 150 million monthly active users in India, said its aggressive growth in advertising sales and premium subscriptions in India have been a driving force in its revenue generation.

“We are thrilled and humbled that we have been profitable for the last several months while simultaneously growing revenues at over 70 per cent annually,” Sandeep Patil, Managing Director, Truecaller, said in a statement.

“We will continue to grow revenues through investments in advertisement, subscriptions, credit and financial services. We will make in India for India by recruiting talent across technology, product management, data sciences and finance and by developing partnerships across the ecosystem,” Patil said. (IANS)

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