Ahead of its $116 million IPO, Truecaller says India’s upcoming data protection bill may affect future earnings

Caller identification and spam blocking app Truecaller – which will soon go for an initial public offering in Nasdaq Stockholm, Sweden – is worried that India’s personal data protection bill may end up to be a business risk for the company.

Any data that can identify an individual – like names, addresses, financial information, IP addresses, cookies, device IDs and other data – are covered under the Personal Data Protection Bill, 2019.

The personal data protection bill will impact Truecaller’s operations in India, which contribute about 69 percent to its overall revenue.