TrueCaller Confirms $18.8 mn Series B Funding From Sequoia Capital India; Partners With Yelp

As we’d reported in January, TrueCaller has raised funding from Sequoia Capital. The Swedish app company, which has a fast growing user base, has raised $18.8 mn in a Series B round led by Sequoia.

Existing investor Open Ocean, Truecaller Chairman Stefan Lennhammer, and a private investor also participated in the round.  The Stockholm-based company with more than 45 million users has a very big number of users in India.

TrueCaller raised $1.3mn from Open Ocean Capital in September 2012.

Truecaller Growth in India
Truecaller Growth in India

The company has also partnered with Yelp, to integrate API data as part of its new product launch on Android and iOS, which will let users identify reviewed businesses globally (This is a bit of a Googly for Zomato, which is now hitting International markets where Yelp has been a strong player. Restaurant listing service Zomato is also a Sequoia backed company).

The new Truecaller release will have social features to make it easier to update contacts and get in touch with ‘people you may know.’

Shailesh Lakhani of Sequoia has joined the Truecaller board.

With Yelp integration, Truecaller users can now identify local, national, and international businesses, and also view their Yelp rating. It’s a mix of Truecaller’s search engine to find people and identify numbers, and Yelp’s crowdsourced business ratings. Makes us wonder if this isn’t a tad bit in the Google territory?

Earlier, Truecaller partnered with Twitter India (Rapportive, tera kya hoga?) so you can see a persons Twitter handle when they call your phone.  VC firm LightSpeed recently invested in PhoneWarrior, an NCR based startup building a cloud-based platform to crowdsource mobile phone numbers.

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