Friday, February 7, 2014

Now TrueCaller reach half a billion - Computer Sweden

True Software is co-founder Alan Mamedi and Nami Zarringhalams third.

True Software is co-founder Alan Mamedi and Nami Zarringhalams third.

Swedish True Software and the app TrueCaller is currently at 40 million users around the world. The new money will be used to check the app on to half a billion users before the end of 2015. An ambitious goal, but cofounder Nami Zarringhalam am convinced that Sequoia is right investors to take with you on that journey.

Class=”paragraphIntro”> – It’s great to get into Sequoia and access to the expertise and the network of contacts. It is the best investors we have imagined, he says.

class=”paragraphIntro”> Sequoia has previously invested in Klarna and also even Klarna-founder Sebastian Siemiatkowski and Niklas Adalberth are as reported Dagens Industri by the new owners in True Software.

class=”paragraphIntro”> Founded in 2009 of Nami Zarringhalam and Alan Mamedi. Last fall, ended the four on Computer Sweden HIT list of hot new IT companies. True Software has grown rapidly in the past year, both in terms of number of employees and number of users. Today, 37 people at the company, compared with 17 for just over a year ago.

class=”paragraphIntro”> the company to take as much money right now explains Nami Zarringhalam with that want to grow with smartfonemarknaden in India, Brazil and countries in Africa and the Middle East.

class=”paragraphIntro”> – We need to be faster when it comes to developing the app and need people to take care of everybody, he says.

India is the company main market with 23 million users and Nami Zarringhalam says that its app has been installed in every four Indian smartphone.

– We are pre-installed on many Android phone manufactured by the domestic Indian mobile brands, he says.

class=”paragraphIntro”> Another way to grow for TrueCaller is to sign agreements with mobile operators. In India, the company also has an agreement with Twitter that also help to strengthen the database of names and phone numbers. In connection with the investment from Sequoia became official also presented an agreement with consumption pin Yelp that will strengthen the quality of the database when it comes to business.

class=”paragraphIntro”> – contract deals about to improve the product and to improve accessibility, says Nami Zarringhalam.

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