| Log in

Former Vodafone CEO Arun Sarin picks stake in Truecaller

By PTI
09 June, 2016

Former Vodafone Global chief executive Arun Sarin has picked up minority stake in phone directory app Truecaller for an undisclosed amount.

This is Sarin’s third investment after taxi aggregator app Ola (July 2015) and music streaming company Saavn (September 2015). Sarin will be joining Truecaller’s advisory board followed by a capital investment in the company, Truecaller said in a statement.

Scandinavia-based Truecaller’s other investors include Access Partners, Atomico, Sequoia Capital and Kleiner Perkins Caufield & Byers. “The notion of knowing who’s calling is a tremendous important piece of information for anyone with a phone.

Having run a global mobile company I know operators do not like having calls that are not being picked up in their network,” Sarin said. Truecaller gives the consumer the right piece of information so they can complete the call, he added.

“That is where I see a huge potential for Truecaller to be part of the bigger ecosystem. This should be a gift from every operator to their customers,” he said. With his global experience and network, Sarin will be focusing on supporting and advising the company on the overall strategy, the statement said.

India is the largest market for the Scandinavian company, where it has over 100 million users. Globally, it has over 150 million users. Its other major markets include the Middle East, North Africa and the US.

“Over the last few years, we have grown at an exponential rate both in terms of business and user base… We are delighted to have Arun Sarin on our advisory board providing us with required strategic direction at a time when the industry is going through a massive transformation,” Truecaller CEO and co-founder Alan Mamedi said.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Truecaller secures $18.8M led by Sequoia Capital, announces integration with Yelp

Truecaller secures $18.8M led by Sequoia Capital, announces integration with Yelp

Sainul K Abudheen 4 years ago
Truecaller, a collaborative mobile phone directory app developed by Swedish...
Former Vodafone Boss Arun Sarin Joins KKR As Senior Advisor

Former Vodafone Boss Arun Sarin Joins KKR As Senior Advisor

Madhav A Chanchani 8 years ago
Arun Sarin, former CEO of telecom heavyweight Vodafone, has rejoined private...
Former Vodafone CEO Arun Sarin joins Ola as independent director

Former Vodafone CEO Arun Sarin joins Ola as independent director

Debjyoti Roy 2 years ago
Online cab booking service Ola (formerly Olacabs) has roped in former Vodafone...
No Comments

Former Vodafone CEO Arun Sarin picks stake in Truecaller

Powered by WordPress.com VIP