Friday, 24 March, 2023

TrueCaller aiming to raise over $100M in IPO

<p>Swedish Caller-ID service TrueCaller said it wants to raise $116M in an initial public offering at the NASDAQ Stockholm. According to reports, the company plans to do its listing by the fourth quarter and is aiming for a $3B valuation in the IPO. With India as its biggest market, the firm has over 278M active monthly users and has raised up to $95M over the years through various funding rounds, with Sequoia Capital and Atomico, amongst its investors.</p> <p>&nbsp;</p>