Truecaller, a caller ID verification platform, announced opening its first exclusive office space outside of Sweden in Bangalore.
The office was virtually inaugurated by Rajeev Chandrasekhar, Union Minister of State for Skill Development and Entrepreneurship & Electronics and Information Technology.
According to a press release from the company, the facility in Bengaluru is located in a renovated space with 30,443 square feet that can occupy up to 250 employees and features cutting-edge amenities and technology.
According to Truecaller, this facility would be its main hub for delivering innovations that will be available in India initially and serving users globally. This office is the largest establishment of Truecaller outside of its headquarters in Stockholm, Sweden.
Truecaller, launched in the country a decade ago, now has 338 million monthly active users, 246 million of whom are from India, according to the company.
The company claimed that India offered unique opportunities for the Truecaller platform to introduce new products and services. It also highlighted how the feedback it received allowed it to develop its products further, which was crucial to its capabilities for innovation and growth.
In congratulating Truecaller, Minister Chandrasekhar said that the company’s decision to establish an exclusive office in India represents India’s development as a trusted technology partner to the world.
Truecaller’s CEO and co-founder Alan Mamedi said that the new facility in Bangalore reaffirmed the company’s ongoing investment in India.
“The government’s vision and focus is on enabling entrepreneurship and expansion of a vibrant innovation and startup ecosystem in India,” Chandrasekhar said. “The journey to where we are today in 2023 as one of the most exciting and fastest-growing ecosystems in the world has been a result of the hard work of many years where our Prime Minister had outlined and set out one of the key goals of making India a technology enabler.”
“We want to continue to serve India’s digital society and economy with the best experience on our app, with safety and privacy as core operating principles,” Mamedi said. “Our company’s growth in India has been closely linked to the increasing use of smartphones and the internet… We remain committed to the safety of our users and the values of Digital India, of an open, trusted, safe and accountable internet,” he said.