Swedish startup’s phone directory app, Truecaller has officially announced an investment of $18.8 Mn led by Sequoia Capital, which it plans to use to fuel expansion. With the funding, Shailesh Lakhani, Sequoia Capital, has joined the Truecaller board. According to reports, the funding will value 5 year old company at $80 Mn, which is yet to monetize. Truecaller was launched in 2009, but has gained massive hike in user base last year, it had 8 Mn users at the beginning of 2013 and reached 45 Mn as of this month, out of Indian users account for 50%.
Founded by Nami Zarringhalam and Alan Mamedi, Truecaller had initial raised $1.3 Mn in 2012. The app is available on the web, as well as on iOS, Android, Blackberry, Symbian and Windows Phone platforms.
With the funding round, the company has also announced its partnership with Yelp, which will allow Truecaller users to identify local, national, and international businesses, and also view their Yelp rating. Last year, Truecaller had also partnered with Bangalore based Innoz Technologies, to enable users to search for people by texting their phone numbers. Recently, it had also partnered with Twitter, which allows users to find people active on Twitter just by entering their phone numbers in and can even follow twitter users and tweet by using the app.
Hyderabad based e Health Access Pvt Ltd owned eVaidya.com which provides both online and offline healthcare services has raised Rs 3.5 Cr in a recent funding round with participation of new and existing investors. The company plans to use funds for technology development and to enhance the growth.
The company is specialized in providing healthcare solutions through advanced telemedicine technology. Its dedicated 24/7 telemedicine service that includes doctor consultation over the phone and online consultation (video conference, chat or e-mail) provides an interface between patients and doctors / specialists.
As per the website, it has over 40000+ registered Customers and 500+ panel Doctors across India. The company also has plans to launch mobile app for Android, iPhone and Windows Smartphones.