Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Swedish caller identification app <keyword id="1106616" type="COMPANY" weightage="20" keywordseo="TrueCaller">Truecaller</keyword> on Wednesday announced the appointment of <keyword id="4561539" type="PERSON" weightage="20" keywordseo="Rishit-Jhunjhunwala">Rishit Jhunjhunwala</keyword> as the Managing Director for its India operations. Currently based in <keyword id="23050" type="LOCATION" weightage="20" keywordseo="Sweden">Sweden</keyword>, the company's headquarters, Jhunjhunwala will be moving back to Bengaluru and will be responsible for spearheading business strategies to expand the company's footprint and accelerate revenue growth in India. He would be also continuing his previous role as Chief Product Officer and would be overseeing the operations based in Delhi, Mumbai, and Bengaluru. "We wanted a leader like Rishit who can connect deeply with customers, employees and partners alike with his 6 years of extensive experience within the company," <keyword id="1972353" type="PERSON" weightage="20" keywordseo="Alan-Mamedi">Alan Mamedi</keyword>, CEO and <keyword id="170488" type="COMPANY" weightage="20" keywordseo="co-founder">Co-Founder</keyword>, Truecaller said in a statement. Jhunjhunwala joined Truecaller in 2015 as VP of Product and has led the evolution of the product since then, becoming Chief Product Officer in 2020. "I am looking forward to my next venture with Truecaller in India. I firmly believe that Truecaller will continue to transform the way the world communicates and bring great value to people around the world," Jhunjhunwala added. The company recently announced 200 million active users in India and over 270 million active users globally. The Indian market accounts for over 60 per cent of Truecaller's user base and is continuing to increase as a pivotal sector in their expansion. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/peter-thiel-backed-vc-firm-valar-ventures-invests-in-indian-fintech-startup-velocity/articleshow/81663073.cms">Peter Thiel-backed VC firm Valar Ventures invests in Indian fintech startup Velocity</a> <a href="https://www.businessinsider.in/stock-market/news/anupam-rasayan-ipo-lists-at-520-per-share-on-the-india-stock-exchange/articleshow/81663145.cms">Anupam Rasayan fails to dazzle on its stock market debut – shares down by nearly 8% below the issue price</a> <a href="https://www.businessinsider.in/business/startups/news/inshorts-backed-social-networking-app-public-raises-300-crore-in-latest-funding/articleshow/81663873.cms">Inshorts-backed social networking app Public raises ₹300 crore in latest funding</a>

Truecaller elevates its Chief Product Officer Rishit Jhunjhunwala to also head India operations

Arun Sarin, the former Vodafone CEO, has made a capital investment in the mobile communications app <keyword id="1106616" type="UNKNOWN" weightage="100" keywordseo="TrueCaller">Truecaller</keyword>, while also joining the company’s advisory board. 
 
Sarin would be bringing with him his global experience and network, using which he would focus on supporting and advising the company on the overall strategy, said a statement from Vodafone. 
 
The Sweden-based company is known to offers services related to caller ID, spam detection and search to its customers. 
 
"Over the last few years, we have grown at an exponential rate both in terms of business and user base, while also having the opportunity to work with companies like Sequoia Capital, Atomico, and KPCB, who have put their trust in us through investments and board roles," Alan Mamedi, CEO &amp; co-founder of Truecaller said. 
 
"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," Mamedi added. 
 Founded in 2009 by Alan Mamedi and Nami Zarringhalam, Truecaller has recently launched a new app, which includes improved features like a built-in dialer, and has also rolled out a developer-focused tool called <keyword id="3251011" type="UNKNOWN" weightage="100" keywordseo="TrueSDK">TrueSDK</keyword>. 
 
Arun Sarin holds a B.Tech degree in Metallurgical Engineering from IIT, Kharagpur, and an MBA from the Haas School of Business at the University of California. He is also on the board of directors of several MNCs like Cisco Systems, Ola Cabs, Charles Schwab and Blackhawk Networks. 
 
<a href="http://i.huffpost.com/gen/3159186/images/o-ARUN-SARIN-facebook.jpg">Image source</a>

Former Vodafone CEO Arun Sarin invests in Truecaller, joins board

India’s leading digital payments and financial services firm <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> swung to an operating profit for the first time in Q3FY23, significantly ahead of its target of September 2023. The QR and mobile payments pioneer posted EBITDA before ESOP costs of ₹31 crore, showing an improvement of ₹424 crore from a year ago. Paytm said its revenue from operations rose 42% year-on-year to ₹2,062 crore in the October-December quarter, with growth driven by increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business. Paytm Founder and CEO Vijay Shekhar Sharma tweeted, “Paytm, a business built from scratch with conviction on Digital India. From our first app release to becoming a verb in India to operating EBITDA profitability milestone - all in 10 years! Super Proud of Paytm team.” <div type="twitter" handle="kunalb11" handlename="Kunal Shah" image="http://pbs.twimg.com/profile_images/1190747917998546944/D3U5FNa7_normal.jpg" favoritecount="243" retweetcount="3" status="@vijayshekhar @Paytm Congrats, Vijay." createdat="1675442785000" id="1621550689112543232"></div> <div type="twitter" handle="RajanAnandan" handlename="Rajan Anandan" image="http://pbs.twimg.com/profile_images/378800000840024871/fb10b21c1166534dc307442c4f07f406_normal.jpeg" favoritecount="31" retweetcount="4" status="Congratulations @vijayshekhar and team @Paytm! https://t.co/y322QUVfHL" createdat="1675443652000" id="1621554324408242176"></div> The news of Paytm's profitability has been met with celebration from the startup and investor community, with CRED Founder Kunal Shah and Sequoia Capital India MD Rajan Anandan taking to social media to congratulate the company and its founder Vijay Shekhar Sharma. Alan Mamedi, the Co-Founder and CEO of Truecaller and noted YouTuber and investor Tanmay Bhat also congratulated Sharma. <div type="twitter" handle="thetanmay" handlename="Tanmay Bhat" image="http://pbs.twimg.com/profile_images/870589688465182720/RhRnOiGG_normal.jpg" favoritecount="86" retweetcount="0" status="@vijayshekhar @Paytm Awesome stuff! Congrats VSS!" createdat="1675443083000" id="1621551938314866691"></div> “Good first steps in the Marathon that lies ahead Vijay,” wrote UpGrad co-founder and serial entrepreneur Ronnie Screwvala. <div type="twitter" handle="helloanand" handlename="Anand Jain" image="http://pbs.twimg.com/profile_images/1460472641647611908/wW0e3qqx_normal.jpg" favoritecount="2" retweetcount="0" status="@vijayshekhar @Paytm Superb boss 🙏" createdat="1675445233000" id="1621560956546605061"></div> Edtech startups LEAD’s Sumeet Yashpal Mehta, Stage.in’s Vinay Singhal, HalloApp’s Neeraj Arora, logistics aggregator Raaho’s Imthiaz and CleverTap’s Anand Jain were among the founders who celebrated Paytm’s success and expressed their excitement for the company’s future. <div type="twitter" handle="neerajarora" handlename="neeraj arora" image="http://pbs.twimg.com/profile_images/1528054943671672833/1415qxDr_normal.jpg" favoritecount="23" retweetcount="0" status="@vijayshekhar @Paytm well done, a great milestone not only for Paytm but also the tech ecosystem." createdat="1675452310000" id="1621590637270245379"></div> HalloApp Founder and former Chief Business Officer of WhatsApp Neeraj Arora, who is also an independent director on Paytm’s board, called the development a great milestone not only for Paytm but for the entire tech ecosystem. Paytm's journey to profitability has become a source of inspiration for many other startups. “Inspiring for us. Headed in the same direction!” LEAD’s Sumeet Yashpal Mehta responded to Sharma’s tweet. “The sharp execution that you’ve privately been known for, was publicly visible in every single announcement over last few quarters .. was only a matter of time Excited about following the journey to $100Bn!!" wrote Leverage Edu’s founder Akshay Chaturvedi. <div type="twitter" handle="kapoortej" handlename="kapoortej" image="http://pbs.twimg.com/profile_images/1382138723261829122/6EwS2Nlj_normal.jpg" favoritecount="1" retweetcount="0" status="Many congratulations @vijayshekhar and team @Paytm ! 🚀 https://t.co/fO44JQUZLc" createdat="1675443834000" id="1621555086622343168"></div> Several venture capitalists including IvyCap Ventures’ Tej Kapoor, Ritesh Banglani of Stellaris Venture Partners and Pankaj Jain of Saka Ventures applauded Paytm’s feat. “Congratulations Vijay and the whole Paytm team! May this quarter be the first step in a long, profitable future,” said Banglani. <div type="twitter" handle="banglani" handlename="Ritesh Banglani" image="http://pbs.twimg.com/profile_images/1595727692581986307/7UC1g2J8_normal.jpg" favoritecount="2" retweetcount="0" status="@vijayshekhar @Paytm Congratulations Vijay and the whole Paytm team! May this quarter be the first step in a long, profitable future." createdat="1675449019000" id="1621576835476918273"></div> Several social media users congratulated Sharma on Paytm’s profitability milestone and inspiring youngsters across India. In a letter to shareholders, Paytm’s Sharma said he is confident the company will soon achieve its next milestone of becoming a free cash flow generating company. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Indian startup founders celebrate Paytm’s success as company posts first operating profit

<ul><li>Co-founder Alan Mamedi reveals his expansion plan in India, in an exclusive chat with Business Insider. </li><li>The Stockholm, Sweden-based startup is looking to increase its staff strength by 50% in India. </li><li>Jobs are likely to be in the team working on Truecaller Pay and the one working on machine learning models.</li></ul>Sweden-based Truecaller is looking to expand its India operations, co-founder Alan Mamedi told Business Insider in an exclusive interview. “We are around a 100 people here, we are going to grow it another 50% this year,” Mamedi said. One of the roles is that of product manager for its subscription product. India is the biggest market for Truecaller. “70% of all our users are in India,” according to Mamedi. The app <a href="https://tech.economictimes.indiatimes.com/news/mobile/truecaller-crosses-100m-daily-active-users-mark-in-india/68081542">recently</a> crossed the 100 million mark in India for daily active users. Truecaller, which started out as an application for caller identification in 2009, is today a player in payments too. New features added last year allow users to pay bills and send money directly to people on the contact list. The company, headquartered in Stockholm, will also sell start selling loans to small businesses later this year. And it needs techies to build those products. “We want to make sure that we continue to add more services connected to transactions on the Truecaller pay product,” Mamedi said. Truecaller is also looking to add its team that is working on machine learning models. For instance, how to identify a spammer at the first call itself. “Obviously, we think that there is high growth potential. Hence, we have invested in building operations here,” he said. And the 34-year old Mamedi is investing in engineers for now, not cash backs.

You Searched For "Alan Mamedi India" and got 4 results

Truecaller elevates its Chief Product Officer Rishit Jhunjhunwala to also head India operations

IANS

Former Vodafone CEO Arun Sarin invests in Truecaller, joins board

BI India Bureau

Indian startup founders celebrate Paytm’s success as company posts first operating profit

Insider Studios

Truecaller is looking to hire 50 techies at its Bengaluru office

Sriram Iyer

Popular Keywords

Buying Guides