Truecaller claims to have 100 million daily active users in India
- Sandeep Patil is a former Flipkart executive
- It is competing with the likes of Paytm, Amazon Pay and Google Pay in the payments space in India
Swedish caller identification app Truecaller has named Sandeep Patil, a former Flipkart executive, as its India managing director. Patil’s appointment comes at a time when Truecaller is gearing up to launch its institutional lending business in the country. He was heading the consumer and commercial lending vertical at Flipkart until recently. Truecaller, which claims to have 100 million daily active users in India, is already competing with the likes of Paytm, Amazon Pay and Google Pay in the payments space.
Speaking on the occasion, Sandeep Patil, Managing Director, Truecaller, said, “I am incredibly excited about joining Truecaller. We have a unique opportunity here to provide distinctive and empowering services that can improve the lives of our customers and drive their economic development. We consider India our home market where we want to deepen our presence, engagement and relevance. I look forward to further strengthening our innovative organization and collaborating with the ecosystem to take Truecaller to greater heights.”
Commenting on Sandeep’s appointment, Alan Mamedi, CEO and Co-Founder, Truecaller said, “It is great to have a leader like Sandeep on board. More than 100 million of our daily active users are based in India, making it the most important market for us. We are very excited to have Sandeep join our global management team and to elevate the organization to connect deeply with customers, employees and partners alike. Sandeep’s expertise and experience in consumer technology, financial services, and his strong global strategic experience will definitely help Truecaller fast track many of our ambitious plans and take it to the next level.”
Patil is without doubt one of the many India heads lately appointed by overseas corporations. Fb received on board Ajit Mohan, WhatsApp appointed Abhijit Bose and Twitter took in Manish Maheshwari as India leaders previously 12 months.
Fintech startups have collectively raised $1.5 billion in 2018 throughout 175 offers, as per information by Tracxn. With over 2,000 fintech startups in funds, lending, insurance coverage and private finance segments, competitors is hard.