India, May 7 -- India continued its reign as Swedish caller identification platform Truecaller's largest market as the country accounted for 74.2% of its total net sales in the first quarter (Q1) of the calendar year 2024 (CY24).

India contributed $29.2 Mn (INR 244.2 Cr) to Truecaller's operating revenue in the quarter ended March 2024, up 8% YoY. In contrast, net sales jumped 9% YoY in Africa and the Middle East, and 24% YoY in the rest of the world.

Overall, Truecaller's total revenue from operations grew 10% YoY to $39.4 Mn (approximately INR 329.3 Cr) in the quarter under review as against $35.7 Mn (INR 298.4 Cr) in the year-ago period.

". While overall ad demand remains subdued, the timing of events like the Indian Premier League ...