Truecaller's India market share drops from 70% to mid-50s

India's share of Truecaller's total downloads has declined from over 70% at its peak to the mid-50s, with downloads from India falling 16% YoY in 2025. Truecaller's shares have fallen about 78% since its 2021 IPO. It has introduced features such as AI Assistant to drive monetisation. The app has nearly 70% of its global users in India.