Truecaller invests in game development company Mayhem Studios
Truecaller acquires 4+ percent of the shares in the Singapore-based game development company Mayhem Studios Private Ltd. for roughly SEK 30 million. The company focuses on developing mobile games for the Indian market. Other investors include Sequoia and Mobile Premier League.“Truecaller has a unique position in India with approximately 250 million users and is today one of India's most used apps. Mayhem Studios is an exciting company which is well positioned to take market share in the fast-growing Indian market for mobile games. We also see that the collaboration with Mayhem Studios will