Now it wants to expand elsewhere, like the U.S., and will be building out the company’s office in the Bay Area. The company is projected to hit 300 million users this year. Truecaller, founded in Sweden, has seen a lot of traction in markets like India, its biggest market at 80 million users. The plan will be to use the funds to grow the product. To date, True Software, maker of Truecaller, has raised around $80 million. Previous investors include Atomico, Kleiner Perkins Caufield & Byers, Sequoia Capital, Access Partners and Open Ocean. The round is likely to have previous and new investors. We’re hearing that Truecaller has hired Morgan Stanley to lead the process, and there are term sheets out. TechCrunch has learned that Truecaller - a caller ID app that now has 150 million users - is looking to raise around $100 million at a $1 billion valuation. For me, I find it most useful when I’m riding a bike or driving down a busy road.Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another one of them may soon enter the so-called unicorn club. This comes in real handy if you don’t have time to look at the front of the phone before deciding to answer it. Now when someone calls you your phone will read their name or number to you out loud. On the next screen, Tap to Check the box next to Speak incoming CallerID. On the settings menu, Tap Text-to-speech. * Must be on your Home Screen in order to access settings this way. This can be done from the menu button on the outside of your phone*, or by launching the app from the App Drawer. If you have a favorite, let us know in the comment section below. Another option to get this ability is to install a Caller ID app from Google Play. These steps may not work with modern versions. Editor Note: This article was written several years ago with an old version of Android.

Caller id app