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ruecaller has hired Morgan Stanley to lead the process, and there are term sheets out. The聽round is聽likely to have聽previous and聽new investors.To date, True Software, maker of Truecaller, has raised around $80 million.聽Previous investors include聽Atomico,聽Kleiner Perkins Caufield & Byers,聽Sequoia Capital,聽Access Partners聽and聽Open Ocean.The plan will be聽to use the funds聽to grow聽the product. Truecaller, founded in Sweden, has seen a lot of traction in markets like India, its biggest market at 80 million users. Now it wants to expand elsewhere, like the U.S., and will be
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building out the company 聽office in the Bay Area.聽The company is projected to hit 300 million users this year.Truecaller works by aggregating directory services via deals with white pages companies, and platforms聽like Yelp to bring in businesses. It complements this聽with crowdsourced information from the app s users. That includes accessing you
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r own address book, although you can opt out Sady Burner Gets Business-Ready With Auto-Renewing Lines, Connections To Slack, Dropbox, Evernote amp; More
While there are many startups that claim to curate travel experiences Musement does this by concentrating on locations which might be harder to book in a seamless manner. Naturally, coming out of Italy, it s grown up putting together options around sightseeing, food and wine, tours, trekking and diving. It now plans to expand across Europe and the Americas.Launched at TechCrunch Disrupt in New York in 2013 its competitors in the market include Peek, Viator acquired by TripAdvisor in July 2014 and GetYourGuide.However
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, Musement claims to be different because while sev
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eral in-trip activity startups currently operate in this fragmented area, M
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usement aims at the experiential traveller . This market is said to be worth $100 billion globally and $37 billion in Europe alone.