Truecaller shares crash as activist short-seller Viceroy accuses it of tax fraud, redundant business model

September 29, 2022

India contributes almost 80% of Sequoia backed co’s revenues and over 70% of daily active users. Regulatory and legal crackdowns have forced the company to skirt “regulations and/or avoiding taxes through uncreative loopholes” Viceroy said in the report published Wednesday.

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