Truecaller acquires US-based TextPlus for $15 million

The acquisition grants Truecaller control over the Los Angeles-based startup, which has developed a niche by offering VoIP calling and secondary phone numbers as a cost-effective alternative to traditional mobile carriers. TextPlus currently serves approximately 1.5 million monthly active users and reported $5.2 million in adjusted net revenue for the twelve-month period ending in May 2026, marking a 45% compound annual growth rate since 2023.

For Truecaller, the move is a strategic play to broaden its service ecosystem. By integrating TextPlus’s proprietary infrastructure, the company plans to introduce new features such as business-focused number solutions and internet-based calling. Rishit Jhunjhunwala, CEO of Truecaller, noted that the cultural alignment and financial discipline of the 14-person TextPlus team were key drivers in the decision to join forces. Following the transaction, TextPlus founder Scott Lahman stated the partnership would focus on restoring trust in mobile connectivity, a core mission shared by both organizations.