Pavel Durov, the founder and CEO of Telegram, introduced on his channel on March 18 that the corporate has secured $330 million value of funding by way of bonds to make sure the sleek functioning of the favored messaging platform.
Durov said on his channel,
This bond providing was oversubscribed, and we had been delighted to have world funds of the very best caliber with impeccable reputations as members. The phrases of the bonds (when adjusted for the Federal Reserve price) had been probably the most favorable for Telegram within the historical past of our firm.
Though Durov didn’t precisely reveal the names of buyers and the investing organizations, he hinted that world monetary institutes worth the expansion of the corporate. He mentioned,
I’m proud that each time we concern bonds we get higher at this course of. The elevated demand for our bonds reveals that world monetary establishments worth Telegram’s development in viewers and monetization.
Additional, the Telegram CEO additionally mentioned that these investments will “solidify their place as an impartial platform that is ready to problem the ‘Goliaths’ of the business.”
Notably, Durov additionally spoke up in an interview final week with the Financial Times. He introduced that Telegram goals to turn into extra worthwhile subsequent yr, if not this yr. Speaking about making Telegram public, he mentioned,
The principle purpose why we began to monetize is as a result of we needed to stay impartial. Typically talking, we see worth in [an IPO] as a method to democratize entry to Telegram’s worth.
Durov was known as the Mark Zuckerberg of Russia in 2007 after he co-founded VKontakte, a preferred social media platform in Russia. Six years later, in 2013, he based Telegram along with his brother Nikolai Durov. Pavel Durov mentioned that he needed to go away Russia after he refused to share the private Information of some Ukrainian VKontakte customers with the safety forces of Russia.