The well-secured and completely encrypted Telegram app for messaging has able to elevate prices over $1 billion by selling its bonds to some foreign investors. This huge statement has announced on Tuesday by Pavel Durov its Russia-born founder. He wrote on his official channel of Telegram that, these bonds were sold to different greatest and most well-learned investors throughout the globe. 

Telegram app Elevates $1 billion by Bonds selling - Founder

Durov also stated that this will consider Telegram to build-up when sticking to its prices and retaining independence. He said this investment will fuel the constructive strategy of these apps that were defined in December, according to that point, this year the platform will release paid services. 

Telegram app Elevates $1 billion by Bonds selling - Founder

One of the most popular social media platforms in different nations, specifically familiar in the former Soviet Union, and is applied both for sharing data, and private communication and news. Telegram was originated in 2013 by Nikolai Durov and Pavel Derov brothers, who also established Russia’s one of the greatest social media network VKontakte. 

This application had 500 million and more active users on monthly basis, at the starting days of January while it is going through a massive boom in fresh users. It ranks after WhatsApp that declared a huge privacy scheme change for its users. 

Meanwhile, the leading investment company of the UAE Mubadala stated on Tuesday, it had $75 million invested in the last five-year pre-IPO changeable bonds of Telegram. Furthermore, the Abu Dhabi Catalyst Partners invested another $75 million. 

The strategic collaboration between the organizations is also promising to generate all-new collaborative opportunities, according to the state investor of Abu Dhabi. Hence, in further time, this tie-up will lead Abu Dhabi’s tech-enabled organizations and bring an innovative ecosystem.

Telegram app Elevates $1 billion by Bonds selling - Founder

Vinay Kumar
Author

Being a Web Tech Lead and with a relevant experience, Vinay Kumar has gained the art of team and project handling to get the best out of them. During his career, he never stops learning new things. Talking about his interest, he is currently exploring innovative technologies that can bring transformation to businesses.

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