Telegram has raised $210 million from several investors via bond sales. The investors include its founder and CEO, Pavel Durov.
The fundraiser comes as Telegram is still not profitable amid the economic downturn where funding is scarce.
John Hyman, Telegram’s Chief Investment Adviser, told TechCrunch that the platform raised the capital by issuing bonds worth $270 million because “interest rates have gone up significantly since 2021, the bonds have a different issue price”.
A set of “well-known funds with stellar reputations” purchased the bonds, according to Durov.
Durov said he personally bought about a quarter of the new Telegram bonds, investing “tens of millions into Telegram’s growth.”
If this article helped you, please consider supporting our work. Every small contribution keeps Abijita.com independent and running.
