Telegram raises $210 million through bond sales

Telegram raised about $210 million through bond sales this week from a number of investors, including its founder and chief executive Pavel Durov.
The messaging app, used by over 800 million users each month, 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 company executive told TechCrunch.
Telegram is still not profitable and the new financing is aimed at taking it closer to the “break-even” point, said Durov, claiming that his app was “closer to prof

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