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Telegram Gets $150-Million Investment From Abu Dhabi State Fund

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  • Telegram Gets $150-Million Investment From Abu Dhabi State Fund

    Abu Dhabi state fund Mubadala Investment and Abu Dhabi Catalyst Partners said they had invested a combined $150 million (roughly Rs. 1,090 crores) in Telegram.

    Mubadala invested $75 million (roughly Rs. 540 crore) in five-year, pre-initial public offering (IPO) bonds of Telegram, while Abu Dhabi Catalyst Partners invested a further $75 million (roughly Rs. 540 crore).

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    "Telegram's user base has reached an essential mass that places it amongst world school giants," Mubadala government Faris Sohail Faris al-Mazrui aforesaid in an exceeding statement.
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