Mubadala and Abu Dhabi Catalyst Partners invest $150 million in social media platform Telegram

Mubadala and Abu Dhabi Catalyst Partners invest $150 million in social media platform Telegram

Launched in 2013 by brothers Pavel and Nikolai Durov as a secure messaging app utilising end-to-end encryption, Telegram evolved into a fully-fledged social media platform and has its global headquarters in the UAE. It has become one of the 10 most downloaded apps in the world with over 500 million monthly active users.

Faris Sohail Faris Al Mazrui, Head of Mubadala’s Russia and CIS Investment Program, said: “We recognize and admire Pavel’s vision for the company and the team’s execution in building an exceptional product and company. His unwavering focus on user experience and privacy, and how it is central to every business decision he makes, is one of the keys to Telegram’s popularity and success. Telegram’s user base has reached a critical mass that places it amongst global tech giants.