Pavel Durov refused from external investments in Telegram offered by Western funds

Pavel Durov refused from external investments in Telegram offered by Western funds

Telegram rejected an investment offer from a consortium of Western funds. At the same time, the social network was estimated at $ 30 billion. In recent years, this is the first external assessment of Telegram, which became known. This is reported by The Bell with reference to two interlocutors familiar with the situation.

It is noted that the proposal for funding was made at the end of last week. As part of the deal under discussion, it was a question of buying a 5-10% stake.

Earlier it became known that Durov is looking for $ 1 billion for Telegram due to the upcoming settlements with TON investors. In addition, the search for money was accelerated by the fact that the Telegram audience began to grow sharply against the background of the renewal of the WhatsApp user agreement. It is also expected that when raising funds, the debt is likely to be converted into shares in the event of an IPO.

Telegram explained that the company does not intend to assume obligations to investors, providing for a merger, sale or public listing.

In 2015, Durov estimated the possible cost of the messenger at $ 3-4 billion. Then he referred, among other things, to the proposals that he received at that time. According to Techcrunch, Telegram’s monthly active audience 6 years ago was about 60 million users. In the first week of 2021, it exceeded $ 500 million.