From Russia to the UAE: The Evolution of a Unicorn
Posted on: 28 August 2024
How did Telegram become one of the first tech giant unicorns of the Middle East?
In the world of tech, adaptability is the name of the game. Telegram, once a Russian unicorn born from the minds of Pavel Durov and his team, faced immense pressure from regulatory bodies in its homeland. Instead of backing down, they made a bold move—a pivot that not only saved the company but catapulted it into new heights.
Fast forward, Telegram is now proudly wearing the badge of a UAE unicorn, with its headquarters in Dubai. This strategic relocation wasn't just about escaping regulatory hurdles; it was about embracing a future where innovation is nurtured, not stifled. The UAE, with its forward-thinking policies and commitment to technological growth, became the perfect incubator for Telegram’s ambitions.
The cherry on top? A $150 million investment from Mubadala and Abu Dhabi Catalyst Partners.
This isn’t just capital—it's a testament to the UAE’s vision to become a global tech hub. With such strong backing, Telegram is not just surviving; it's thriving, expanding its reach, and reinforcing its position as a leader in secure messaging worldwide.
This story is a powerful reminder:
in business, where you plant your roots matters. Choose a place that not only understands your vision but is willing to invest in it.
If you are coming to the UAE to meet investors and strategic partners. Send me a DM me on LinkedIn or go to www.doublemorgan.com