"Telegram will begin to generate revenue, starting next
year," Durov said in a statement.
"We will be able to launch countless new features and
welcome billions of new users."
Durov, 36, said on his Telegram channel he did not plan to
sell the company and therefore needed to look for other ways to come up with
funding.
Telegram is a popular social media platform in a number of
countries, particularly in the former Soviet Union and Iran, and is used both
for private communications and sharing information and news.
It has attracted nearly 500 million active users since its
launch by Durov and his brother Nikolai in 2013.
"For most of Telegram's history, I paid for the
expenses of the company from my personal savings," Durov said.
"However, with its current growth Telegram is on track
to reach billions of users and to require appropriate funding."
He said that free features would remain free.
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