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Telegram tops 700 million users, launches premium tier – TechCrunch

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Telegram has amassed over 700 million month-to-month lively customers and is rolling out a premium tier with further options as the moment messaging platform pushes to monetize a portion of its massive person base. The agency didn’t disclose how a lot it’s charging for the premium tier, however the month-to-month subscription seems to be priced within the vary of $5 to $6.

The premium tier provides a variety of further and improved options to the messaging app, which topped 500 million monthly active users in January 2021. Telegram Premium allows customers to ship information as massive as 4GB (up from 2GB) and helps quicker downloads, as an example, Telegram stated.

Paying clients can even be capable to comply with as much as 1,000 channels, up from 500 provided to free customers, and create as much as 20 chat folders with as many as 200 chats every. Telegram Premium customers can even be capable to add as much as 4 accounts within the app and pin as much as 10 chats.

The transfer is Dubai-headquartered agency’s try and hold its growth “pushed primarily by its customers, not advertisers,” it stated. It’s additionally the primary time an immediate messaging app with tons of of thousands and thousands of customers has rolled out a premium tier. Sign, WhatsApp, Fb Messenger, Apple’s Messages and Google’s Messages, a few of Telegram’s prime rivals, don’t provide a premium tier.

Some analysts had earlier hoped that Telegram would be capable to monetize the platform via its blockchain token challenge. However after a number of delays and regulatory troubles, Telegram stated in 2020 that it had abandoned the project and provided to return $1.2 billion it had raised from traders.

In March 2021, Telegram raised over $1 billion from a lot of traders together with Mubadala and Abu Dhabi Catalyst Companions by promoting 5-year pre-IPO convertible bonds.

“Right now is a crucial day within the historical past of Telegram – marking not solely a brand new milestone, but additionally the start of Telegram’s sustainable monetization,” the agency stated in a weblog publish Sunday.

Telegram founder and chief government Pavel Durov stated earlier this month the transfer to launch a premium tier was supposed to respond to user demand for added storage/bandwidth.

“After giving it some thought, we realized that the one strategy to let our most demanding followers get extra whereas holding our present options free is to make these raised limits a paid choice,” he stated.

In India, the premium model is priced at $6 for iPhone customers. Alex Barredo, a Spain-based know-how commentator, reported seeing €5.49 ($5.77) because the month-to-month value. A Telegram spokesperson didn’t instantly reply to a request for remark.

Premium customers can even have the power to transform voice messages into texts, acquire entry to unique stickers and reactions and use animated footage as their profile images. Paying clients can even be capable to keep away from seeing advertisements on the app. (In some markets, sponsored messages are proven in massive, public one-to-many channels.)

Durov has pledged to maintain a lot of core options within the app free to customers and in addition proceed to construct new options for the non-paying viewers.

On Sunday, the agency stated it’s rolling out a function, known as be part of requests, to allow all customers to hitch a public group with out the necessity for an invitation hyperlink. One other new function aimed toward free customers will make it attainable for verified teams and channels to indicate their badge on the prime of the chat. The brand new replace additionally helps rendering of animations at120 frames per second for brand spanking new iPads and iPhones.

“This replace consists of over 100 fixes and optimizations to the cellular and desktop apps – eliminating bugs, enhancing pace, and increasing minor options,” Telegram stated.

Information and picture: Bernstein.

In a notice to shoppers in Could this 12 months, analysts at Sanford C. Bernstein reported that Telegram was getting “more and more aggressive” with its options. “Whereas WhatsApp and Messenger nonetheless comprise the vast majority of messaging app downloads in our chosen group, Telegram has taken vital share from each apps, particularly Messenger,” they wrote.

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