Inshorts Success Story: In today’s fast-paced world, how news is consumed has changed significantly. Long gone is the trend where people used to read extensive articles, today’s readers prefer short and informative summaries of news. With the rise of digital platforms, readers can stay updated while on the move, and obviously, a summary will be preferred over a whole article. Inshorts has tapped into this opportunity and gained massive popularity as well as valuation.
In India, there are over a hundred unicorns, for perspective a company with over a billion-dollar valuation is called a unicorn which roughly translates to 8200 crores. Inshorts is almost half a dollar in valuation with 3700 crores. The whole ecosystem of India is changing rapidly with more and more startups crossing the 1 billion Dollar mark and we hope Inshorts becomes one of them.
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Inshorts Success Story: How it Started
Inshorts was started by three friends in 2013 Azhar Iqubal, Anunay Pandey and Deepit Purkayastha. The whole Inshorts Success Story started from a Facebook page. Azhar, who dropped out from IIT Delhi, realised that the Internet was gaining massive popularity and he started the page. In 2015 it started gaining popularity and with the gaining popularity they launched an app in the Apple App Store and the rest is history. Inshorts has raised a total of 119 million dollars of funding in a total of 6 rounds from investors like Tiger Global, Vy Capitals, Rebright Partners, Times Internet and Others.
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Inshorts Success Story: The Founders
Azhar Iqubal, Anunay Pandey and Deepit Purkayastha started Inshorts as a Facebook Page in 2013 and launched their app in 2015.
1. Azhar Iqubal
Azhar, hailing from Aligarh, is the mastermind behind the formation of Inshorts. He has a rich background in Computer Science. He joined the Indian Institute of Technology, Delhi in 2009 but dropped out in 2012. Azhar is the current Chief Executive Officer (CEO) of Inshorts. “A decade later, entering my 30s, we are now one of the largest players in our field, with 1.2 crore Indians using our apps every day,” Azhar added.
2. Anunay Pandey
Anunay is the co-founder of Inshorts, he has done his M.Tech in Mathematics and Computing from the Indian Institute of Technology, Delhi. He was a part of the prestigious institution between 2009 and 2014.
3. Deepit Purkayastha
Deepit is the third co-founder of Inshorts, he has done his B.Tech and M.Tech from the Indian Institute of Technology, Kharagpur. He was part of IIT Kharagpur from 2009 to 2014. He currently serves as a Chief Strategy Officer of Inshorts.
Inshorts Success Story: Founder part of Shark Tank India Season 3
The popular TV show Shark Tank which airs on Sony Entertainment recently announced the commencement of the third season of its famous show. Shark Tank is a platform where investors meet aspiring entrepreneurs and invest in their startups.
The addition of three judges made headlines, Azhar is one of them. Apart from Azhar, Ritesh Agarwal, and Deepinder Goyal will also be in the popular show. Ritesh Agarwal is the founder and CEO of OYO and Deepinder Goyal is the founder of Zomato.
The third season will also feature Peyush Bansal of Lenskart, People Group’s Anupam Mittal, Namita Thapar of Emcure, Sugar Cosmetics’ Vineeta Singh, Aman Gupta of boAt, and CarDekho Group’s Amit Jain.
Conclusion
In conclusion, Inshorts has changed the way we consume news. The innovative idea of providing a quick and conscious summary of news has worked for Inshorts and attracted millions of users. Inshorts with its innovative idea can become a global news delivery player. We hope Inshorts does great in the coming time and we would also like to wish the best of luck to Azhar, Ritesh and Deepinder for their upcoming participation in Shark Tank India on Sony Entertainment.
Who is Azhar Iqubal?
Azhar, hailing from Aligarh, is the mastermind behind the formation of Inshorts. He has a rich background in Computer Science. He joined the Indian Institute of Technology, Delhi in 2009 but dropped out in 2012. Azhar is the current Chief Executive Officer (CEO) of Inshorts. “A decade later, entering my 30s, we are now one of the largest players in our field, with 1.2 crore Indians using our apps every day,” Azhar added.
Who is Anunay Pandey?
Anunay is the co-founder of Inshorts, he has done his M.Tech in Mathematics and Computing from the Indian Institute of Technology, Delhi. He was a part of the prestigious institution between 2009 and 2014.
Who is Deepit Purkayastha?
Deepit is the third co-founder of Inshorts, he has done his B.Tech and M.Tech from the Indian Institute of Technology, Kharagpur. He was part of IIT Kharagpur from 2009 to 2014. He currently serves as a Chief Strategy Officer of Inshorts.
What is the valuation of Inshorts?
Inshorts is almost half a dollar in valuation with 3700 crores.
Who are the founders of Inshorts?
Three friends Azhar Iqubal, Anunay Pandey and Deepit Purkayastha started Inshorts in 2013.
