There are many News Web Portals in India that provide News, but these news becomes very lengthy and time consuming for users to read. So, to meet all the needs Inshorts was founded in 2013 by Azhar Iqubal and his college friends Deepit Purukayashta and Anunay Pnadey.
About Inshorts
It was founded by Azhar Iqubal and his college Friends Deepit Purukayashta and Anunay Pnadey in 2013. The Headquarter of this company is located in Noida, Uttar Pradesh . It was founded under the label of Inshorts MediaLabs Pvt. Ltd, which is the Parent Company of this company.
| Name | Inshorts |
| Founding year | 2013 |
| Founder | Azhar Iqubal, Deepit Purukayashta, Anunay Pnadey |
| Headquarter | Noida, Uttar Pradesh |
| Parent Company | Inshorts MediaLabs Pvt. Ltd |
| Services | News Summaries in 60 words |
History
Inshort was founded as a Web News Portal in 2013 by Azhar Iqubal, Deepit Purkayashta and Anunay Pandey. The founding story of this company, is itself very Interesting. Azhar and his Friends when were in the College, They observed a lack of political awareness and Knowledge and no interest among the youngsters to read news due to time consuming and lengthy contents. This led to an creative idea of founding a News Web Portal that would offer informative news in brief and 60 words summary.
Inshorts Founder
It was founded by young entrepreneurs like Azhar Iqubal, Anunay Pandey, and Deepit Purkayastha. Azhar currently serves as the Chairman in the Company, Anunay is at the post of director, and Deepit Purkayastha is the CEO of Inshorts. Azhar Iqubal, Pandey, and Purkayastha started Inshorts as a facebook Page and it was in 2013 they launched Inshorts as an android application. Azhar Iqubal participation in the Business Reality Show Shark Tank India not only led to Azhar’s Recognition but also Inshorts.
Services
It provide multiple services like:
- It is a news aggregator and content distribution company that provides links to news articles from third-party publishers
- Public is a location-based app that provides local information, content, updates, jobs, and more
Inshorts Shareholders
Their shareholders include institutional investors and angel investors.
Institutional investors of this company
- Tiger Global Management: An institutional investor in this company
- TLabs: An institutional investor in this company
- Vy Capital: An institutional investor in this company
- SIG Global India Fund: An investor in this company
- A91 Partners: An investor in this company
- Addition: An investor in this company
- SIG Venture Capital: An investor in this company
- Sachin Bansal: An angel investor
Fundings
As of July 15, 2021, It had raised $165.33 million in funding across seven rounds. The most recent round was a Series D round that raised $60 million.
Funding rounds
- September 5, 2013: Inshorts’ first funding round
- July 15, 2021: Inshorts’ Series D round, which raised $60 million
- Vy Capital, one of the Investors of this company also participated in the latest funding round.
Inshorts Investors
Some of the investors in this company include:
- Vy Capital: An investor in this company
- SIG Venture Capital: An investor in this company
- Addition: An investor in this company
- Tiger Global Management: An investor in this company
- A91 Partners: An investor in this company
- Tanglin Venture Partners: An investor in this company
- Sachin Bansal: An angel investor in this company
- Kisho Capital: An investor in this company
Inshorts Valuation
It currently is valued at a good amount of 4000 Crore. Despite facing crucial income challenges, it managed to secure a funding of 10 Crores in 2022. The company made a Net Loss this year when compared to last year Profit. However, It remains one of the top English news online portals reflecting Azhar’s magnificent journey from dropping out of College to his visionary entrepreneurship.
Inshorts Net Worth
As of November 2023, the news app InShorts was valued at Rs4000 crores. In 2024, the company’s net loss fell by 26% to Rs 228 crore.
Social Media
- It also has its accounts on Social Media.
- It has an account on Instagram with the name ‘inshorts_app’ with 3.4 lakhs followers.
- It also has accounts on Facebook and Twitter with the names ‘Inshorts’ and ‘@inshorts’ with 1.4 Million and 77,000 Followers respectively.
- It also has a huge connection and followers on Linkedin with the name ‘Inshorts’ with 2.7 Lakh followers.
- It also has its own channel on Youtube with the name ‘InshortsApp’ with 12,000 Subscribers.
| Social media | Followers / Subscribers | Link |
|---|---|---|
| 3.4 Million | https://www.instagram.com/inshorts_app/?hl=en | |
| 1.4 million | https://www.facebook.com/inshortsapp/ | |
| 77,000 | https://x.com/inshorts?lang=bn | |
| 2.7 lakh | https://in.linkedin.com/company/inshorts-group | |
| Youtube | 12,000 | https://www.youtube.com/channel/UCZn0bHF3M1HsfczYArnkC6g |
