Inshorts

Last updated

Inshorts
Company typePrivate
Industry Digital media, News aggregator
Founded2013
FoundersAzhar Iqubal, Anunay Arunav, Deepit Purkayastha
Headquarters
Noida, Uttar Pradesh
,
India
Area served
India (primarily), Global
Key people
Deepit Purkayastha (CEO)
ProductsInshorts (app), Public App
RevenueIncrease2.svg₹181 crore (FY24) [1]
Decrease2.svg₹-228 crore (FY24) [1]
Website inshorts.com

Inshorts is a news aggregator and content distribution company based in India. It publishes a mobile app that sends out news stories in 60-word bites. [2] [3] The app curates news from various domains covering news, information, updates, and noteworthy events around the world. [4] Inshorts also operates Public App, a hyperlocal news and video-sharing platform.

Inshorts is one of the most popular news aggregator apps in India [5] with more than 10 million app users. [6]

History

Inshorts was founded in 2013 by Azhar Iqubal (Chairman), [7] Anunay Pandey (Director), and Deepit Purkayastha (CEO). [8] Inshorts has raised a total funding of $119M over six venture capital rounds. [9] Its first funding round was on 5 September 2013. Its latest funding round was a Series D round on 15 July 2021, for $60M. [10] One investor, Vy Capital, participated in its latest round. [6]

In October 2015, Inshorts acquired Betaglide, a Bangalore-based web analytics startup for tracking app retention. [11] In 2020, Inshorts launched Public App, a hyperlocal news, social-network, and video platform focusing on location-based updates. [11]

As of FY24, Inshorts reported operating revenue of ₹181 crore, with a net loss of ₹228 crore, a 26% reduction in losses compared to the previous fiscal year, attributed to cuts in advertising and promotional expenses. [1] Inshorts primarily operates on an advertising-based revenue model. [5] [12]

References

  1. 1 2 3 Rajan, Jessica (13 November 2024). "InShorts posts flat revenue in FY24, net loss falls 26% to Rs 228 crore". The Economic Times. Retrieved 30 May 2025.
  2. ↑ "IIT dropout, news app CEO: Who is Shark Tank judge Azhar Iqubal? - Shark Tank is back". The Economic Times . 5 April 2024. Retrieved 24 March 2024.
  3. ↑ "Nikhil Kamath, Azhar Iqubal, and 3 other Indian billionaires who thrived despite dropping out of school or college". The Financial Express . 24 February 2024. Retrieved 24 March 2024.
  4. ↑ Dahiya, Surbhi (21 August 2023), "Inshorts: A Success Story of Short-Form Journalism", Digital First: Entrepreneurial Journalism in India, Oxford University Press, retrieved 30 May 2025
  5. 1 2 "In India, news aggregator apps are struggling to find a path to sustainability". Nieman Lab. Archived from the original on 20 March 2025. Retrieved 30 May 2025.
  6. 1 2 "Inshorts raises $60 million from Vy Capital, existing investors". The Economic Times . 15 July 2021. ISSN   0013-0389 . Retrieved 24 March 2024.
  7. ↑ "Azhar Iqubal". Fortune India . Retrieved 24 March 2024.
  8. ↑ Singh Thakur, Angad (17 February 2016). "30 Under 30: Azhar Iqubal, Deepit Purkayastha & Anunay Pandey - Delivering News In Shorts". Forbes India . Retrieved 24 March 2024.
  9. ↑ Upadhyay, Harsh; Manchanda, Kunal (21 February 2023). "InShorts posts $18.9 Mn revenue in FY22, advertising costs surge to $21.6 Mn". Entrackr. Retrieved 24 March 2024.
  10. ↑ Singh, vishjeet (15 July 2021). "India's Inshorts raises $60 million following Public social network app growth". TechCrunch . Retrieved 24 March 2024.
  11. 1 2 Murali, Malavika (15 October 2015). "Inshorts acquires app startup BetaGlide". The Economic Times. Retrieved 30 May 2025.
  12. ↑ Rajan, Jessica (25 November 2023). "Online news aggregator InShorts sees FY23 losses swell by a third to Rs 309 crore". The Economic Times. Retrieved 30 May 2025.
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