Azhar Iqubal Net Worth: The Founder of Inshorts Rise To Success

Azhar Iqubal has become a household name in the startup ecosystem of India.

He is the co-founder and CEO of one of the hottest news apps in India, Inshorts.

Besides, his appearance as a new shark in the popular TV show “Shark Tank India” has taken just his popularity to the next level.

But the answer to the question is still unknown, how did this small-town boy become so successful?

Let us take a closer look into Azhar Iqubal net worth and his life journey.

Azhar Iqubal Net Worth – Humble Beginnings and Education of Inshorts Co-founder

azhar iqubal net worth

Azhar Iqubal was born in 1993 in Kishanganj, Bihar.

With dreams of success in his eyes from a very young age, he tried his best to clear the IIT JEE exam.

In 2009, Iqubal got admission into the prestigious IIT Delhi to study Computer Science Engineering.

However, his entrepreneurial instincts led him to drop out IIT Delhi to found his own startup in 2012.


The Genesis of Inshorts

In college, Iqubal along with friends Anunay Pandey and Deepit Purkayastha came up with a Facebook page named “News in Shorts”.

They identified a key problem – the world of traditional news failed to provide crisp, short-format news for busy readers.

Their Facebook page summarized the top news stories into 60 words or less.

The page became a big hit and gained thousands of followers.

inshorts

Soon the founders transformed it into a full-fledged startup called Inshorts.

The Inshorts app, launched in 2013, quickly became popular due to its innovative format of concise news.

Expert writers write short news stories in 60 words, which can be read by users within 30 seconds.


Funding and Expansion of Inshorts News App

The early funding from TLabs, an initiative by Times Internet Group was the stepping stone for the Inshorts.

Investors such as Tiger Global, Vy Capital, Rebright Partners, and Times Internet have invested over $119 million in Inshorts since its launched.

Inshorts used to publish 80-100 articles a day in the early days.

Now, it publishes over 500 articles a day. This success led to the launching of the Hindi Version of Insorts in 2015.

Since then, Inshorts has been downloaded more than 35 million times. This success has placed Inshorts into one of the top news apps in India.


Azhar Iqubal’s Net Worth

Azhar Iqubal Inshorts

As we all know, Azhar Iqubal is the founder and CEO of the highly successful Inshorts.

His net worth is said to be around Rs 500 crore as of 2023.

According to reports, in October 2023, Inshorts was valued at Rs 3,700 crore.

Besides, Iqubal being the major shareholder in the company has brought about an exponential increase in his net worth.

The profitable startup is his primary source of wealth.

Iqubal also derives a salary as CEO, which aids in the rise in his net worth.


Other Portfolios of Azhar Iqubal

Apart from Inshorts, he has ventured into other start-ups.

He founded the social media application “Public App” in 2018 with his Inshorts co-founders.

The regional language app has recorded more than 220 million downloads.

He has been an angel investor for over 25 start-ups.

Quickpay is one of his portfolio start-ups.

He is also a director at Locvid Services Pvt Ltd, a professional service firm.


Awards and Recognitions Received by Azhar Iqubal

Azhar Iqubal’s phenomenal success has earned several awards and recognition for him.

  • Forbes 30 Under 30 Asia 2018
  • Forbes India 30 Under 30 2016
  • Fortune India 40 Under 40 2019
  • Business World Young Entrepreneur Award
  • He was also listed in Leaders of Asia as one of the pathbreaking entrepreneurs to watch out for.

New Shark on Shark Tank India

The latest one in Azhar Iqubal’s journey is working as a shark judge on Sony TV Shark Tank India Season 3.

The hugely popular startup reality show gives budding entrepreneurs the opportunity to pitch their ideas before a panel of eminent investors or ‘Sharks’ and secure investments.

Azhar Iqubal shark tank india

His journey of building up a very successful start-up from scratch will certainly inspire the contestants.

Read: Ronnie Screwvala Worth in 2024? Bollywood Icon Joins Shark Tank India Season 3


Azhar Iqubal Life Beyond Business

Despite all his successes, Azhar Iqubal remains grounded.

Outside of business, he loves to travel the world, and adventure sports are one of his favorites.

He particularly loves skydiving, scuba diving, and hiking as some of his favorite adrenaline-pumping hobbies.

FAQs

These are some common questions asked about Inshorts

Where is Inshorts’s headquarters in India?

Inshorts is based in Noida, Uttar Pradesh, India.

Is Inshorts only for India?

Not really. Inshorts users are not only from India but also from the USA, UK, UAE, Canada, and Southeast Asia.

Who owns Inshorts?

Azhar Iqubal has founded Inshorts with some of his friends. Azhar Iqubal is the CEO of the company.


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Final Thoughts about Azhar Iqubal Net Worth

The story of Azhar Iqubal, starting from his life as a student from a small town to turning into a highly successful entrepreneur, shows that no big dream is hard to achieve with hard work, fresh ideas, and sharp business acumen.

Azhar’s being appointed a judge for Shark Tank India is an inspiration to anyone who wants to be a startup founder all over the country.

Just like Azhar, you will be building the next big startup in India if you keep working harder on your ideas.

That is to say, the amazing story is proof that with dedication and the right approach, even the so-called unattainable goals can be achieved.


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Anil Agarwal

Anil Agarwal is the guy behind this blog who also owns BloggersPassion.com and HostingMonks.com. He has also been featured/mentioned on Forbes, ProBlogger, NeilPatel.com, Huffingtonpost.com, and SEMrush. MakeBlogging.com is your one-stop destination to start a money-making blog from scratch.

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