Azhar Iqubal has become a household name in India’s startup ecosystem.
As the co-founder and CEO of Inshorts, one of India’s most popular news apps, Iqubal has disrupted the digital media landscape.
His addition as a new shark on the hit TV show Shark Tank India has further boosted his fame.
But how did this small-town boy become so successful?
Let’s take a closer look at Azhar Iqubal net worth and his journey.
Table of Contents
Azhar Iqubal Net Worth – Humble Beginnings and Education
Azhar Iqubal was born in 1993 in Kishanganj, Bihar. Driven to achieve success from a young age, he worked hard to clear the IIT JEE exam.
In 2009, Iqubal joined the prestigious IIT Delhi to pursue Computer Science Engineering.
However, his entrepreneurial instincts led him to drop out of IIT Delhi in 2012 to found his own startup.
The Genesis of Inshorts
During his college days, Iqubal along with friends Anunay Pandey and Deepit Purkayastha started a Facebook page called ‘News in Shorts’.
They identified a key problem – traditional news platforms failed to provide crisp, short format news for busy readers.
Their Facebook page addressed this by summarizing top news stories into 60 words or less.
The page became a big hit, gaining thousands of followers. Soon the founders transformed it into a full-fledged startup called Inshorts.
The Inshorts app, launched in 2013, quickly gained popularity for its innovative format of concise news.
Expert writers create 60 word short news stories on the app – these can be read by users within 30 seconds.
Funding and Growth
Early funding from TLabs, an initiative by Times Internet Group, gave Inshorts its initial boost.
Over the years, the startup has raised over $119 million from investors like Tiger Global, Vy Capital, Rebright Partners and Times Internet.
From publishing just 80-100 articles a day initially, Inshorts now publishes over 500 articles daily.
The launch of the Hindi version in 2015 further expanded its reach. Inshorts has over 35 million downloads since its launch. This makes it one of the top news apps in India.
Azhar Iqubal’s Net Worth
As founder and CEO of the highly successful Inshorts, Azhar Iqubal’s net worth is estimated to be around ₹500 crore as of 2023.
According to reports, Inshorts was valued at ₹3,700 crore as of October 2023. With Iqubal holding a sizeable stake in the company, his net worth has skyrocketed.
The profitable startup is his primary source of wealth. Iqubal also draws a salary as CEO, which contributes to his rising net worth.
Along with Inshorts, Iqubal has diversified into other startups as well. He launched the social media app “Public App” with his Inshorts co-founders in 2018. The regional language app has gained over 220 million downloads.
Iqubal has also invested in over 25 startups as an angel investor. Quickpay is one of his portfolio startups. He is also a director at Locvid Services Pvt Ltd, a professional services firm.
Awards and Recognitions
Azhar Iqubal’s stellar success has earned him numerous awards and recognitions:
- 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 featured in Leaders of Asia as one of the trailblazing entrepreneurs to watch out for.
New Shark on Shark Tank India
The latest feather in Iqubal’s cap is his role as a shark Judge on Sony TV’s Shark Tank India Season 3.
The wildly popular startup reality show gives budding entrepreneurs a chance to pitch their ideas to eminent investors or ‘sharks’ and raise funding.
Joining the shark line-up in Season 3, Iqubal brings his experience of building a highly successful startup from scratch.
His journey from an IIT student to CEO of a unicorn startup will surely inspire the contestants.
Life Beyond Business
Despite his success, Azhar Iqubal remains grounded. Outside of his work, he enjoys traveling the world, with a fondness for adventure sports. Skydiving, scuba diving and hiking are some of his favorite adrenaline-pumping hobbies.
Here are some common questions people have about Inshorts and Azhar Iqubal.
Inshorts is based in Noida, Uttar Pradesh, India.
No, Inshorts has users not just in India but also in the USA, UK, UAE, Canada and Southeast Asia.
Inshorts was started by Azhar Iqubal along with some friends. Azhar Iqubal is the CEO of the company.
Browse More Resources:
- Kunal Shah Net Worth 2024: India’s Hottest Startup Founder
- Sachin Bansal Net Worth 2024: How He Became a Self-Made Billionaire with Flipkart
- Deepinder Goyal Net Worth in 2024: The Journey of Zomato’s Visionary CEO
- Bhavish Aggarwal Net Worth – The Success Story of Ola Cabs Founder
- Amit Agarwal Blogger Net Worth and His Keys to Success as India’s Top Blogger
- Varun Dua Net Worth Uncovered 2024
- Radhika Gupta Net Worth Uncovered 2024
- Shark Tank India Judges Net Worth: The Discovery of Richest Shark
Final Thoughts about Azhar Iqubal Net Worth
Azhar Iqubal’s rise from a small town student to a highly successful entrepreneur shows that with dedication, innovation and a keen business sense, big dreams can become reality.
His addition to Shark Tank further cements his position as an inspiration for India’s aspiring startup founders.
Like Iqubal, keep turning your ideas into reality and one day you too could build the next big startup in India.