Azhar Iqubal is a renowned entrepreneur who co-founded Inshorts, an Indian news platform. Despite being an IIT dropout, he amassed a Rs 3,700 crore firm. With one straightforward concept, Azhar Iqubal, co-founder and CEO of Inshorts, transformed the journalism industry.
Azhar Iqubal is the new judge of Shark Tank Season 3. Shark Tank has given young entrepreneurs with intelligent ideas an investment platform. We will reveal Azhar Iqubal net worth, accomplishments, biography, and success story.
Kеy Dеtails
| Attributе | Dеtails |
|---|---|
| Datе of Birth | Octobеr 7, 1992 |
| Primary Businеss | InShorts |
| Notablе Rеcognitions | Forbеs 30 Undеr 30, Fortunе India 40 Undеr 40 |
| Nеt Worth (2023) | Rs 500 Crorе (approx.) |
| Shark Tank India Sеason | 3 (Nеw Shark) |
| Major Apps Dеvеlopеd | InShorts, Public App |
| Education | Indian Institutе of Tеchnology, Dеlhi (Unfinishеd) |
Azhar Iqubal Net Worth 2024
Azhar Iqubal was born in Kishanganj, Bihar in 1993, . From an early age, he was motivated to succeed and put in much effort to pass the IIT JEE exam.
Iqubal enrolled in the renowned IIT Delhi in 2009 to study computer science engineering. But in 2012, his entrepreneurial spirit motivated him to leave IIT Delhi to launch his firm.
He developed enormous assets and money as a result of his entrepreneurial endeavors. Azhar Iqubal has a net worth of $67 million, or ₹500 crore. He currently owns several investments. In addition, Azhar invests in businesses as an angel investor. He constantly encourages aspiring business owners and helps them overcome obstacles. Another intriguing information about him is that he is listed among India’s youngest entrepreneurs.
He launched his own company, Inshorts, in 2013. A few years later, this startup became well-known and prosperous. Today, everyone recognizes him as India’s youngest and most successful entrepreneur. Scroll down to learn more about Azhar Iqubal.
Growth Of Inshorts
As a college student, Iqubal founded the “News in Shorts” Facebook group with his buddies Anunay Pandey and Deepit Purkayastha.
They discovered a crucial issue: traditional news sources were unable to offer concise, high-quality material to readers who were pressed for time.
In response, their Facebook page summarizes the most important news articles in little more than sixty words.
After becoming quite popular, the page gained thousands of followers. The creators quickly turned it into Inshorts, a fully-fledged startup.
When the Inshorts app was released in 2013, it immediately became well-known for its unique, condensed news format.
Proficient authors craft concise 60-word news articles for the app, which consumers may read in under 30 seconds.
Also Read | Drake Net Worth: From Music Icon to Multifaceted Tycoon
Funding Sources Of Insights
Inshorts started thanks to early sponsorship from TLabs, a Times Internet Group venture.
Over the years, the business has raised more than $119 million from backers such as Times Internet, Tiger Global, Vy Capital, and Rebright Partners.
Inshorts now produces more than 500 articles daily, compared to its initial daily output of about 80–100 pieces.
Its reach was further increased in 2015 with the release of the Hindi version. Since its inception, Inshorts has been downloaded over 35 million times. As a result, it ranks among India’s best news apps.
Azhar Iqubal Other Bussiness Ventures
Iqubal has ventured into additional ventures in addition to Inshorts. Together with the other founders of Inshorts, he released the social media software “Public App” in 2018. The app for regional languages has been downloaded more than 220 million times.
Iqubal has also made angel investments in more than 25 firms. Quickpay is among the startups in his portfolio. In addition, he is a director of the professional services company Locvid Services Pvt Ltd.
Awards and Acknowledgments
Due to his extraordinary accomplishment, Azhar Iqubal has received a lot of honors and recognition.
- 2018’s Forbes 30 Under 30 Asia
- Fortune India 40 Under 40 2019 Business World Young Entrepreneur Award Forbes India 30 Under 30 2016
- He was also listed as one of the innovative businesspeople to watch out for in Leaders of Asia.
If you like to read net worth of other celebrities, explore more in our website. Read what’s the net worth of Famous Actor and Comedian Kevin Hart.