The fan-favourite show, Shark Tank India is returning with a fresh season after two successful seasons. Shark Tank India, the Indian franchise of the American reality TV show Shark Tank, gained massive recognition amongst the youngsters with their first season. Entrepreneurs put forward their extra-ordinary pitches to the panel of judges in the show urging them to invest in their business.
The name Azhar Iqubal may not ring any bell for many but the app Inshorts sure does right? The co-founder and CEO of Inshorts, Azhar Iqubal is going to be one of the new Sharks this season. In this article, we will discuss about Azhar Iqubal net worth, lifestyle, and investments.
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Who is Azhar Iqubal?
Born in 1993 in Kishanganj, Bihar, Azhar was ambitious to clear IIT JEE. In 2009 he took admission in the prestigious Indian Institute of Technology Delhi to pursue Computer Science Engineering. However, he took a leap of faith and dropped out of his course to pursue his entrepreneurial dream.
When he was a student at IIT Delhi, Azhar, Deepit, and Anunay were presented with the opportunity to attend various entrepreneurial seminars hosted by TLabs which is an initiative of the Times Internet group. They got to interact with many established entrepreneurs through those seminars and even secured ₹10 lakh against a 10% equity stake for their vision.
How did Inshorts start?
During his college days, Azhar and his mates Deepit Purkayastha and Anunay Pandey started a Facebook page, “News In Shorts,” after realizing that the traditional news outlets failed to provide brief and to-the-point news to people. So, they revolutionized the way the Indian public consumed news. They started sharing summarised versions of trending news on their page which can be easily read within a span of one minute.
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What is Inshorts?
In 2013, Azhar Iqubal dropped out of IIT Delhi to give his undivided attention to the startup. On September 4, 2013, the News In Shorts mobile app was launched by them where they delivered trending news with a word limit of sixty words or less making the content easily consumable within just thirty seconds. This app gained immense popularity amongst the masses which made Azhar hire professional writers and monetize the platform through advertisements.
In 2015, they changed or rebranded their app as “Inshorts” and expanded to Apple users, securing a prominent place for themselves in the digital news space.
As reported by Mint, the startup has raised more than $119 million through various funding rounds. Firms such as Tiger Global, VY Capital, Rebright Partners, Times Internet, and others seemed to have invested in Inshorts.
Azhar Iqubal investments and lifestyle
Iqubal is quite new to the world of angel investors but is all set to expand his investments by reaching out to the start-up ecosystem in India after joining as a Shark on Shark Tank India. According to Tracxn records, he has invested in only one startup, Quickpay.
Apart from his business, personally, Iqubal has an adventurous spirit and is a passionate traveler. From skydiving to scuba diving, he wants to experience thrilling moments in life.
Azhar Iqubal net worth
Azhar Iqubal net worth currently stands at Rs 500 Crorе (approx.) as of 2023.
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Every Shark Tank India is buzzing with excitement and dying to get to know the new Sharks onboard this season.
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