Inshorts Co-founder Azhar Iqbal Ventures into Shark Tank India Season 3
Azhar Iqbal, the co-founder and Chief Executive Officer of Inshorts, has taken a significant step in the world of entrepreneurship by joining the third season of Shark Tank India. He now stands alongside industry giants like Ritesh Agarwal from OYO and Deepinder Goyal from Zomato. This move is a new chapter in Iqbal's journey, which began with his bold decision to leave IIT-Delhi.
Inshorts: A Remarkable Evolution from a Facebook Page Inshorts, a pioneering news aggregation platform, started its journey as a humble Facebook page. Azhar Iqbal, along with his partners Deepit Purkayastha and Anunay Arunav, nurtured this idea into a remarkable success story. Just last month, Ritesh Agarwal and Deepinder Goyal made waves on Shark Tank India, highlighting the growing influence of the diverse panel of ‘Sharks' in Season 3.
Diverse Panel of ‘Sharks' in Season 3 The third season of Shark Tank India features a diverse group of investors, including Peyush Bansal of Lenskart, Anupam Mittal of People Group, Namita Thapar from Emcure, Vineeta Singh of Sugar Cosmetics, Aman Gupta from boAt, and Amit Jain from CarDekho Group. This blend of accomplished business leaders and financial experts promises a unique synergy of wisdom and insight for aspiring entrepreneurs presenting their ideas.
Azhar Iqbal: A New Player in Angel Investing Despite his recent entry into this domain, Azhar Iqbal has prior financial engagements with Quickpay, as reported by Tracxn. His active participation in the Indian startup scene through Shark Tank India seems to be a strategic move to increase recognition for Inshorts.
Iqbal's Inspiring Journey and Message Azhar Iqbal's personal journey as an entrepreneur is truly inspiring. He made the courageous choice in his 20s to leave IIT Delhi and follow his entrepreneurial dreams. Looking back, he describes the last decade as an “exhilarating odyssey filled with passion.” Today, Inshorts is a major player in the Indian social media landscape with an impressive 1.2 crore daily users.
Empowering the Future of Indian Youth Azhar Iqbal's decision to join Shark Tank India is driven by his desire to inspire and empower the emerging generation of India. He strongly believes that qualities like unwavering ambition, commitment, and focus are more important than one's background or academic credentials in the world of entrepreneurship. During his appearance on the show, he passionately expressed his dedication to helping individuals realize their entrepreneurial dreams.
Shark Tank India: A Unique Platform for Startups Shark Tank India provides an exceptional stage for aspiring visionaries to present their innovative startup concepts to a panel of established investors. These ‘sharks' have not only achieved celebrity status but have also made a significant impact on the Indian startup landscape.
Inshorts: Backed by Prominent Investors Inshorts has gained recognition and financial support from distinguished investors such as Tiger Global, Vy Capital, Rebright Partners, Times Internet, and others, who have collectively invested over $119 million into the platform. This substantial financial backing underscores the potential and influence of Inshorts in the digital news and content aggregation sector.
Financial Realities Like many startups, Inshorts has faced financial challenges. In the 2022 financial year, the company reported a consolidated net loss of $31.8 million, a significant increase of 1.7 times compared to the previous year. However, it's worth noting that operating revenue also grew, rising from $13 million in FY21 to $18.9 million in FY22.
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