Inshorts
News aggregator in India
From Wikipedia, the free encyclopedia
Inshorts is a news aggregator and content distribution company based in India. It publishes a mobile app that sends out news stories in 60-word bites.[2][3] The app curates news from various domains covering news, information, updates, and noteworthy events around the world.[4] Inshorts also operates Public App, a hyperlocal news and video-sharing platform.
| |
| Company type | Private |
|---|---|
| Industry | Digital media, News aggregator |
| Founded | 2013 |
| Founders | Azhar Iqubal, Anunay Arunav, Deepit Purkayastha |
| Headquarters | , India |
Area served | India (primarily), Global |
Key people | Deepit Purkayastha (CEO) |
| Products | Inshorts (app), Public App |
| Revenue |  ₹181 crore (FY24)[1] |
 ₹-228 crore (FY24)[1] | |
| Website | inshorts |
Inshorts is one of the most popular news aggregator apps in India[5] with more than 10 million app users.[6]
History
Inshorts was founded in 2013 by Azhar Iqubal (Chairman),[7] Anunay Pandey (Director), and Deepit Purkayastha (CEO).[8] Inshorts has raised a total funding of $119M over six venture capital rounds.[9] Its first funding round was on 5 September 2013. Its latest funding round was a Series D round on 15 July 2021, for $60M.[10] One investor, Vy Capital, participated in its latest round.[6]
In October 2015, Inshorts acquired Betaglide, a Bangalore-based web analytics startup for tracking app retention.[11] In 2020, Inshorts launched Public App, a hyperlocal news, social-network, and video platform focusing on location-based updates.[11]
As of FY24, Inshorts reported operating revenue of ₹181 crore, with a net loss of ₹228 crore, a 26% reduction in losses compared to the previous fiscal year, attributed to cuts in advertising and promotional expenses.[1] Inshorts primarily operates on an advertising-based revenue model.[5][12]