Famous Entrepreneurs

Azhar Iqubal Net Worth, Education & Business Ventures

January 29, 2025
azhar iqubal net worth
Quick Summary

Quick Summary

  • Azhar Iqubal, a self-made businessman, has a net worth of Rs 500 Crore as of January 2023.
  • Azhar Iqubal Inshorts is a service that provides brief, summarized news on a mobile app in just 60 words.
  • Azhar Iqubal business has one more venture, Public App, a hyperlocal news platform that offers localized news updates to users.
  • Azhar Iqubal studied for a Bachelor of Technology degree in Electrical engineering at IIT, Delhi, but dropped out in the middle to pursue his passion for entrepreneurship.

Table of Contents

As people’s attention spans shrink due to bite-sized content like short reels and headlines, Azhar Iqubal turned this trend into a business opportunity. An IIT dropout, he became the CEO of Inshorts, a news app that delivers updates in just 60 words. Launched in 2013, the app’s user-friendly interface helped it reach a vast audience. Azhar Iqubal Net Worth has grown significantly as a result of this success, showcasing his entrepreneurial skills. His rising influence in the industry even led to his appearance as a judge on Shark Tank India, further cementing his position in the business world.

When we talk about Azhar Iqubal Shark Tank India, the one thing that inspires all is his will to become a huge name in the industry at such a young age. He knows technology and digital marketing, which allows him to spot the gaps in the specific sector. His mission is to become an example for others and guide young entrepreneurs. 

This blog focuses on Azhar Iqubal biography. From his education and foundation to his net worth. Let’s find out how he continues to inspire young minds.

Azhar Iqubal’s Background and Education 

Now who is Azhar Iqubal? Azhar Iqubal was born in Kishanganj located in Bihar in India. Hailing from a lower middle-class family, he always had a dream of achieving something and wanted to gain knowledge. He secured around 600th rank in the JEE exam and got placed in the top engineering college, IIT Delhi.

Azhar Iqubal education was an integral part that directed his way of becoming an entrepreneurial person. He pursued a Bachelor of Technology degree in Electrical Engineering from the Indian Institute of Technology (IIT) Delhi. He began to nurture his interest in technology innovation while studying at IIT. Here’s a glimpse of how his education helped him execute the whole idea of developing a news app like Inshorts:

  • Through his engineering knowledge, Azhar took up the technological part of the platform and made it work smoothly and easily for the users.
  • Azhar education helped him acquire solid technical skills, which were useful in building Inshorts.
  • In addition, his stay at IIT was filled with an environment where innovative ideas and entrepreneurship were dominant. This allowed him to explore his ambitions as an entrepreneur. Within this competitive environment, he developed his entrepreneurial spirit to grab new opportunities and solve issues.
  • From its inception, Azhar Iqubal’s business trajectory propelled the establishment of Inshorts. He realised that the world needed in-depth, quick, and easy-to-digest information for the digital age. This realization was the beginning of Inshorts.
  • At IIT, Azhar tried different technology pursuits to get all the necessary knowledge and ideas.

Azhar Iqubal’s educationand his entrepreneurial spirit eventually resulted in the foundation and entrepreneurial success of Inshorts.

Inshorts: Revolutionising News Consumption

The birth and rise of Inshorts under Azhar Iqubal’s business representation innovativeness, persistence, and flexibility of digital media. Azhar, along with his two classmates, Anunay Arunav and Deepit Purkayastha, turned towards the startup world and began a Facebook page in 2013. The page started gaining popularity among students of IIT and in local circles. News in Shorts was the first startup idea by Azhar Iqubal and his friends, where they summarized news stories in just 60 words. Later, it was developed into an app with the name “Inshorts”. It was designed to respond to the increasing need for short and mobile-friendly news updates. The team was determined to polish their product so as to satisfy the needs of their users.

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The platform’s easy-to-use interface helped Inshorts gain popularity, driving increased engagement and retention. By using algorithms to personalize news content based on users’ interests and reading habits, Inshorts offers a tailored experience. Inshorts Net Worth reflects the success of this approach, as Azhar Iqubal’s vision of equalizing access to news has provided users with a variety of sources and topics in one platform. Users are presented with diverse perspectives, keeping them informed about multiple issues and broadening their understanding of the world.

Inshorts has become the largest news platform, with over 500 million users. As of October 2023, its valuation was Rs 3700 crores. As Inshorts’ popularity grew, Azhar Iqubal’s business made partnerships with various reputable companies to make a profit. Due to Azhar Iqubal business model and constant product development, Inshorts became a major player in the digital news sector.

Azhar Iqubal Net Worth & Business Ventures

Apart from Inshorts, Azhar Iqubal has expanded his entrepreneurial efforts into other successful ventures. While Inshorts remains his flagship project, he launched the Public App in 2019, which focuses on delivering hyperlocal news in video format. The app has gained over 100 million users, with the goal of bringing local communities across India together on a digital platform. Azhar Iqubal Net Worth has grown significantly through this venture, especially after Public App raised 300 crores in funding from A91 Partners in 2021. These funds are being used to enhance technology infrastructure and content development, positioning the app as one of India’s largest location-based social networking platforms.

Azhar Iqubal net worth is about Rs 500 Crore. It is primarily due to the success of his startup, Inshorts. Azhar Iqubal company has drawn praise by gaining the BusinessWorld Young Entrepreneur Award and the Leaders of Asia Award. The other awards received by Azhar Iqubal are listed below:

  • Fortune 40 under 40 was awarded in 2016.
  • Business World 40 under 40 received in 2018
  • Forbes India 30 under 30 received in the year 2018
  • Entrepreneur of the Year 2022 by Entrepreneur India Magazine

In 2019, Azhar Iqubal became the director of Locvid Services Private Limited, which provides services related to business and accountancy. So far, Azhar Iqubal Inshorts has raised $119 million from investors like Tiger Global and Times Internet. Azhar Iqubal company is recognised as a notable shareholder for gaining wealth from reputed investors.

Contributions and Appearances on Shark Tank India

Azhar Iqubal’s impressive achievements in the entrepreneurial world earned him a spot as a judge on Shark Tank India Season 3. His vast experience and success in building companies like Inshorts and Public App played a key role in his selection. Azhar Iqubal Net Worth reflects his sharp business acumen, which he used to provide investments and motivate innovators to succeed in their respective niches. On the show, Azhar balanced his knowledge and experience to meet global business standards, offering valuable insights. His startup investment journey began with his investment in Quickpay, further solidifying his reputation as a visionary entrepreneur.

  • On the show, he invested in the idea of intelligent clothing endorsed by the brand TURMS with a deal of Rs 1.2 Crores for 4% Equity. 
  • Along with Peyush Bansal, he agreed to invest in the idea of Skin Care Products by the brand Mintree with an investment of Rs 90 Lakhs for 1.5% Equity.
  • He also agreed to invest in the brand Chefling along with Peyush Bansal, Namitha Thaoar, and Amit Jain. The deal was closed with a Rs 40 lakh investment at a 16% valuation.
  • Azhar Iqubal has also invested with Peyush Bansal, Anupam Mittal, and Amit Jain in a brand called Aroleap. They closed the deal with a Rs 1 crore investment for 5% equity.

In general, Azhar Iqubal, in Shark Tank India, presented himself as a great negotiator in the Indian startup businesses. Azhar Iqubal’s biography, from being an IIT dropout to a media giant, his story can inspire millions of youth who want to achieve in the business sector.

Azhar Iqubal’s Journey from IIT to Shark Tank India

Azhar Iqubal has made significant contributions to the tech industry and media through his work in news aggregation with Inshorts. As the co-founder, Iqubal revolutionized how news is consumed by introducing concise, mobile-friendly summaries for users on the go. Azhar Iqubal Net Worth reflects his visionary approach to both investment and mentorship, encouraging aspiring entrepreneurs to explore impactful areas.

Looking ahead, Azhar Iqubal’s future vision revolves around innovations, entrepreneurship, and social impact. As a judge on Shark Tank India, he provides invaluable knowledge to young, aspiring entrepreneurs, helping shape the future business landscape in India and beyond. His growing Azhar Iqubal Net Worth demonstrates his ability to identify and invest in promising ventures. According to Iqubal, his next business steps may involve expanding both nationally and internationally, diversifying content to meet the evolving needs of users. With his experience, he is well-positioned to introduce new businesses or projects that continue to drive growth and innovation.

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Frequently Asked Questions:

Q1. What is the net worth of Azhar Iqubal?

Azhar Iqubal, a self-made businessman, has an impressive Azhar Iqubal Net Worth of Rs 500 Crore as of January 2023. His wealth is primarily attributed to the success of his startup, Inshorts, which has raised around $119 million from prominent investors such as Tiger Global and Times Internet. This remarkable achievement has significantly contributed to the growth of Azhar Iqubal Net Worth.

Q2. What does Azhar Iqubal do?

Azhar Iqubal is a self-made businessman who is also the co-founder and CEO of the Inshorts app. He dropped out of IIT to start his business venture. He is also a co-founder of Public App, which tends to focus on connecting the local communities of India. He was invited as a guest in Shark Tank India Season 3. His position as a Shark gave him the chance to evaluate and invest in promising startups.

Q3. Who is the CEO of InShorts company?

As of January 2022, Azhar Iqubal is the CEO of Inshorts, an app that delivers concise news summaries with only the most relevant information. Coming from a middle-class background, Azhar Iqubal’s entrepreneurial journey has led to his impressive Azhar Iqubal Net Worth. He garnered significant attention after being announced as one of the sharks in Shark Tank India Season 3, further adding to his growing reputation and wealth. Azhar Iqubal Net Worth reflects the success of his ventures, particularly Inshorts.

Q4. What is the net worth of the InShorts founder?

Azhar Iqubal’s net worth is estimated to be around Rs. 500 crores, as expressed by Mr Gupta’s entrepreneurial journey’s success. It’s common for the net worth of startup founders to fluctuate based on various factors such as company valuation. Through its widespread adoption and Iqbal’s entrepreneurial approach, Azhar Iqubal InShorts has partly contributed to its dominance in the digital media world.

Q5. How do Inshorts earn money?

Inshorts operates using a dual revenue stream model, combining in-app advertising and sponsored content. The app’s advertising strategy is both subtle and effective, with native ads blending seamlessly into users’ news feeds. This approach enhances ad visibility without disrupting the user experience, allowing for a smooth and engaging interface while generating significant revenue.

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