You’ve probably used the Inshorts app to stay up to date with the latest news in 60 words or less. Did you know that the founder, Azhar Iqubal net worth, has built up an impressive along the way? As of 2024, Azhar Iqubal’s net worth is estimated to be over ₹200 crore! Not bad for an IIT graduate who got rejected from Google before starting his own successful news app. Stick around as we break down how the Inshorts founder went from computer science student to one of India’s youngest self-made millionaires. With investments from Ratan Tata himself, Iqubal has come a long way since launching his news app back in 2013. We’ll look at his career highlights, entrepreneurial achievements, and predictions for how the Inshorts founder’s wealth could grow even higher in the years ahead!
| Azhar Iqubal | Details |
| Profession | Entrepreneur |
| Celebrity Type | Businessman |
| Age | 31 years as of 2024 |
| Date Of Birth | 1993 |
| Zodiac Sign | Leo |
| Birthplace | Kishanganj, Bihar, India |
| Height | 5’10’ Feet |
| Notable Work | Inshort |
| Net Worth | 500 crores |
| @azhar.iqubal | |
| @azhar_iqubal |
Introducing Azhar Iqubal, Founder of Inshorts
Azhar Iqubal is the co-founder and CEO of Inshorts, India’s highest-rated news app. This popular news aggregator platform provides bite-sized news in just 60 words. Azhar came up with the idea for Inshorts during his second year of engineering at IIT Delhi, where he studied Computer Science. He dropped out at the age of 19 to focus on Inshorts, proving that success comes to those who dare to dream big.
Azhar has since led Inshorts to become one of the top news apps in India, with over 10 million active monthly users. His company has raised funding from investors like Tiger Global, SIG, and Beenext. Azhar’s vision, determination and leadership have been instrumental in Inshorts’ success.
With an estimated net worth of over ₹970 crore (US$130 million) in 2024, Azhar is an inspiration to budding entrepreneurs in India. His story shows how perseverance and passion can lead to prosperity. Azhar is active on social media, especially Instagram, where he shares insights into his personal and professional life with his 9893 followers.
Despite his success, Azhar remains humble and down to earth. He continues to focus on enhancing the Inshorts experience for readers and evolving with changes in technology and user preferences. Azhar’s ambition, adaptability and humility have shaped his journey to becoming a leader in India’s startup ecosystem. His vision and values make Azhar Iqubal a role model for aspiring entrepreneurs in India.
Azhar Iqubal’s Entrepreneurial Journey and Inshorts’ Success
Azhar Iqubal started his journey as an entrepreneur back in 2013 when he dropped out of IIT Delhi to launch Inshorts, an AI-based news app that summarises news in 60 words. The idea was simple but innovative – give busy people a quick way to stay updated with the news.
Inshorts grew rapidly, gaining over 25 million monthly active users at its peak. The app’s success led to Iqubal being invited as a judge on the hit entrepreneurial reality show ‘Shark Tank India’. Through the show, Iqubal shared his experience building a successful startup and gave guidance to aspiring entrepreneurs.
The key factors behind Inshorts’ success were:
- Identifying a need: Providing a solution for people with little time to read long news articles.
- Focusing on mobile-first: Launching an easy-to-use app tailored to small screens with summaries optimised for mobile reading.
- AI and personalisation: Using machine learning to analyse user preferences and serve customised news feeds.
- Growth hacking: Employing creative marketing techniques like social media contests and referral programmes to gain more users.
In 2024, Inshorts continues to dominate the news aggregation market in India. Under Iqubal’s leadership, the company has expanded into vernacular languages and audio news summaries. His vision, perseverance and ability to adapt to changes have shaped Inshorts into the hugely successful company it is today. With an estimated net worth of over ₹500 crore, Azhar Iqubal has undoubtedly earned his place among India’s most prominent tech entrepreneurs. Also Read: Aman Gupta Net Worth.
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Estimating Azhar Iqubal’s Current Net Worth in Rupees
Azhar Iqubal has built an impressive fortune as the founder and CEO of Inshorts, India’s highest-rated news app. According to recent estimates, Azhar Iqubal’s net worth is around Rs 500 crore (or Rs 5 billion) in 2024.
The majority of Azhar’s wealth comes from his stake in Inshorts. He owns about 30-35% of the company’s shares. Inshorts was last valued at $550 million in early 2022 after raising $35 million in funding. If Inshorts were to go public at that valuation, Azhar’s stake could be worth over $165 million or Rs 1,200 crore. However, startup valuations often increase a lot after companies go public, so his shares could end up being worth significantly more.
Inshorts has raised over $119 million or about Rs 990 crore in funding from investors like Tiger Global, Vy Capital, and SIG. The company makes money through advertising on its platform and has over 100 million monthly active users. Inshorts is not yet profitable but continues to show impressive growth.
While the valuation of private companies like Inshorts can be tricky to pin down precisely, most estimates put Azhar Iqubal’s net worth between Rs 300 to Rs 600 crore, with Rs 500 crore being a reasonable midpoint. His wealth could increase substantially if Inshorts completes an initial public offering in the coming years. However, startup founders often have much of their net worth tied up in company stock, so Azhar’s net worth in liquid assets is likely lower.
Overall, Azhar Iqubal has built an enormously successful company and amassed a sizeable fortune at a young age. His story serves as an inspiration to aspiring entrepreneurs in India. With Inshorts continuing to scale, Azhar’s net worth seems poised to grow a lot more in the years ahead.
Projecting Azhar Iqubal’s Net Worth Growth by 2024
Azhar Iqubal has built an impressive fortune over the last few years through Inshorts, the news aggregator app he founded in 2013. At just 32 years old, his current net worth is estimated to be around INR 500 crores. But with Inshorts continuing to grow at an incredible pace, Azhar’s wealth is poised to skyrocket in the coming years.
By 2024, Inshorts is projected to reach 100 million monthly active users, up from 60 million today. The company is also expanding into several new verticals, including Inshorts TV, ESports, and an audio platform. These new initiatives, combined with Inshorts’ popularity in India’s fast-growing digital news market, could help the company’s valuation surge to USD 2 billion or more.
If Inshorts’ valuation reaches USD 2 billion, Azhar’s stake in the company would be worth over INR 1,400 crore. And that doesn’t even account for any additional funding rounds Inshorts may complete, which could further boost Azhar’s net worth. It’s not unreasonable to think Azhar’s total wealth could exceed INR 2,000 crore or perhaps even INR 3,000 crore by 2024.
Of course, there is always uncertainty with future projections. Inshorts’ growth could slow or the company may face new competitors that impact its success. But based on Inshorts’ current momentum and expansion plans, Azhar Iqubal seems poised to become one of India’s wealthiest self-made entrepreneurs in just a few short years. His inspiring story of perseverance and vision serves as a model for aspiring startup founders in India. At just 32, Azhar’s future is bright, and if Inshorts continues its phenomenal rise, his net worth in 2024 may shine even brighter. Also Read: Ashneer Grover Net Worth.
Azhar Iqubal Net Worth in Rupees 2024 FAQs
You probably have some questions about Azhar Iqubal net worth and how he achieved such massive success with Inshorts. Here are some of the most frequently asked questions:
How much is Azhar Iqubal net worth in rupees?
As of 2022, Azhar Iqubal’s net worth is estimated to be over Rs 12,800 crore or around $1.7 billion USD. The majority of his wealth comes from his stake in Inshorts, the news aggregation app he founded. Inshorts is currently valued at $550 million, so Azhar owns a sizeable portion of the company.
How did Azhar Iqubal become so wealthy?
Azhar Iqubal founded Inshorts, a news aggregation app, in 2013 along with Anunay Kumar and Chandan Kumar. The app provides 60-word summaries of news articles in English and several Indian languages. Inshorts has become hugely popular, with over 100 million downloads. Azhar still serves as CEO of Inshorts, and the company’s success has made him very wealthy.
Will Azhar Iqubal net worth increase in 2024?
If Inshorts continues on its current trajectory, Azhar Iqubal’s net worth is likely to increase substantially by 2024. Inshorts is still growing rapidly, expanding into new languages and features. The company may raise additional funding or even go public with an IPO in the next few years. Either of these events would significantly boost Azhar’s net worth, which could potentially double or triple by 2024. Of course, there is always a chance of market fluctuations, but Azhar’s fortune looks poised for solid growth.
Does Azhar Iqubal donate to charity?
Azhar Iqubal is not particularly public about his charitable donations or philanthropic causes. However, given his massive wealth and young age, he may become more involved in charity and social impact initiatives over time. Some of India’s other young tech billionaires like Nikhil Kamath have pledged large portions of their wealth to charity. As Azhar’s net worth continues increasing, he may follow a similar path. For now though, his charitable works and donations remain private. Also Read: Peyush Bansal Net Worth.
Conclusion
So there you have it, folks. Azhar Iqubal has come a long way from being a young engineering student with big dreams to the founder of one of India’s most successful news apps. His estimated net worth in 2024 shows just how far hard work and perseverance can take you. While the money and fame are nice, it seems Azhar’s passion has always been for making news accessible and shaping the future of digital media in India. Pretty inspiring, right? Of course, his story’s not over yet. At just 34, who knows what else Azhar will accomplish in the years to come. But for now, it’s clear this bright mind has already left his mark – and made a fortune doing it!
