CeoDekho’s Post

🚀 Exciting Updates from Inshorts! 📰 In a significant reshuffle, news aggregator Inshorts announces Azhar Iqubal, incumbent CEO and co-founder, as the new chairman. Meanwhile, Deepit Purkayastha, co-founder, steps into the role of CEO. Expressing gratitude, Purkayastha acknowledges Iqubal's leadership and looks forward to steering Inshorts through its next growth phase. With Iqubal transitioning to the chairman role after an impressive 11-year tenure as CEO, he expresses confidence in Purkayastha's leadership, highlighting his instrumental role in the company's journey. Established in 2013 by Iqubal, Purkayastha, and Anunay Arunav, Inshorts curates and summarizes news articles across various domains within 60 words. The startup also ventured into the social networking space with its app, Public, in 2020. Backed by prominent investors such as Vy Capital, Tiger Global, and A91 Partners, Inshorts has raised over $100 million in funding to date, competing with Ver Se Innovation's DailyHunt. However, the company faced challenges as its net loss surged to INR 310 crore in FY23, with revenue growth remaining modest. Iqubal's elevation coincides with his recent debut as a judge on Shark Tank India, marking another milestone in his journey. This leadership transition reflects a broader trend of top-level changes in Indian startups, underscoring the dynamic nature of the entrepreneurial landscape. Stay tuned for more updates as Inshorts continues its quest to revolutionize the news aggregation space! #Inshorts #Leadership #Transition #NewsAggregator #Startup #Growth

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