- ByStartupStory | April 5, 2024
Noida-based short news app, Inshorts, has unveiled a significant shift in its executive leadership, with Co-founder Azhar Iqubal assuming the role of Chairman. Concurrently, Co-founder Deepit Purkayastha is set to step into the position of CEO following the transition.
“After leading the company for 11 years as CEO, I have decided to step into the role of Chairman of the company. My co-founder, Deepit, who has been an instrumental part of our journey from the beginning, will take charge as the CEO of the company and I am excited to see him lead our company to even greater heights. I remain committed to our vision and mission of building a large and profitable internet company in India,” expressed Azhar Iqubal, Co-founder and Chairman, Inshorts.
Founded in 2013, Inshorts boasts over 12 million active users and has collaborated with over 1,500 brands for marketing campaigns. In 2020, it introduced the hyperlocal content platform, Public app, which currently garners 70 million active users.
“Azhar has led from the front through ups and downs. I thank Azhar on behalf of the company and I feel honored to take on the role of CEO to lead the company through the next phase of growth,” shared Deepit Purkayastha, Co-founder and CEO, Inshorts.
The company enjoys backing from notable venture capital firms including Vy Capital, A91 Partners, SIG, Tiger Global Management, and Tanglin Venture Partners. Notably, in 2022, Inshorts revamped its team with key appointments such as Nikhil Taneja as Head of Corporate Development and Investor Relations, Pavit Singh Katoch as General Counsel, and Abhijeet Ranjan as Chief Revenue Officer of Public app, aimed at fortifying the leadership team. Its most recent funding round in 2021 amassed $60 million led by Vy Capital, with participation from existing investors.
