News on Medial

InsShorts Azhar Iqubal steps down from CEO role; cofounder Deepit Purkayastha to take over

Economic Times · 1y

Azhar Iqubal, the co-founder and CEO of online news aggregator InShorts, is transitioning to the position of chairman, while co-founder Deepit Purkayastha will take over as the new CEO. InShorts, founded in 2013, provides daily news highlights in 60 words across various categories. The company's losses widened in FY23, but it raised $60 million in funding in July 2021. This management rejig follows a trend of startups making organizational changes, with other companies like MyGate, Third Wave Coffee, Epigamia, and Porter also experiencing leadership transitions.