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Rejig At Inshorts: Azhar Iqubal Becomes Chairman

Inc42 · 1y

Inshorts, the news aggregator platform, has announced a major reshuffle in its leadership team. Co-founder Azhar Iqubal will transition from the CEO role to become the company's Chairman. Cofounder Deepit Purkayastha has been promoted to the position of CEO. Inshorts summarises news articles across various topics within 60 words. The company has raised over $100 million in funding and competes with other news aggregators like DailyHunt. However, it reported a net loss of INR 310 crore in the FY23 financial year, with a modest revenue increase of 9%.