Inshorts


Inshorts is a news aggregator and content distribution company based in India. It publishes a mobile app that sends out news stories in 60-word bites. The app curates news from various domains covering news, information, updates, and noteworthy events around the world. Inshorts also operates Public App, a hyperlocal news and video-sharing platform.
Inshorts is one of the most popular news aggregator apps in India with more than 10 million app users.

History

Inshorts was founded in 2013 by Azhar Iqubal, Anunay Pandey, and Deepit Purkayastha. Inshorts has raised a total funding of $119M over six venture capital rounds. Its first funding round was on 5 September 2013. Its latest funding round was a Series D round on 15 July 2021, for $60M. One investor, Vy Capital, participated in its latest round.
In October 2015, Inshorts acquired Betaglide, a Bangalore-based web analytics startup for tracking app retention. In 2020, Inshorts launched Public App, a hyperlocal news, social-network, and video platform focusing on location-based updates.
As of FY24, Inshorts reported operating revenue of 181 crore, with a net loss of 228 crore, a 26% reduction in losses compared to the previous fiscal year, attributed to cuts in advertising and promotional expenses. Inshorts primarily operates on an advertising-based revenue model.