As of April 2021, Inshorts app reached approximately 500k downloads worldwide in Google Play.As of January 2023, InShorts has surpassed its monthly active (MAU) base of 60 million and aims to cross the 100 million MAU milestone in the next three to five years.Inshorts App Download and Usage Statistics Inshorts became operationally profitable in November 2017, with a net revenue of $3.4 million, compared to $0.4 million in 2016.In FY19, Inshorts achieved a revenue run rate of $10 million per annum.Inshort revenue for the period of 2019 – 2020 was $14 million.Inshorts reported a turnover of Rs 81.74 crore for the fiscal ended 31st March 2020 compared to Rs 48.72 crore in FY19.In July 2021, Inshorts raised $60 million in a new funding round at a $550 million valuation.InShorts’s revenue from operations grew 44.9% to $18.94 million or Rs 143.94 crore in FY22 from $13.07 million or Rs 99.33 crore in FY21.Source Crunchbase Inshorts Revenue Statistics Total Funding Amount: $164.9 million in 9 funding rounds. Company Overview HeadquarterĪzhar Iqubal, Anunay Arunav, Deepit Purkayastha Founded in 2013 in India by Azhar Iqubal, Anunay Arunav, and Deepit Purkayastha, Inshorts provides mobile apps for Android and iOS users to encourage the youth in India to keep up with the news. Usually commercial software or games are produced for sale or to serve a commercial purpose.Inshorts is a news aggregator app that summarises news to present them in 60 words or less. Even though, most trial software products are only time-limited some also have feature limitations. After that trial period (usually 15 to 90 days) the user can decide whether to buy the software or not. Trial software allows the user to evaluate the software for a limited amount of time. Demos are usually not time-limited (like Trial software) but the functionality is limited. In some cases, all the functionality is disabled until the license is purchased. Demoĭemo programs have a limited functionality for free, but charge for an advanced set of features or for the removal of advertisements from the program's interfaces. In some cases, ads may be show to the users. Basically, a product is offered Free to Play (Freemium) and the user can decide if he wants to pay the money (Premium) for additional features, services, virtual or physical goods that expand the functionality of the game. This license is commonly used for video games and it allows users to download and play the game for free. There are many different open source licenses but they all must comply with the Open Source Definition - in brief: the software can be freely used, modified and shared. Programs released under this license can be used at no cost for both personal and commercial purposes. Open Source software is software with source code that anyone can inspect, modify or enhance. Freeware products can be used free of charge for both personal and professional (commercial use). The app is optimized for all modern versions of Windows OS, such as Windows 7, 8, and 10.įreeware programs can be downloaded used free of charge and without any time limitations. The minimum system requirement asks for a modern CPU that supports Virtualization Technology, 8GB of RAM, and lots of space on a local hard drive. InShot can run on a PC with the help of any Android emulator such as LDPlayer. Its UI is touch-friendly and can be easily controlled even by complete novices. The app can easily handle and export videos with up to 4K resolution and 60fps and can also load and convert all modern photo and audio formats. It hosts basic Video Editing tools (trim, cut, merge, crop, adjust the ratio, set volume, reverse or rewind the clip), many Advanced Video Tools needed for more ambitious video productions (keyframes, picture in picture rendering, chroma-key, masks, mixtures and blending, and color grading), the wide array of Audio Tools (extracting audio, adding music, sound effect editor, voiceover plugin), Filters and Effects, Text and Stickers, premade Templates for projects intended to be shared on various social platforms (Tik Tok, Instagram, YouTube), a versatile Photo Editor, Video Slideshow and static Collage editor, and wide array of export tools for local file saving or sharing online. InShot is a versatile video, audio, and photo editor that can perform anything the user desires.
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