How This Shark Tank Judge Built a Million Dollar Company From A Facebook Page | Business Case Study

Here is How to build a 500 million dollar company from just a Facebook page. Back in 2013 three friends from the Indian Institute of Technology observed that young Indians from the age group 18 to 35 don’t like consuming content through traditional news sources and they are spending more and more time on social media platforms like Facebook. So they decided to solve this problem by opening up a Facebook page that provided news summaries in just 60 words. It garnered 20k followers within a month. Then they launched an app and saw resounding adoption. The app got 1 million downloads in just six months. As of 2023 it has surpassed 10 million downloads.
But a lot of people have tried building such an app here are 4 reasons why Inshorts made it and others did not.
The Sharks are poised to commence filming for the fourth phase of the upcoming season and Inshorts co-founder and CEO Azhar Iqubal is the latest entrepreneur to be featured on Shark Tank India, according to the show's official X page (previously Twitter).

[@quizzkon]

Do they did any contracts with news sources as I shorts aggregates news from other media houses they had to come with some sort of agreement?

[@wisdom.podcast]

Yes!