Amit Jain | Shark Tank India Judge, CarDekho CEO, Biography
Amit Jain’s Age and Biography
Amit Jain, an IIT Delhi alumnus, is the CEO and co-founder of CarDekho, an online marketplace for buying and selling used cars. Previously, the entrepreneur worked for TCS and Trilogy, a Texas-based software company.
Jain worked as a Software Engineer at Tata Consultancy Services from 1999 to 2000 when he graduated from IIT (TCS). Following his time at TCS, he worked as a Senior Associate in Austin for a Texas-based software company called 'Trilogy.' After his father became ill, he returned to India in 2006. This is when Amit decided to start his own IT outsourcing company in his hometown of Jaipur.
Amit and his brother Anurag Jain turned their garage into a makeshift company to launch 'GirnarSoft,' kicking off his dream of establishing an IT firm. According to Startup Talky, the brothers quickly hired a team of 20 people for their company. The promo for Shark Tank India season two has been released, and Ashneer Grover is nowhere to be found. Some fans believe the show will be different without him.
Amit Jain, the CEO and co-founder of CarDekho, an online marketplace for buying and selling used cars, has reportedly replaced Grover as one of the show's 'Sharks.' Amit Jain's Height is 5ft 8 Inches and his Weight is 70 kg. Amit Jain's Hair and Eye Color is Black. He loves to hear 'Love You Zindagi' from the movie 'Dear Zindagi'. His Favorite movie is 3 Idiots. Amit Jain loves reading. His favorite book is Built to last by Jim Collins.
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Amit Jain’s Family Tree
Amit Jain was born on 12th November 1977. Amit Jain's age is 45 years as of 2022. Amit Jain's Zodiac sign is Scorpio. Amit Jain was born in Jaipur, Rajasthan. Amit Jain is known as an Entrepreneur. Amit Jain is a Software Engineer by profession.
Amit Jain's Grandfather's name is Late Dr. Dharam Singh Jain who was a Renowned astrologer by profession. Amit Jain's father, Late Mr. Prashant Jain was Ex RBI officer and Gemstone businessman. Amit Jain's Mother's name is Nilima Jain. Talking about Amit Jain's siblings, he has a younger Brother named Anurag Jain who is the Cofounder and COO Cardekho Group.
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Amit Jain’s Education
Amit Jain, the CEO, and co-founder of CarDekho has taken over for Ashneer Grover, the former founder of BharatPe. Amit Jain, the new Shark, is from Jaipur and a graduate of the Indian Institute of Technology (IIT) 1999 Batch Delhi in the field of B-Tech (IT). Amit Jain did his schooling at Jaipur's Saint Xavier's School.
Amit Jain Wife and Children
Amit Jain's hometown and birthplace are Jaipur, Rajasthan, India. Amit Jain’s brother is Anuraj Jain. Anuraj Jain is also the co-founder of Car Dekho. Amit Jain got married to Pihu Jain. Pihu Jain works at Girnar Software Pvt Ltd as a Head. Amit Jian has two sons named Ayaan Jain and Aahil Jain, bot are 8 years old Twins.
Amit Jain’s Affairs and Relationships
Amit Jain and Pihu Jain's Marriage
Pihu Jain and Amit Jain got married. Pihu Jain is employed by Girnar Software Pvt Ltd. Amit Jain is a proud father of two sons.
Amit Jain’s Career
Amit Jain worked as a Software Engineer at Tata Consultancy Services from 1999 to 2000, the year he graduated from IIT (TCS). Following his time at TCS, he worked as a Senior Associate in Austin for a Texas-based software company called 'Trilogy.' After his father became ill, he returned to India in 2006. This is when Amit decided to start his own IT outsourcing company in his hometown of Jaipur. Amit and his brother Anurag Jain turned their garage into a makeshift company to launch 'GirnarSoft,' kicking off his dream of establishing an IT firm. According to Startup Talky, the brothers quickly hired a team of 20 people for their company.
The company's early years were profitable. However, they quickly lost around Rs 1 crore in stock. This didn't deter Amit. After attending that year's Auto-Expo in Delhi, Amit and Anurag came up with the idea for CarDekho. 'Our goal was to leverage technology and provide users with the best-in-class car buying or selling experience.' 'We created a portal where people could come to find the right information and review cars before making a purchasing decision,' Amit Jain wrote on LinkedIn. According to a MoneyControl report, CarDekho became profitable after seven years of operations, after which the company received $15 million in Series-A funding in 2013.
CarDekho is a search venture that assists users in purchasing vehicles that meet their requirements. The website and app feature automotive content such as expert reviews, detailed specifications and prices, and images and videos of all car models available in India. To help buyers, the company has partnered with many automobile manufacturers and over 4000 car dealers, according to its official website. According to Amit Jain, the company is currently valued at $1.2 billion. Jain wants to make the car-buying process even easier for users and turn CarDekho into one of the top five auto portals in the world. The brothers now want their company to cater to broader automotive lifestyle needs.
Amit Jain’s Struggles
My family's unwavering support has contributed significantly to my success. Back in 2006, my brother Anurag and I quit our jobs and moved back to Jaipur, where our entrepreneurial journey began in our small home garage, which we converted into a makeshift office, and incorporated GirnarSoft, a software outsourcing company with a big dream to build a billion-dollar company. After a year of working on GirnarSoft, we went to the 2008 Auto Expo in New Delhi and came back with the idea for our new venture, CarDekho. Our goal was to use technology to provide users with the best-in-class car buying or selling experience possible. We created a website where people could come to get the right information and review cars before making a purchase decision. As they say, the road to success is not always smooth, and we encountered numerous stumbling blocks while developing CarDekho.
But we persevered and bootstrapped for 7 long years, turned CarDekho profitable, secured $15 million in Series-A funding in 2013, and grew to become a unicorn with a valuation of $ 1.2 billion. Looking back, I'd say that what began as a simple portal for new cars has now evolved into a complete ecosystem that provides a one-stop solution for auto buyers/sellers that includes new cars, used cars, finance, and insurance. Our Used Auto Business is also one of the industry's fastest-growing players, trading used cars in over 20 markets. We also founded InsuranceDekho, the largest B2B Insurtech in the country and one of the leading B2C insurance brokers. Rupyy, our Fintech venture, is a profitable company with a 13% market share in India. BikeDekho, CollegeDekho, and our acquisitions Gaadi.com and Zigwheels are also part of the group. We have also expanded into Indonesia, where we are the market leader in new and used car financing. Amit Jain wrote on LinkedIn.
Shark Tank India 2022
Shark Tank India, the Indian adaptation of the World's No.1 Business Reality format, returns with the second season, brought to you by Sony Entertainment Television and Sony LIV, following a brilliant first season that revved up India's business growth engine and changed the way the country views entrepreneurship. Shark Tank India will once again give entrepreneurs the opportunity to pursue their entrepreneurial dreams by pitching their business ideas to experienced investors and business experts known as The Sharks. Amit Jain, co-founder, and CEO of CarDekho has taken the place of former BharatPe founder Ashneer Grover as a judge.
Amit Jain is a native of Jaipur and a graduate of IIT Delhi. As the title suggests, Shark Tank India season 1 gave the audience a new perspective on their own businesses and a slew of entrepreneurial jargon like equity, valuation, shares, and so on! The season was the talk of the town, thanks to some innovative startups and appealing investments. The promo was directed by Abhinav Pratiman and produced by Early Man Films. It was written by Tanmay Bhat, Devaiah Bopanna, Puneet Chadha, and Deep Joshi.
Shart Tank India Season 2 judges are Anupam Mittal (Founder and CEO of Shaadi.com - People Group), Aman Gupta (Co-Founder and CMO of boAt), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics), Peyush Bansal (Founder & CEO of Lenskart.com). Along with the judges, the cast also includes Rahul Dua, a highly talented stand-up comedian, who will host the show, this is the cast of Shark Tank India Season 2. So fasten your seatbelts and get ready to board the Shark Tank India 2 train, where fertile Indian minds will hatch innovative business ideas.
Amit Jain’s Net Worth and Income
According to reports, he publicly owns 14 stocks worth more than Rs. 69.6 crores. Amit Jain's Net Worth is Rs. 2500 Crores INR.
Under the guidance of Amit Jain, the Car Dekho Group reach great heights of success. Car Dekho is India’s # 1 Autotech portal and Rajasthan’s1st Unicorn. The Group Valuation of $1.2 Bn as per the last valuation in Series E raised in Oct 2021. Its branches have been spread to countries like India, Singapore, Indonesia, Philippines, and Malaysia.
Gaadi (2014), ZigWheels (2015), PowerDrift (2018), Carmudi Phillipines (2019) are the Key acquisitions in CarDekho group under Amit’s leadership. Brands established by Amit Jain are Autotech CarDekho, BikeDekho,OTO.com - Indonesia which falls under Autotech, InsuranceDekho which falls under Insuretech, Fintech Rupyy which is a part of Fintech, and CollegeDekho.
Amit Jain Achievements
CarDekho Group, according to the company's website, exceeded the $100 million revenue run rate in September 2021 due to strong performance across business segments.
The company is worth $1.2 billion. The company plans to expand its Used Car Retail Transactions business geographically and to increase its catalog to 10,000 cars in the near future.
The company intends to expand across India with retail hubs focusing on both used car purchases and certified pre-owned car retail transactions with customers.
5 Interesting Facts about Amit Jain
- Every citizen in a country like India dreams of owning a car to make their lives easier and maintain their standard of living. Getting a car, on the other hand, isn't easy because it involves a lot of research and visiting various showrooms.
- Keeping the customer's experience in mind when purchasing a car in mind, a young IITian targeted the audience and decided to enter the world of business with his brother as a partner. To put an end to your excitement, the entrepreneur's name is Amit Jain, and he is the Chief Executive Officer (CEO) and Co-Founder of CarDekho.
- Amit Jain was asked if he works more from the heart or the head. 'Depending on the situation, I suppose I am both. The majority of the time, I am fairly objective. When it comes to people, I have more heart, and when it comes to business, I have more head.
- When both brothers went to the Auto Expo in Delhi in 2008, they had the idea for CarDekho. In 2013, the company raised $15 million in Series-A funding. According to Amit Jain, the company is currently valued at $1.2 billion.
- Amit Jain, the co-founder and CEO of CarDekho, has taken over as a judge on Shark Tank India in place of Ashneer Grover, the former founder of BharatPe. People expect newly hired judge Amit to match Ashner's energy in the second season. Ashneer Grover was fired earlier this year and was embroiled in a contentious legal battle over alleged fraud. According to reports, he is planning to start another company.