Amit Jain: CarDekho CEO & Shark Tank Investor 2025

January 13, 2025
amit jain net worth
Quick Summary

Quick Summary

  • Amit Jain, Shark Tank, is an Indian entrepreneur who co-founded Cardekho. It is India’s leading car search venture, helping users purchase the right car for them.
  • Amit is also a judge on the popular show Shark Tank India, where he aims to nurture young talent and innovators.
  • He is an alumnus of IIT Delhi and began his entrepreneurship journey as the CEO and co-founder of GirnarSoft, the IT externalising company that eventually launched Cardekho.

Table of Contents

Amit Jain is a renowned Indian entrepreneur and investor, best known for his role as a judge on the reality show Shark Tank India. He is the co-founder and CEO of CarDekho, one of India’s leading online automobile portals. Amit graduated from IIT Delhi with a degree in computer science. He began his career as a Software Engineer at TCS for a year, followed by nearly seven years at Trilogy, a US-based multinational firm, before embarking on his entrepreneurial journey. We will be looking at Amit Jain net worth.

Now, as a prominent figure on Shark Tank India, Amit evaluates and mentors budding entrepreneurs, offering both financial investment and strategic insights from his extensive experience. A seasoned investor, he is passionate about supporting and guiding new businesses, leveraging his knowledge and entrepreneurial background.

Discover more about Amit Jain’s net worth, education, experience, and his significant impact on India’s startup ecosystem below.

Who is Amit Jain? Entrepreneur to Shark Tank Investor

Amit Jain, an IIT Delhi alumnus, is the Co-Founder of CarDekho Group, a leading Autotech company in India that reached unicorn status in 2021 with a valuation of $1.2 billion. Before starting his entrepreneurial journey, Amit worked as a Software Engineer at TCS for a year and then spent nearly seven years at Trilogy, a US-based multinational firm. In 2007, he co-founded GirnarSoft, a tech venture, with his brother Anurag Jain.

Amit’s passion for cars led him to the Auto Expo in 2008, where he was disappointed by the limited product information available. This inspired him to create CarDekho, which has since evolved into a thriving conglomerate with diverse business verticals.

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Amit Jain Early Life

Born on November 12, 1976, in Jaipur, Rajasthan, Amit Jain grew up in a close-knit Jain family. He shared his childhood with his younger brother, Anurag Jain, who later became the Co-founder and COO of CarDekho. Their father, the Late Mr. Prashant Jain, an ex-RBI officer and gemstone trader, was the family’s primary provider, while their mother, Nilima Jain, nurtured the household. Amit’s grandfather, the Late Dr. Dharam Singh Jain, was a renowned astrologer, adding to the family’s distinguished lineage. Amit spent his formative years in Jaipur, which laid the foundation for his future endeavors.

Amit Jain Education

Amit completed his higher secondary education at St. Xavier’s Senior Secondary School in Jaipur, excelling in the sciences. His academic prowess led him to clear the Engineering Entrance Exam, securing admission to IIT Delhi, where he earned a bachelor’s degree in mechanical engineering from 1995 to 1999. To further sharpen his business acumen, Amit pursued an MBA at IIM Ahmedabad, graduating in 2006. This blend of technical and managerial education has been instrumental in shaping his successful entrepreneurial journey.

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Amit Jain Companies and Business Ventures

Amit Jain’s journey in the corporate world began in 1999 when he joined Tata Consultancy Services (TCS) as a Software Engineer. His career took a significant leap when he moved to Trilogy, a US-based firm, where he held roles as Senior Associate, Delivery Manager, and Product Manager over nearly seven years. This extensive experience laid the groundwork for his entrepreneurial pursuits.

In 2007, Amit, along with his brother Anurag Jain, co-founded GirnarSoft, an IT firm with the vision of building a business in their hometown, Jaipur. This dream materialized into CarDekho.com in 2008, the flagship portal of GirnarSoft, which quickly became a leading platform for automobile buyers and enthusiasts in India.

Currently, the CarDekho Group consists of several business ventures under its umbrella, including:

  • CarDekho: The flagship company, offering a comprehensive platform for researching, comparing, and connecting with car dealerships in India.
  • BikeDekho: A dedicated platform for two-wheeler enthusiasts, mirroring CarDekho’s model.
  • ZigWheels: Acquired in 2015, an online marketplace providing a wide range of automobile options.
  • PowerDrift: A go-to portal for automobile news and reviews, adding depth to the CarDekho ecosystem.
  • InsuranceDekho: India’s leading B2B2C Insurtech platform, enabling users to compare and purchase various insurance policies.
  • Rupyy: The largest used car lending fintech platform in India, simplifying car financing options.
  • CollegeDekho: An edu-tech initiative that helps students navigate the complex landscape of colleges and universities in India.

Beyond his business ventures, Amit Jain is a prominent investor and a judge on the hit reality show Shark Tank India, where he evaluates and mentors emerging entrepreneurs, turning innovative ideas into thriving businesses.

Amit Jain on Shark Tank India: Investment Strategies

As a savvy investor on Shark Tank India, Amit Jain employs a distinctive approach to identifying and nurturing promising ventures. His investment strategies reflect a deep understanding of business dynamics and a keen eye for potential. Here’s a closer look at the principles guiding his decisions:

  • Founder First Approach: Amit firmly believes in the mantra “Pehle Banda, Phir Dhandha” (First the person, then the business). He prioritizes the personality, experience, and resilience of the founders, recognizing that a dedicated and adaptable leader is essential for building a successful startup.
  • Customer-Centric Focus: For Amit, understanding how well a product or service meets customer needs is crucial. He carefully evaluates whether the venture addresses a gap in the market, ensuring that customer satisfaction remains at the core.
  • Business Model Viability: Amit meticulously analyzes the sustainability and profitability of a startup’s business model. His focus is on long-term potential, ensuring the venture is poised for enduring success.
  • Teamwork and Passion: He places a high value on the teamwork skills and passion of the founders. He believes that a cohesive team and the ability to adapt to changing circumstances are critical indicators of a startup’s success prospects.
  • Engagement with Users: Amit looks for founders who actively engage with their users from the outset, incorporating customer feedback to refine their offerings and drive improvement.
  • Support and Guidance: Beyond financial investment, Amit connects young entrepreneurs with essential capital, networks, and mentorship. He actively guides them in refining their strategies, offering initiatives like the Girnar Elevate Summit to foster growth and innovation.

Amit Jain’s investment strategies on Shark Tank India are not just about funding; they are about empowering entrepreneurs to realize their vision, building resilient businesses that thrive in the competitive market landscape.

Amit Jain Companies

Amit Jain, the co-founder and CEO of CarDekho, has played a significant role in various entrepreneurial ventures and investments. Here are some key companies and initiatives linked to him:

  1. CarDekho: Established in 2008, this platform has become a top destination for car reviews, comparisons, and sales.
  2. GirnarSoft: Co-founded by Amit and his brother Anurag Jain in 2007, this IT services firm eventually led to the creation of CarDekho.
  3. InsuranceDekho: A platform that provides insurance solutions specifically for vehicles.
  4. BikeDekho: A dedicated site for motorcycle reviews and sales.
  5. CollegeDekho: An educational resource that assists students in navigating college admissions.
  6. Rupyy: A fintech platform that offers a range of auto-financing options.
  7. Medulance: A GPS-enabled emergency response service.

In addition to these ventures, Amit Jain has also invested in several startups, including Suryoday, SUGAR Cosmetics, and Miko.

What is the Net Worth of Amit Jain?

According to reports, Amit Jain net worth will be approximately $365 million in 2024. He was named one of India’s “40 Under Forty” young business leaders by The Economic Times in 2019. Here are the details:

  • Amit’s company, Cardekho, raised $15 million in A-series funding from Sequoia Capital, a US-based organization, in 2013.
  • His company once again raised $250 million in an equity and debt funding round, valuing it at $1.2 billion in 2021. This also led the company to become a growing unicorn startup in India.
  • The current annual revenue run rate of the Autotech company is $100 million.
  • At the peak of the business venture, Cardekho invested around $20-25 million and sold around 800 cars.

Amit Jain Net Worth in Rupees

Amit Jain, who was born on November 12, 1976, in Jaipur, teamed up with his brother Anurag Jain to establish CarDekho in 2008. He completed his B.Tech at IIT Delhi before gaining experience at Tata Consultancy Services and Trilogy. In 2006, the brothers launched GirnarSoft, which later transformed into CarDekho following their visit to the Auto Expo in New Delhi. Under Amit’s guidance, CarDekho diversified its offerings to include InsuranceDekho, BikeDekho, and CollegeDekho, while also acquiring companies like Gaadi.com and ZigWheels. As of October 2023, Amit Jain’s net worth is estimated to be ₹2980 crores.

Amit Jain’s Shark Tank India Investments

Amit Jain’s investments on Shark Tank India:

  1. The Honest Home
  2. Tiggle
  3. Chefling
  4. Refit
  5. Aroleap
  6. Candid Men
  7. Model Verse
  8. MEPACK
  9. Littlebox
  10. Creme Castle
  11. Namakwali

The Honest Home: This brand specializes in eco-friendly everyday products. They secured a deal worth ₹1 crore for 3% equity and a 1% royalty until they recover ₹1.5 crores.

Tiggle: This company offers chocolate mixes. They struck a deal for ₹50 lakhs in return for 20% equity and a 2% royalty until ₹1 crore is recouped.

Chefling: This brand focuses on DIY food products. They received ₹40 lakhs in exchange for 16% equity.

Refit: This company deals in refurbished smartphones. They negotiated a deal for ₹2 crores in exchange for 1% equity and a 1% royalty until they recover ₹3 crores.

Aroleap: This company provides a smart home gym solution. They secured ₹1 crore for 5% equity.

Candid Men: This platform offers fashion rentals for men. They received ₹60 lakhs in exchange for 5% equity, with a provision to return 3% to the founder if a ₹2 crore profit after tax is achieved.

Model Verse: This company delivers an AI-driven image model wrapper. They secured ₹25 lakhs for 10% equity.

MEPACK: This brand offers customized gym subscriptions. They received ₹7 lakhs in exchange for 10% equity.

Littlebox: This company is a fast fashion D2C brand. They secured a deal for ₹75 lakhs in exchange for 2.5% equity.

Creme Castle: This brand specializes in customized cakes and bakery items. They received ₹60 lakhs for 2.5% equity.

Namakwali: This company sells organic spices. They secured ₹10 lakhs for 5% equity and an additional ₹40 lakhs in debt at 8% interest for three years.

Amit Jain Shark Tank: Visionary Leader & Role Model

Amit Jain stands as the driving force behind CarDekho, an IPO-bound unicorn that has reshaped India’s auto-tech landscape. Emerging from a Tier II city like Jaipur, his journey to the top is a rare and inspiring feat, accomplished by only a handful of entrepreneurs. As a judge on Shark Tank India, a mentor to early-stage founders, and an active angel investor, Jain has cemented his status as a pivotal figure in the startup ecosystem.

Jain’s story, marked by resilience and ambition, often leaves budding entrepreneurs asking, “Who is Amit Jain?” An alumnus of IIT-Delhi, he carved a successful career as a software engineer in the US until a family emergency in 2007 changed his path. His father’s sudden illness prompted both Amit and his brother Anurag to return to Jaipur, leaving behind their promising careers abroad.

Undeterred by challenges, Amit’s passion for entrepreneurship remained steadfast. Together, the Jain brothers founded GirnarSoft, an IT outsourcing firm, which later became the parent company of CarDekho. Today, Amit serves as the Group CEO, steering the company to remarkable heights, while Anurag leads as COO. Their journey from Jaipur to building a unicorn exemplifies the power of vision, perseverance, and entrepreneurial spirit.

Empowering Female Founders: Amit Jain’s Vision

Amit Jain, the CEO and Co-founder of CarDekho Group, is a passionate supporter of women’s empowerment and actively champions female-led startups. His investments and mentorship have played a crucial role in the success of these enterprises.

Highlights of Amit Jain’s Support for Women Entrepreneurs:

  1. Varied Investments: Amit has backed a range of female-led startups, such as Funngro, Gladful, MOPP Foods, Nish Hair, Ekatra, Maisha, Tiggle, A Toddler Thing, CandidMen, Creme Castle, Namakwali, and LittleBox.
  2. Significant Growth: The brands he has invested in have experienced impressive growth, with some achieving a fourfold increase in their monthly revenues.
  3. More Than Just Funding: Amit’s involvement goes beyond financial contributions. He offers strategic advice, ongoing mentorship, and hands-on support, assisting these businesses in overcoming market challenges and adapting to evolving demands.
  4. Dedication to Gender Equality: Amit believes that empowering women is essential for fostering a world where gender equality prevails. He is committed to closing the gender employment gap by investing in and supporting ventures led by talented women entrepreneurs.
  5. Vision for Tomorrow: Amit Jain dreams of a “New Bharat 2.0,” where gender equality is achieved, and women lead the charge in entrepreneurship.

Amit Jain: Guiding the Next Generation of Entrepreneurs!

As a Shark Tank India participant, Amit’s influence extends to mentoring budding entrepreneurs. His approach emphasizes not only financial investment but also the importance of guiding startups through key aspects such as team building, governance, and profitability.

Amit’s passion for cars and his visionary leadership have positioned CarDekho as an industry leader. His innovative mindset and ability to think outside the box continue to propel the company forward, making CarDekho a pioneering force in the Autotech sector.

With Amit Jain’s visionary leadership, CarDekho’s future remains bright, and his influence on the startup ecosystem is set to inspire the next wave of entrepreneurs in India and beyond.

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अमित जैन कौन हैं?

अमित जैन एक प्रसिद्ध भारतीय व्यवसायी हैं, जो CarDekho के सह-संस्थापक और सीईओ के रूप में जाने जाते हैं। उनका जन्म 12 नवंबर 1977 को जयपुर, राजस्थान में हुआ था। उन्होंने आईआईटी दिल्ली से इंजीनियरिंग की पढ़ाई की और टाटा कंसल्टेंसी सर्विसेज़ (TCS) और ट्रिलॉजी में काम किया। 2006 में, उन्होंने अपने भाई अनुराग जैन के साथ मिलकर GirnarSoft की स्थापना की, जिसने CarDekho, InsuranceDekho, और CollegeDekho जैसी सफल कंपनियों को जन्म दिया। अमित जैन शार्क टैंक इंडिया के जज के रूप में भी प्रसिद्ध हैं, जहां वे नए उद्यमियों को मार्गदर्शन और निवेश के अवसर प्रदान करते हैं।

अमित जैन नेट वर्थ

अमित जैन की संपत्ति अक्टूबर 2024 तक लगभग ₹2,980 करोड़ (लगभग $360 मिलियन USD) होने का अनुमान है। उनकी धन का प्रमुख स्रोत CarDekho और अन्य सफल उद्यमों में उनकी भागीदारी है।

Conclusion

Amit Jain, co-founder and CEO of CarDekho, has built a remarkable career, with a net worth estimated at ₹2980 crores ($360 million). His leadership has propelled CarDekho to unicorn status, with a valuation of $1.2 billion. Starting his entrepreneurial journey in 2007, Jain’s achievements have established him as a key figure in the Indian startup ecosystem. Additionally, his role as a judge on Shark Tank India has strengthened his reputation as a savvy businessman. Jain’s story is a true reflection of his vision, determination, and significant influence on the automotive and tech industries.

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Frequently Asked Questions (FAQ’s)

How did Amit Jain start his career?

Amit Jain began his career in 1999 by teaching tuition classes to support himself in Delhi. He graduated from IIT Delhi in the same year and subsequently worked as a software engineer at TCS for a year. Later, he joined the US-based company Trilogy as a senior associate and remained there for 6 years and 11 months. Amit Jain returned to India when his father fell ill and founded his own company, Girnarsoft, in 2006. This same company later led to the launch of CarDekho in 2008.

What educational background does Amit Jain have?

Amit Jain completed his primary education at Xavier’s Senior Secondary School in Jaipur. He then enrolled at IIT Delhi from 1995–1999, where he received a bachelor’s degree in mechanical engineering. Subsequently, in 2006, he completed an MBA from the Indian Institute of Management (IIM) Ahmedabad.

How has Amit Jain contributed to the success of CarDekho?

Amit and his brother were experts in cars. That is why they went to an Auto Expo in 2008. Here, they realised that the Expo was not available online. Their immense passion for cars drove them to start this particular business, Cardekho, in 2008. Eventually, the co-founders raised $15 million in series A funding for the company, making it a startup unicorn in India.

What are some notable investments Amit Jain made on Shark Tank India?

Amit Jain has made significant investments in several companies as one of the judges in the business reality show, Shark Tank India. A few notable ones include:
The Honest Home: ₹1 crore in exchange for 3% equity and 1% royalty
Tiggle: ₹50 lakhs in exchange for 20% equity and 2% royalty
Chefling: ₹40 lakhs in exchange for 16% equity

What is Amit Jain’s vision for the future of the Indian startup ecosystem?

Jain focuses on the startup founder’s ability, the spark in their personality, and the assessment of business and profit. This should be the focus when a startup founder presents a pitch to receive finance. Jain’s vision for the future feels that the founder creates the company; hence, he lays a lot of attention on the founder’s morals.

What is the net worth of Amit Jain?

Amit Jain, the co-founder and CEO of CarDekho, possesses an estimated net worth of ₹2980 crores, which is roughly equivalent to $360 million, as of October 2023.

Is amit jain the richest shark?

Amit Jain does not hold the title of the richest shark on Shark Tank India. That distinction belongs to Ritesh Agarwal, whose net worth is estimated to be around ₹16,000 crores.

Who is the richest in Shark Tank India?

Ritesh Agarwal, the founder and CEO of OYO Rooms, holds the distinction of being the wealthiest investor on Shark Tank India, boasting an estimated net worth of ₹16,000 crores, which is roughly equivalent to $1.9 billion.

How much is CarDekho worth?

As of 2023, CarDekho holds a valuation of around $1.2 billion. The company attained unicorn status following the successful acquisition of $250 million during its Series E funding round in October 2021.

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