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Amit Jain is an Indian entrepreneur and investor. People recognize him for his role as a judge in the Indian reality show Shark Tank. He is also the co-founder and CEO of CarDekho. It is one of India’s leading online automobile portals. Jain graduated from the Indian Institute of Technology Delhi (IIT Delhi) with a degree in computer science. Amit Jain worked as a Software Engineer at TCS for a year and then spent almost seven years at Trilogy, a US-based multinational firm, before starting his entrepreneurial journey. Now, he evaluates and mentors budding entrepreneurs in Shark Tank India.
Overall, he is an experienced investor who is very supportive of entrepreneurs. Amit is dedicated to teaching new businesses through financial investment. He also uses trading knowledge gained from his personal entrepreneurial experience. Learn about Amit Jain net worth, education, experience, and more below.
Amit Jain, an alumnus of IIT Delhi, is the Co-Founder of CarDekho Group. It is a prominent Autotech company in India that achieved unicorn status in 2021. The company’s current valuation stands at $1.2 billion. Prior to starting his entrepreneurial journey, Amit Jain, Cardekho’s current CEO, worked as a Software Engineer for a year at TCS. Later, he spent almost seven years at a US-based multinational firm, Trilogy. Amit co-founded GirnarSoft, a technology venture, along with his brother Anurag Jain in 2007.
Amit’s love for cars led him to attend the Auto Expo in 2008 along with his brother. However, he was disappointed by the limited product information available on various vehicles at the event. This experience inspired him to establish the Autotech company CarDekho. As of now, the same company has evolved into a conglomerate of thriving businesses in various verticals.
Amit Jain was born on November 12, 1976, in Jaipur, Rajasthan. He hails from a Jain family and grew up alongside his younger brother, Anurag, who serves as the co-founder and COO of CarDekho. At that time, their father was the family’s primary provider. Amit’s grandfather, the Late Dr. Dharam Singh Jain, was a distinguished astrologer, while his father, the Late Mr. Prashant Jain, had a career as an ex-RBI officer and was involved in the gemstone trade. His mother is named Nilima Jain. Amit spent the majority of his formative years in his native city, Jaipur.
Amit Jain finished his higher secondary education at St. Xavier’s Senior Secondary School located in Jaipur. Following this, he focused on the sciences and successfully cleared the Engineering Entrance Exam, which led to his admission at IIT Delhi. There, he obtained a bachelor’s degree in mechanical engineering from 1995 to 1999. To augment his expertise, Amit later pursued an MBA at the Indian Institute of Management (IIM) Ahmedabad, graduating in 2006. This combination of technical and managerial training has played a crucial role in the development of his prosperous entrepreneurial career.
In the year 1999–2000, Amit Jain worked as a Software Engineer at Tata Consultancy Services (TCS). Later, he held positions as a Senior Associate, Delivery Manager, and Product Manager at Trilogy, a US-based firm. Jain worked at the same company for about 6 years and 11 months. Later, Amit co-founded GirnarSoft, an IT firm, in 2007, along with his brother Anurag Jain. Both brothers had the dream of starting a business in their hometown. Amit and Anurag co-founded CarDekho.com, the flagship portal of GirnarSoft, in 2008.
Currently, the CarDekho Group consists of several business ventures under its umbrella, including:
Amit Jain is also an active investor and has appeared as a judge on the Indian reality show Shark Tank India. In this show, entrepreneurs pitch their business ideas to potential investors.
Amit Jain, a Shark Tank investor, chooses his strategies in a very special manner. Take a look at his investment strategies that help him identify promising ventures:
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:
In addition to these ventures, Amit Jain has also invested in several startups, including Suryoday, SUGAR Cosmetics, and Miko.
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 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 investments on Shark Tank India:
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 is currently the driving force behind the IPO-bound unicorn. The Indian entrepreneur wears many hats and embarks on a startup journey from a Tier II city, a feat accomplished by only a few businessmen. Jain’s roles as a Shark Tank India judge, a mentor to early-stage founders, and an angel investor on the platform have earned him widespread recognition across the startup ecosystem.
Jain’s backstory mirrors the same grit as his business, prompting enthusiastic entrepreneurs to inquire, “Who is Amit Jain?” An alumnus of IIT-Delhi and a local Jaipur boy, he worked as a software engineer in the US until 2007. However, he and his brother Anurag had to leave their jobs and return home due to a medical emergency in the family. For the unversed, one of them had to return because their father suddenly fell ill.
Amit was not one to give up on his enthusiasm for startups and entrepreneurship. That’s why the brothers launched an IT outsourcing firm called GirnarSoft. Now, it serves as the parent company of CarDekho. Amit Jain is now the group CEO, and his brother Anurag is the COO of Girnarsoft.
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:
Amit Jain, CarDekho’s co-founder, is also a current participant in Shark Tank India Season 3. He believes that apart from providing financial investment, it is equally important to mentor budding entrepreneurs. He guides young and emerging entrepreneurs by sharing his valuable experience and providing them access to invaluable resources. As a Shark, as he is referred to on the reality show, he aims to connect with entrepreneurs and advise them on important matters. This includes building their teams, governance, adapting business strategies, crystallizing their vision, and prioritizing profitability.
Amit’s passion for cars and his vision for GirnarSoft have been instrumental in his eventual success as the founder of CarDekho and as a business leader. His ability to think outside the box and implement unique ideas has helped him stay ahead of the competition, keeping CarDekho at the forefront of the industry.
Ultimately, Amit’s leadership and innovative strategies will continue to drive the growth of CarDekho in the future.
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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 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।
Amit Jain, the co-founder and CEO of CarDekho, has an impressive net worth estimated at around ₹2980 crores ($360 million). His leadership has propelled CarDekho to unicorn status, achieving a valuation of $1.2 billion. Jain embarked on his entrepreneurial journey in 2007, and his achievements have established him as a prominent figure in the Indian startup ecosystem. Furthermore, his position as a judge on Shark Tank India has solidified his status as a shrewd businessman. Jain’s narrative exemplifies his vision, determination, and substantial impact on the automotive and technology sectors.
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.
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.
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.
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
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.
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.
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.
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.
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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