Amit Jain | Shark Tank India Judge, CEO of CarDekho, Bio

Amit Jain's Age and Biography

IIT Delhi alumnus Amit Jain is the CEO and co-founder of CarDekho, an online marketplace for used cars. Earlier, the entrepreneur worked at TCS and Texas-based software company Trilogy.

After graduating from Indian Institute of Technology (TCS), Jain worked as a software engineer at Tata Consultancy Services from 1999 to 2000. After leaving TCS, he worked as a senior associate at a Texas-based software company called Trilogy in Austin. In 2006, he returned to India after his father fell ill. At this time, Amit decided to start his own IT outsourcing company in his hometown of Jaipur.

Amit and his brother Anurag Jain started his dream of starting an IT company by converting their garage into a makeshift company, GirnarSoft. The brothers quickly recruited a team of 20 for their company, reports Startup Talky. The promos for the second season of Shark Tank India have been released, but Ashnil Grover is nowhere to be seen. Some fans feel that the show will not be the same without him.

Amit Jain, CEO and co-founder of CarDekho, an online marketplace for used cars, has reportedly replaced Grover as one of the Sharks on the show. Amit Jain is 5 feet 8 inches tall and weighs 70 kg. Amit Jain's hair and eye color is black. He loves listening to “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.

Amit Jain's Family Tree

Amit Jain was born on 12 November 1977. As of 2022, Amit Jain's age is 45 years old. Amit Jain's zodiac sign is Scorpio. Amit Jain was born in Jaipur, Rajasthan. Amit Jain is known for being an entrepreneur. Amit Jain's profession is a software engineer.

Amit Jain’s grandfather was named as late Dr. Dharam Singh Jain, who was a famous professional astrologer. Amit Jain’s father was named as late Mr. Prashant Jain, who was a former Reserve Bank of India officer and gem merchant. Amit Jain’s mother was named as Nilima Jain. Talking about Amit Jain’s siblings, he has a younger brother named as Anurag Jain, who is the co-founder and COO of Cardekho Group.

Amit Jain's Educational Background

CarDekho CEO and co-founder Amit Jain succeeds Ashneer Grover, former founder of BharatPe. New Shark Amit Jain hails from Jaipur and graduated from the Indian Institute of Technology (IIT) Delhi, batch of 1999, majoring in B-Tech (IT). Amit Jain graduated from St. Xavier's School, Jaipur.

Amit Jain's wife and children

Amit Jain's hometown and birthplace is Jaipur, Rajasthan, India. Amit Jain's brother is Anuraj Jain. Anuraj Jain is also the co-founder of Car Dekho. Amit Jain is married to Pihu Jain. Pihu Jain works as a director at Girnar Software Pvt Ltd. Amit Jian has two sons, Ayaan Jain and Aahil Jain, who are 8-year-old twins.

Amit Jain's Romance and Relationships

Amit Jain and Pihu Jain's marriage

Pihu Jain and Amit Jain are 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 in 1999-2000, his graduation year from Indian Institute of Technology (TCS). After working at TCS, he worked as a senior associate at a software company called “Trilogy” in Austin, Texas. In 2006, he returned to India after his father fell ill. At this time, Amit decided to start his own IT outsourcing company in his hometown of Jaipur. Amit and his brother Anurag Jain transformed their garage into a makeshift company and started “GirnarSoft”, starting his dream of starting an IT company. The brothers soon recruited a team of 20 for their company, according to Startup Talky.

The company was profitable early on. However, they soon lost about Rs 1 crore in stock. But that didn’t stop Amit. Amit and Anurag came up with the idea for CarDekho after attending that year’s Delhi Auto Expo. “Our goal was to leverage technology to provide users with a best-in-class experience when buying or selling a car,” Amit Jain wrote on LinkedIn. “We created a portal where people can find the right information and view cars before making a buying decision.” CarDekho became profitable after seven years of operations, according to a MoneyControl report, after which the company raised $15 million in Series A funding in 2013.

CarDekho is a search company that helps users buy vehicles that match their requirements. The website and app provide automotive content such as expert reviews, detailed specifications and prices, and pictures and videos of all car models in India. To help buyers, the company has partnered with many car manufacturers and more than 4,000 car dealers, its official website says. According to Amit Jain, the company is currently valued at $1.2 billion. Jain wants to make the car-buying process easier for users and make CarDekho one of the top five automotive portals in the world. The brothers now want their company to cater to a wider range of automotive lifestyle needs.

Amit Jain's Struggle

The unwavering support of my family has played a big role in my success. In 2006, my brother Anurag and I quit our jobs and moved back to Jaipur. We started our entrepreneurial journey from our family’s small garage, which we converted into a makeshift office and founded GirnarSoft, a software outsourcing company, with the dream of building a billion-dollar company. After working at GirnarSoft for a year, we went to the 2008 Auto Expo in New Delhi and came back with the idea for our new company, CarDekho.

Our goal is to use technology to provide users with a first-class car buying or selling experience. We created a website where people can come to get the right information and view cars before making a buying decision. As they say, the road to success is not always smooth, and we faced many obstacles while developing CarDekho.

But we persevered and after 7 years of hard work, CarDekho became profitable and raised $15 million in Series A funding in 2013, growing into a unicorn with a valuation of $1.2 billion. Looking back, I would say that what started as a simple new car portal has now grown into a complete ecosystem that provides a one-stop solution for car buyers/sellers, including new cars, used cars, finance and insurance. Our used car business is also one of the fastest growing players in the industry, trading used cars in more than 20 markets. We also founded InsuranceDekho, which is the largest B2B insurance technology company in India and one of the leading B2C insurance brokers. Our fintech joint venture Rupyy 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 to Indonesia, where we are the market leader in new and used car financing. Amit Jain wrote on LinkedIn.

Shark Tank India 2022

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Shark Tank India, the Indian version of the world’s number one business reality show, returns for its second season from Sony Entertainment Television and Sony LIV, after the first season fueled India’s business growth engine and changed the way India thinks about entrepreneurship. Shark Tank India will once again give entrepreneurs the opportunity to pitch their business ideas to a panel of seasoned investors and business experts, known as “Sharks”, to realise their entrepreneurial dreams. Amit Jain, Co-founder and CEO of CarDekho, has replaced Ashneer Grover, formerly Founder of BharatPe, as the judge.

Amit Jain is a native of Jaipur and a graduate of IIT Delhi. As the title suggests, Shark Tank India Season 1 gave viewers a new perspective on their business and introduced a host of startup terms like equity valuation, stocks, and more! This season has become a hot topic due to some innovative startups and attractive investments. The promo is directed by Abhinav Pratiman and produced by Early Man Films. It was written by Tanmay Bhat Devaiah Bopanna Puneet Chadha and Deep Joshi.

The judges for Shark Tank India Season 2 include Anupam Mittal (Founder and CEO, Shaadi.com – People Group), Aman Gupta (Co-founder and CMO, boAt), Namita Thapar (Executive Director, Emcure Pharmaceuticals), Vineeta Singh (Co-founder and CEO, SUGAR Cosmetics) and Peyush Bansal (Founder and CEO, Lenskart.com). Apart from the judges, the show line-up also includes Rahul Dua, a talented stand-up comedian, who will be hosting the show, and that’s the line-up for Shark Tank India Season 2. So buckle up and get ready to board the train of Shark Tank India Season 2, where India’s brightest minds will give birth to innovative business ideas.

Amit Jain's Net Worth and Income

He reportedly publicly owns 14 stocks worth over Rs 696 million. Amit Jain's net worth is Rs 25,000 crore. Under Amit Jain's guidance, Car Dekho Group has achieved great success. Car Dekho is India's number one automotive technology portal and Rajasthan's first unicorn. According to the latest valuation of the Series E round in October 2021, the group is valued at $1.2 billion. Its branches have spread across countries such as India, Singapore, Indonesia, the Philippines and Malaysia.

Gaadi (2014), ZigWheels (2015), PowerDrift (2018) and Carmudi Phillipines (2019) are the major acquisitions of the CarDekho Group under Amit’s leadership. Brands founded by Amit Jain include Autotech CarDekho BikeDekho OTO.com – Indonesia, a part of Autotech InsuranceDekho, a part of Insuretech Fintech Rupyy, a part of Fintech and CollegeDekho.

Amit Jain achievements

CarDekho Group's revenue run rate exceeded $100 million in September 2021, driven by strong performance across its business units, according to the company's website.

The company, which has a market capitalization of $1.2 billion, plans to expand its used car retail trading business geographically and increase its catalog to 10,000 vehicles in the near future.

The company intends to expand across India through retail centres, focusing on used car purchasing and retail transactions of certified used cars with customers.

5 interesting facts about Amit Jain

• Every citizen of a country like India dreams of owning a car to make life easier and maintain their living standards. On the other hand, buying a car is not easy as it requires a lot of research and visiting various showrooms.
• A young Indian Institute of Technology student, thinking about the customer experience while buying a car, decided to enter the business world along with his brother. The entrepreneur’s name is Amit Jain, who is the Chief Executive Officer (CEO) and Co-Founder of CarDekho.
• Amit Jain was asked if he uses his heart or his head more. He said: “Depending on the situation, I think I use both. Most of the time I am more objective. When it comes to people, I use my heart more, and when it comes to business, I use my head more.”
• The idea for CarDekho came to the brothers when they went to the Auto Expo in Delhi in 2008. In 2013, the company raised $15 million in Series A funding. According to Amit Jain, the company is currently valued at $1.2 billion.
• CarDekho co-founder and CEO Amit Jain has taken over from former BharatPe founder Ashneer Grover as a judge on Shark Tank India. The new judge Amit is expected to be as energetic as Ashner in the second season. Ashneer Grover was fired from the show earlier this year and is embroiled in a bitter legal battle over alleged fraud. He is reportedly planning to start another company.

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