Cardekho Owner Amit Jain started his journey from a non-IT city like Jaipur, dreaming of making a multi-million dollar company. Today, It is a billion-dollar company. His 14-year entrepreneurship career led the company to become one of the unicorn startups in India. He was also a judge on Shark Tank India Season 3.
Amit Jain’s Family
Amit grew up in Jaipur and was born in 1977. His father Late Mr. Prashant Jain was an ex-RBI officer and Gemstone businessman who ran a business and was a respected astrologer (Jyotish). His mother’s name was Nilima Jain she was a housewife, Aman Jain wife’s name was miss. Pihu jain and father of two sons named Ayaan Jain and Aahil Jain bot are 8 years Twins and he also had a brother named Anurag Jain who was the Co-Founder and COO of Cardekho group.
Despite their father’s influence, both brothers had no interest in astrology, They left the family business after their father’s passing to forge their own path.
Shark Tank India Judge Amit Jain’s business
In 2007, Amit and his brother Anurag Jain started an IT outsourcing company named Girnar Soft Pvt. Ltd. in Jaipur. Anurag, like Amit, was also a graduate of St. Xavier’s School in Jaipur and IIT Delhi.
They started from their garage with a team of 20 people, quickly becoming profitable and moving to an office space. However, in 2009, they faced a significant setback, losing one crore in stocks. Despite having no money to pay their employees, the brothers’ courage did not cold feet.
Amit understood the importance of trust in the used car market. The company operates in the used car segment, emphasizing customer trust. This trust became the foundation of the company, leading to various business verticals like car sales, insurance, advertising, digital marketing, and software development.
Bollywood star Akshay Kumar became the brand ambassador of CarDekho. However, before heavy advertising, The company focused on content marketing. Their YouTube channel, with 820,000 subscribers, posts content related to car features, reviews, price comparisons, and updates. This strategy reduced customer acquisition costs and built long-term engagement organically.
Amit Jain Company
Amit Jain CEO and Co-founder of Cardekho decided to start a new venture, which was a developed thought earlier. After visiting Delhi’s Auto Expo, he launched the company with a team of fifty people in just two weeks. This was the era of Internet business, and the startup ecosystem in India was slowly taking shape. Mr Amit Jain knew he needed to make a mark in the competitive automobile market, so he employed several strategies.
The company was started in 2008, a time when funding was not easily accessible. From 2008 to 2013, It adopted a sustainable business model. The company raised its first funding in 2013 from India’s top VC firm Sequoia Capital.
With sustainable growth, Amit reinvested profits back into the business, relying on innovation to acquire customers. Digital solutions like online booking, cloud services, and live chat were continuously developed, leading to profitability after seven years. Some most popular searches online for second hand car are Cardekho gurgaon and jaipur it self.
Following a strategy similar to Peyush Bansal’s Lenskart, Amit started several companies with similar domain names. He launched BikeDekho in 2009, PriceDekho in 2012, CollegeDekho in 2015, and InsuranceDekho in 2016.
This expansion strategy helped The company to become Jaipur’s first unicorn startup in 2021.
Amit Jain Judge of shark Tank Education
- Schooling: He completed his schooling at St. Xavier’s School in Jaipur.
- Undergraduate Education: He graduated from the Indian Institute of Technology (IIT) Delhi in 1999.
CarDekho Group
- Position: CEO & Co-Founder
- Company: CarDekho
- Duration: Apr 2008 – Present (16 yrs 4 mos)
- Location: Jaipur Area, India
- Company: Trilogy
Duration: 6 yrs 11 mos - Roles:Product Manager
Duration: Nov 2005 – May 2007 (1 yr 7 mos)
Description:
Managed the evolution of www.Your BillBuddy.com in India. Responsible for features, marketing launch, business model evolution, and selling the service to prospective telecom providers. - Delivery Manager
Duration: Jan 2004 – Oct 2005 (1 yr 10 mos) - Senior Associate
Duration: Jul 2000 – Dec 2003 (3 yrs 6 mos)
- Position: Software Engineer
- Company: Tata Consultancy Services
- Duration: 1999 – 2000 (1 yr)
Amit Jain Shark Tank linkedin profile link,
You can visit the company website for services like or you can click the link below,
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Amit Jain Judge of Shark Tank Season 3 interview on Josh Talks full video watch online
Conclusion
Amit Jain’s journey from a small city in India to becoming a prominent entrepreneur is inspiring. His story is a testament to the power of resilience, innovation, and strategic thinking. As he steps into the role of a Shark on Shark Tank India Season 2, his insights and experiences will undoubtedly be valuable to aspiring entrepreneurs. Amit Jain’s success with the compANY showcases the potential of Indian startups and the importance of customer trust, innovative marketing, and sustainable growth.
Frequently Asked Questions
Which companies are owned by Amit Jain?
Amit Jain’s company name was CarDekho Group, founded in 2008, and is a leading autotech and finance solution provider. The group operates companies in,
- automobile content portals
- Shared mobility
- Insurance
- Finance
How is amit jain in Shark Tank?
Amit Jain was the replacement for sheer Grover.
Is Amit Jain from IIT?
Yes, Amit is from IIT Delhi.
Is CarDekho a profitable company?
The company is non-profitable. High expenses, resulting in the loss of Rs 560 crore approximately for the year ended March 31, 2023.
What is Amit Jain first startup?
Girnar Soft Pvt. Ltd. was the first startup.
cardekho valuation?
The valuation of the group is around 9919 Cr. rupees in FY22-23.
Amit Jain Shark Tank net worth?
Net Worth of Amit Jain is 3017 Cr. in Rupees.
cardekho share price?
The company has an unlisted share.