Amit Jain is one of the known Indian entrepreneurs known across the world. He has been talked about a lot after his appearance on Shark Tank. He is the CEO and co-founder of CarDekho. This is one of the revered online platforms in India for selling and buying new and used cars. In India, Amit Jain is known for his popular speeches and positive appearance. He is one of the latest sharks who has become a popular figure in the reality show – Shark Tank India 2. Amit Jain has already invested in some promising start-ups and started working as a mentor for budding entrepreneurs.
In this blog, we will take a look into Amit Jain’s net worth, his journey, early life and education, achievements, and a lot more.
Education and early life
Amit Jain was born in India and belongs to a family. He was born on 12 November 1976 in Jaipur, Rajasthan, with a humble beginning. His father, Prashant Jain, was a gemstone businessman and an RBI officer who passed away back in 2006. Neelima Jain – his mother was a homemaker. Anurag Jain is his younger brother who is also the co-founder and COO of Car Dekho. When he was growing up, he started showing his interest in technology, and business, as he mostly used to spend time exploring gadgets and entrepreneurial ideas.
Even when there were financial constraints because of the demise of his father, his parents always prioritized education, which was a transformative power in his life. He attended a local school to complete his academic brilliance and also earned a scholarship. This was when he was able to pursue higher education. Later, he graduated in business administration with honors from a prestigious institution. He completed his schooling at Saint Xavier’s senior secondary school in Jaipur, and later, he completed his bachelor’s degree from the Indian Institute of Technology, Delhi.
Age and early career
Amit Jain started his entrepreneurial journey back in the early 2000s when he stepped into the world of start-ups. He was someone armed with ambition and passion with the quest to get over conventional norms and redefine the standards of industries. His unwavering determination and risk-taking attitude were something that set him apart in the business landscape. Even when there were setbacks and challenges, Amit Jain was able to stay steadfast in his endeavor.
After completing the graduation from IIT Delhi, Amit Jain in Shark Tank started a career in TCS as a software engineer in 1999. He worked in TCS for a year before he joined Trilogy, which is a software development company. He worked for a long seven years at Trilogy, where he was given different roles like senior associate, product manager and delivery manager. He also worked on other websites or businesses.
In 2006, Amit Jain and his brother decided to start their own software company for the home garage in Jaipur. This Car Dekho founder wanted to start a platform that could drive traffic from Google and help them rank on top. They also had a dream of building an IT firm and a $1 million company.
In 2008, Amit Jain attended the Auto Expo in New Delhi, where he was able to come up with the idea. This CarDekho founder was eventually able to launch the carDekho platform. It is a portal for users that offers reliable reviews and information on used and new cars. They also wanted to help buyers compare cars before they buy them, along with several other services like accessories, insurance, car loans, and roadside assistance.
Very soon, carDekho became a successful model that attracted millions of users. It started generating reviews from lead generation, transactions and advertising. The company started expanding its portfolio by launching several other ventures like Bike Dekho, College Dekho and Insurance Dekho. This platform was able to acquire other different platforms like Power Drift, Zig Wheels, Carmudi Philippines, and Gaadi.
Under the leadership of Amit Jain, the platform became one of the biggest car-buying platforms online in India and has a presence in the UAE and Southeast Asia. The company could raise more than $400 million from investors like HDFC bank, Google Capital, Hillhouse Capital, Tybourne Capital, Times Internet and Ratan Tata. The value of car dekho is currently estimated to be more than $1.2 billion, which makes it a unicorn start-up.
Amit Jain and Shark Tank
As we all know, shark tank is one of the most popular platforms for budding entrepreneurs to pitch their ideas and get investors or sharks for their company. Amit Jain became a part of the panel in 2022, where he decided to invest in some amazing business ideas as a shark or investor. Amit Jain is one of the seven sharks who appeared on the show, including Vineeta Singh, Ghazal Alagh, Namita Thapad, Anupam Mittal, Piyush Bansal, and Aman Jain. He has already invested in several start-ups, and he continues to be a part of the journey.
Personal life and net worth of Amit Jain
Amit Jain’s age can be estimated to be 48 years old, as he was born in 1976. He is a married person with twins. He is married to Pihu Jain, who works at Girnar Software Private Limited. They have twin sons, Aahil Jain and Aayan Jain. Mr Jain lives happily in Jaipur with his family.
Amit Jain’s net worth in rupees can be estimated to be somewhere around ₹2900 crores. He is among the richest entrepreneurs in India and is also an influential figure when it comes to the ecosystem of Indian start-ups.
Bottom line
Amit Jain is an influential and inspiring example for all the budding entrepreneurs who would like to have big ambitions in a small town. He set a mark as a small-town guy who dreamt big and was able to achieve it. He’s not only a successful businessperson, but he has created a positive impact among budding entrepreneurs across India. His personality and presence can impact and empower millions of other people. Additionally, this card dekho founder has created a great platform for millions of car sellers and buyers and supported budding entrepreneurs to a great level.
