Recently, the promo of Shark Tank India Season 2 was out. In the promo, Amit Jain is seen as the new shark in the tank. Ashneer Grover founder of BharatPe is replaced by Amit Jain in the new season. Ashneer grabbed huge attention during season 1 and was roped into a controversy which led him to resign from his own startup.
Fans are stunned and disappointed to not see Ashneer Grover in the upcoming season. But are excited to see the new shark in the new season as well.
Amit Jain who is the founder of CarDekho will be seen as a judge in the upcoming Shark Tank India season. Amit Jain has an inspirational entrepreneur journey. He is the founder and CEO of CarDekho. The valuation of his startup in October 2021 was $1,200M and 2019 revenue was $13M.
Here are the top 10 facts about Amit Jain you shouldn’t miss:
#1. He is from Jaipur, Rajasthan:
Amit Jain was born on 12th November 1977 in Jaipur, Rajasthan. His father had a business of gemstones and was an astrologer. His mother was a house maker. He completed his schooling at St. Xavier’s School, Jaipur.
He completed his BTech from IIT Delhi one of the most prestigious institutes in India from 1995-1999.
#2. Worked at TCS:
After his completion of BTech, Amit worked as a Software Developer at Tata Consultancy Services for about one year. After that, he worked for 7 years in Trilogy as a Senior Associate, Delivery Manager, and Product Manager.
#3. Left the job for the family:
In 2006, Amit’s father was ill due to cancer so both brothers left their job and returned to their hometown. After his dad passed away, Amit and Anurag decided to take over their gemstone business. But, the declining demand of the consumers led them to sell the business.
#4. Founded the first Startup in a small garage:
Amit and Anurag wanted to build something that drives traffic to the website. So, in June 2007, he along with his brother founded GirnarSoft. It is an online web-serving platform.
They started their venture in a small garage. Within a year they were able to buy an office and the venture was profitable.
#5. Founded CarDekho:
The idea to form CarDekho was struck when Amit and Anurag visited Auto Expo in New Delhi. They developed an online platform to display reviews and features of cars to interested buyers.
It has now become the one-stop solution for auto buyers/sellers covering new cars, used cars, finance, and insurance.
#6. Lost around 1 Crore in the stock market:
In 2009, both brothers lost their hard-earned money in the stock market. It was a huge financial loss for them at that point. Their funds were dried up and it was hard to pay employees’ salaries and other expenses.
#7. CarDekho became profitable after seven years:
CarDekho became profitable after being bootstrapped for long seven years and eventually secured Series-A funding of $15 Million in 2013.
#8. CarDekho became a unicorn:
CarDekho became a unicorn after raising recent funding. Its valuation is $1.2 billion and is the most visited platform for auto reviews and much more.
CarDekho has acquired Gaddi.com for $11M and Zigwheels.com.
It is the first unicorn startup from Rajasthan, India.
#9. Other ventures of Amit Jain:
Amit Jain has always been a curious founder and investor. His other ventures are MobileDekho, ShopDekho, PriceDekho, BikeDekho, and CollegeDekho.
Shark Tank India Promo:
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