Amit Jain Shark Tank: DOB, Age, Business, Net Worth & Biography
|Born||12 November 1976|
|Net Worth||Rs.2900 crores|
|Business||CarDekho, BikeDekho, InsurenceDekho, CollegeDekho|
Buying old vehicles is pretty common in India. Newer ones are expensive. If you go for the old ones, you can bring your dream car to your affordability comfort zone. Amit Jain capitalized on this idea of reselling or buying used vehicles. Hence CarDekho was born.
Such a simple story, really. But an entrepreneur’s journey always has some level of hardship and difficulty. This article records the life and achievements of Amit Jain, the founder of CarDekho and multiple other businesses.
If you have been following Shark Tank on Sony TV, then you must also know a little bit about Amit Jain from the show. So, if you are curious about this budding entrepreneur, give this article a read. Trust me; it will be worth it.
Who Is Amit Jain?
Amit Jain is the founder of the car reselling and buying platform named CarDekho. Amit is also the current CEO of the company, and he has also established and run other business sites as well. Amit rose to fame when his online marketplace CarDekho became one of the most successful platforms for wrestling used cars.
Amit is also one of the Shark Tank Judges from the TV show on Sony TV. He functions as one of the judges alongside Namita Thapar, Peyush Bansal, and Aman Gupta.
CarDekho is one of the leading platforms in India, allowing users to access all necessary information about cars they want to buy.
The Website Includes The Following:
- An analysis of the vehicles.
- Details of specifications.
- Pricing details alongside side-by-side comparisons with other vehicles.
This success led to the creation of other businesses and more success for Amit Jain. He went on to expand by launching CollegeDekho, InsuranceDekho, and BikeDekho. Amit had also largely contributed as the leading member of the CarDekho company.
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Early Life & Education
Amit Jain was born in the Pink City of India, Jaipur of Rajasthan, on November 12, 1976. He belongs to a Jain family and shared his childhood with a younger brother named Anurag. Amit’s father was the sole breadwinner of the family.
He spent most of his early life in the city of his hometown, Jaipur. Amit has done his high school education at St Xavier’s Senior Secondary School in his hometown. After his secondary education, Amit took up sciences and later passed Engineering Entrance Exam after that.
Then he got accepted the IIT Delhi. After passing his graduating from IIT Delhi, Amit went on to pursue his first job at a software development firm called Trilogy in 2000.
At that time, he was responsible for developing a website addressed at www.yourbillbuddy.com. Amit Jain worked at Trilogy till 2007.
But Amit and his younger brother Anurag had to leave their job because of their father’s fatal disease, which was getting worse. In 2006 when their father died, Amit and Anurag came back home to handle their family business of selling gemstones.
But, two of them did not have any interest in the family business. So, they planned to start a software company instead. This company was named GirnarSoft. The company soon grew enough to start CarDekho in 2008.
Amit Jain CarDekho
The Jain brothers developed the idea of starting CarDekho after they attended the Auto Expo held in New Delhi. So they designed a porta for delivering information to potential buyers about cars. The information was arranged in a way to help make buying decisions about the cars.
They also developed an intuitive way of connecting the buyers and sellers of old cars through the websites they were building. But the start was never easy. While developing the website, Amit Jain and his brother faced a loss of Rs.1 Cr in the share and stock market.
This huge loss was a massive stab at the heart of the business. But, in 2015, the business finally started to pick up pace. The Jain brothers finally saw a rise in the graph of the CarDekho business. The portal soon started to return the Jain brothers with a good amount of earnings – almost more than what they had initially thought of. This success also helped them get the attention of an American investment firm named Sequoia Capital.
Later, they merged the CarDekho website with Gaadi, Zigwheels, Carmudi Philippines, and Carddrift. Once CarDekho was a success, the siblings were ready to launch other businesses like InsurenceDekho, CollegeDekho, and BikeDekho.
Three of these businesses were also able to grow and expand in their respective industries and generate revenue.
Amit Jain’s Net Worth
According to the data published by the TOI, Amit Jain has a massive net worth of Rs.2900. The co-founder of the company CarDekho Amit Jain has amassed a massive amount of wealth from his shares in that company.
CarDekho is currently measured at Rs.110. Amit also has his other businesses and their shares to contribute to his massive wealth. He also invests in many startups and buys shares which sum up to the amount he currently has as his net worth.
Amit Jain got married to Pihu Jain. Pihu used to work at Girnar Private Limited. Pihu also works as the vice president of the software company the Jain brothers initially started. Soon the couple was blessed with twin sons. The twin sons of Amit Jain are named Aayan Jain and Aahil Jain.
Amit Jain Shark Tank
Amit Jain started to appear in the Shark Tank TV series in 2022. After so many complexities with the former Shark Tank judge Ahsneer Grover, Amit Jain took over to replace him. Amit Jain has been functioning as one of the show’s judges since January 2023.
Even Ghazal Alagh will also not be joining the show any further. The Shark Tank show started to air on January 2, 2023, and Amit has made his way to this show as one of the current judges.
Similar to other judges like Anupam Mittal, Amit Jain has also created something new and created an industry around it. Their caliber to solve problems in the market shows their excellence as entrepreneurs. Like all the other judges on the Shark Tank Show of Sony TV, Amit Jain has also gained some amount of fame on the show. He is currently a face of public attraction.
These Shark Tank Judges are an inspiration to the current youth who are dreaming of starting their own business. Did you find this article helpful? Please put down your thoughts in the comment section. Thank you.