Who is Amit Jain? The 'Shark' Who Built A $1.2-billion Company From Jaipur

Not just Ashneer
Grover’s replacement

Amit Jain, Co-founder and CEO of CarDekho, hit headlines for replacing the controversial Ashneer Grover in season 2 of Shark Tank India

Amit Jain: The
richest 'shark'

Did you know that Amit Jain’s net worth is $360 million and at one point his company was valued at $1.2 billion? This makes him the richest 'shark' among all others

Amit Jain richer than
American 'sharks'

Amit Jain's net worth is in fact more than some of the American 'sharks' as well, including Barbara Corcoran ($100 million), Lori Greiner ($150 million), and Robert Herjavec ($250 million)

Amit Jain’s rags-to-riches

Amit Jain and his brother Anurag Jain moved back to their hometown (Jaipur) after their father’s death in 2006 from Bengaluru

Amit Jain: Humble beginnings

In the same year, Amit and Anurag Jain started a software outsourcing company in their garage called GirnarSoft

Amit Jain: The turning point

After working on the start-up for about a year, the brothers visited the Auto Expo in 2008 in Delhi. This proved to be a turning point for Amit Jain

CarDekho’s inception

Amit Jain and his brother came back from Auto Expo with an idea that led them to launch CarDekho.com, a platform that would facilitate the buying and selling of cars

Amit Jain: Bankrupt
in 2009

In one of the interviews, Amit Jain shared how he lost around Rs 1.5 crore in 2009 during the stock market crash and went bankrupt. He didn’t even have money to give salaries

CarDekho: Funding

But he chugged along and did not give up. Amit and Anurag Jain persevered and got investments from the likes of Sequoia Capital, Canyon Partners in the years to come

A unicorn from Jaipur

In 2021, CarDekho became a unicorn with a valuation of $1.2 billion

Investing in new India

Amit Jain now wants to give back to the society through Shark Tank India. In an interview with Business Today, he shared that he is “excited to see how India is changing”

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Produced by: Bhavya Kaushal
Designed by: Mohsin

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