From Failing 11th Grade to CarDekho Founder: Amit Jain Shark Tank Biography-Lifestyle!
Amit Jain, the founder and CEO of CarDekho group, has created a platform that assists users in finding and purchasing cars that suit their needs. Amit Jain was the shining star at Shark Tank Season 2, where he invested in many startups. Despite being an average student in school and failing in the 11th class, he later built a billion-dollar company. Today, in this article, we will tell you about Amit Jain’s life journey, his education qualifications, struggles, company net worth, biography, and more.
Also, read this- Shark Tank Radhika Gupta Once Attempted Suicide: Know Her Success Story & Biography!
Car Dekho Founder/ CEO Amit Jain’s Early Life-
- Amit Jain, the founder and CEO of CarDekho Group, was born in 1976 in Pink City, Jaipur, Rajasthan, India.
- He was born into a middle-class joint family.
- His father had a job in the Reserve Bank of India. his father used to go to the office on a bicycle.
- In Amit’s family, there were his father, mother, and a younger brother.
- Amit Jain shares a strong connection with his family.
- He completed his early education in Pink City, Jaipur, Rajasthan.
Amit Jain Education Qualification-
Amit Jain failed in the 11th class
- Amit Jain began his early education at Saint Xavier’s School, Jaipur.
- He then pursued his higher education at IIT Delhi.
- During his school years, he was an average student.
- In Class 11, his father’s job relocation to Mumbai left him as a free student.
- Consequently, he started skipping school after the third period and ultimately failed in Class 11.
- Despite this setback, he passed with grace and proceeded to complete his 12th class.
- Like many others, he attempted the IIT JEE exam but did not succeed initially.
- He then enrolled at the University of Maharaja College, Jaipur, for further studies.
- However, influenced by his father, he embarked on a journey of hard work.
- After a year of dedicated efforts, in 1995, he cracked the IIT exam and joined IIT Delhi for his higher education.
- This period marked a significant understanding of the value of hard work in Amit Jain’s life, which became his main strength.
Amit Jain CarDekho Wife- What Is His Love Story?
- Amit Jain enjoys a content and harmonious personal life.
- He is married to Pihu Jain, who is also involved in Girnar Software Pvt Ltd.
- The couple is blessed with twin sons, adding further joy and fulfilment to their lives.
Amit Jain’s Career Struggle-
Amit used to work as a Guard:-
- Amit Jain cleared his interview with TCS during his time at IIT Delhi, becoming the first company to visit the campus.
- He excelled in coding during his tenure at IIT, which aided him in learning Java after joining TCS.
- After completing a three-month training program at TCS, he was posted in Mumbai at Borivali.
- To further enhance his Java skills, Amit joined a Java extension centre, despite the inconvenience of distance from his home.
- Amit’s dedication to learning was evident as he opted to live at the centre with a guard, utilizing every available moment to study and dedicating 16 to 18 hours a day to coding.
- Despite starting with a humble salary of 10,000 rupees, his hard work and dedication led to significant knowledge growth within a year.
- In 2000, Amit Jain interviewed with Trilogy, securing a job in the US with a salary ranging from 2 to 3 lakhs.
- At Trilogy, employees were encouraged to balance work and enjoyment, with the first 3 months dedicated to coding and pursuing startup ideas, which the company would sponsor if deemed promising.
- Amit learned valuable lessons in work-life balance during his time at Trilogy, where a culture of both hard work and celebration was fostered.
Worst Moment of Amit Jain’s life-
- In 2005, Amit faced a life-altering moment when he received news that his father was diagnosed with terminal cancer.
- Upon hearing the devastating news, Amit decided to leave the US and return to Jaipur, India, to be with his father during his final days.
- He dedicated his full attention and time to caring for his father, spending the last six months of his father’s life by his side.
- Tragically, in 2006, his father passed away, marking the end of a difficult chapter in Amit’s life.
Amit Jain never stopped, even in the face of many challenges-
- After Amit’s father’s death, he and his brother Anurag ventured into their father’s gemstone business, which they pursued for 6-9 months.
- Their initial attempts involved purchasing gems from India and attempting to sell them in the US, but they encountered significant challenges, including rejection from potential customers.
- Despite facing rejection and ego-crushing moments, Amit and Anurag learned valuable lessons in patience and resilience, essential qualities for sustaining a business.
- Realizing that the gemstone business did not provide them with satisfaction, they decided to pivot and establish a software company named Girnar Soft in 2007.
- Their breakthrough came when they secured their first project, worth ₹50,000, through a connection, marking a significant milestone in Amit’s life and career.
Car Dekho Success Story- How Was Car Dekho Started?
In 2008 Amit got the idea of cars online information-
- In 2008, Amit and Anurag developed an interest in cars and began searching online for information, but they encountered difficulties in finding comprehensive resources.
- Recognizing the gap between consumers and information about cars, they launched their first website called eCarsInfo.com, which initially struggled to gain recognition.
- Later, they rebranded the website as CarDekho, a platform aimed at providing extensive information about cars.
- Leveraging Amit’s skills in driving website traffic and his expertise in SEO, they started incorporating Google ads on their website, leading to monthly earnings of ₹50 lakhs.
- Despite gaining popularity since 2010, CarDekho was not initially their ultimate vision, as they also explored other startup ventures like gemstones and astrology, which did not succeed.
- Over time, CarDekho emerged as the most popular platform in the automotive sector, propelling Amit to the position of CEO and founder of the CarDekho Group.
- Eventually, CarDekho grew into one of the largest companies in the industry, marking a significant achievement for Amit and Anurag.
What Is Car Dekho’s Business Model-
- CarDekho.com is a prominent car search venture in India.
- It assists users in finding and purchasing cars that suit their needs.
- The platform provides extensive automotive content, including expert reviews, detailed specifications and prices, comparisons, as well as videos and pictures of all car brands and models available in India.
- The company has established partnerships with over 4000 car dealers, several auto manufacturers, and numerous financial institutions to streamline the vehicle purchasing process for consumers.
Amit Jain As A Shark, In Shark Tank India-
- Amit Jain, Founder and CEO of CarDekho, participated in Season 2 of the Shark Tank.
- His focus was on fostering opportunities for budding entrepreneurs from small towns.
- During the season, he actively invested in ventures across various sectors.
- Through his involvement, Jain shared compelling stories highlighting determination, creativity, and triumph.
Amit Jain CarDekho Net Worth in 2024-
- According to some reports, Amit Jain’s total net worth is estimated to be around 2980 crore.
- During his participation in Shark Tank Season 2, Jain charged approximately 7 lakhs per show.
- According to Money Control, the total valuation of Amit Jain’s company, CarDekho, is approximately 1.2 billion, which translates to approximately 9769 crores.