Amit Jain is the Chief Executive Officer(CEO) and co-founder of CarDekho Group. He is also the CEO and co-founder of the IT service management company-GirnarSOFT which launched CarDekho in 2008.
Amit Jain an IITian will soon be seen in the second season of 'Shark Tank', he replaced a crucial shark, Ashneer Grover in the show.
Amit Jain has an estimated net worth of Rs. 2900 crores.
Amit began his entrepreneurial journey in 2006 when he along with his brother Anurag Jain left their jobs and came to Jaipur to start their business as a software outsourcing company. They began their business of GirnarSoft in 2007 and turned their small home garage into an office.
In 2008 both of the brothers came to Delhi and visited Auto Expo in New Delhi and returned back to Jaipur with a new concept for their new venture, CarDekho. With a vision to leverage technology and provide the best-in-class car buying or selling experience to the users, they set up a portal where people could come to find the right information and review cars before making the decision of buying. With a vision to target Middle-class families by providing them a platform to get their dream car at affordable prices with accurate information, CarDekho became a profitable business after 7 years.
Eventually, CarDekho secured Series-A funding of $15 Million in 2013 and grew to become a unicorn with a valuation of $ 1.2 billion.
The CarDekho group is a market leader in the New Auto Business sector, working with all major OEMs and over 3500 new car dealerships in India. Their Used Auto Business is also one of the fastest-growing players in the industry, trading used cars in 20+ markets.
The group is expanding gradually and touching many sectors like insurance, fintech, etc. with their new ventures. They have launched InsuranceDekho, Fintech venture Rupyy, BikeDekho, CollegeDekho, etc. They have also made significant acquisitions, they have acquired Gaadi.com and Zigwheels.
With all these, they have expanded into Indonesia and are a market leader in new cars and used car finance. The group is currently working to scale up its business with the CarDekho group which spans over 100 markets.
Amit Jain is based in Jaipur, Rajasthan, and received his education in Jaipur and Delhi. He did his schooling at Saint Xavier's School, Jaipur, and completed his graduation from IIT Delhi in 1999.