Amit Jain holds the position of Chief Executive Officer (CEO) and the Co-founder of the IT company, GirnarSoft, which launched CarDekho back in 2008. CarDekho is a technology-driven company that helps its users to find the right vehicle of their choice with the help of a seamless website and mobile app.
Several experts put their thoughts and perspectives in the reviews section which helps users to identify and compare vehicles. Such diverse information comes to the users in the form of company details, pictures and videos, and models that are currently available in India. Soon viewers can watch Amit Jain as a shark, who is set to join Season 2 of Shark Tank in India.
Who is Amit Jain?
Amit Jain was born on 12th November 1977 in the city of Jaipur in Rajasthan, India. He currently has a net worth of approximately Rs. 2,984 crores. Amit Jain completed his education in Jaipur and was brought up in a simple middle-class family. Amit did his schooling at St. Xavier’s School in Jaipur and graduated from the Indian Institute of Technology Delhi (IIT) in 1999.
His mother is a homemaker and his father was an astrologer, who also ran a business of selling medium-priced gemstones. After Amit’s father died of cancer, he along with his brother Anurag Jain left the astrology business and came up with the concept of CarDekho.
Amit Jain and his career :
Amit Jain after graduating from IIT started his career as a software engineer at Tata Consultancy Services. After that he continued to work at Trilogy, holding the position of Senior Associate along with Delivery Manager and also Product Manager for about 6 years and 11 months.
Trilogy, a software company, is based in Austin, Texas. Amit Jain returned to India after he found out of his father’s cancer. It was during this time, Amit thought of creating an IT company from his hometown and CarDekho was formed. The rest is just a history glorifying success.
Amit Jain established GirnarSoft in the year 2007, which launched CarDekho in 2008. He co-founded CarDekho with his brother and aimed to steer Google’s traffic toward the website and strategized pathways for the website to rank at top of the search engine.
The only desire Amit and Anurag had was to make an IT-based million-dollar company and we have been seeing the enormous growth and scalability of CarDekho.
Reports indicated that millions of viewers returned back to the website and checked the reviews and comparisons of the vehicles. Both Amit Jain and Anurag Jain saw that the company was gaining profits and value from the market. This led Anurag to invest more time into CarDekho’s online business model and started acquiring more talents.
Building CarDekho :
In India, buying a car is a big deal for any middle-class family. CarDekho ensured that there are proper guidelines for the users and that put the company on the top in terms of value and trust of the users.
Shark Tank 2 just released its trailer and we see Amit Jain as the new shark. It is considered that he is replacing Ashneer Grover. Being able to take part in the show, Amit expresses utmost excitement and says on LinkedIn, “Looking forward to mentor budding entrepreneurs on the show to build a new India.”.
Amit Jain and his brother started with a small garage and had an objective to build an IT outsourcing company. With growing revenue, they hired about 20 talents and eventually shifted to an office after a positive first year of revenue.
But things got into a bit of a tight spot when they lost about Rs. 1 crore in the stock market without having an emergency fund. Amit realized the essential knowledge to handle corporate finances and gradually got the company’s affairs back on track.
Amit Jain and Anurag Jain created carDekho in about two weeks and got inspired a lot by attending the Auto Expo in the city of Delhi. CarDekho’s business model gave clarity to the brothers regarding the profits and soon Amit and Anurag took the project with utmost dedication. There are very few people who consider starting an online venture from their hometown. But Amit Jain not only created CarDekho but also took it to great heights.
CarDekho did not have a huge marketing campaign, but still it gained a lot of popularity and success. Currently, CarDekho is the first choice of people for its automotive solutions. Figures suggest that the company has more than 35 million monthly users, more than 6,000 pre-owned cars sold in a month, and more than 3,000 new cars sold in a month.
CarDekho received huge funding from Sequoia Capital in 2013 and this attracted several other companies to provide advertisements for CarDekho’s online reach. In 2014, CarDekho acquired Gaddi.com and in 2015, the company acquired ZigWheels. Huge efforts and countless actions for improvement raised CarDekho’s parent company, GirnarSoft to further growth.
In 2021, CarDekho became a unicorn company with a total valuation of about $ 1.2 billion. This was achieved after a Series E funding that raised about $ 250 million. CarDekho completed about 11 years of grit, hustle, and victory.
Key Takeaways :
In 2019, the company redesigned its logo and portrayed the automated system of the app. The feature has a comparison between an old car and a new car in the market and this data will show full transparency to the users for making any buying decision.
GirnarSoft is a company that provides IT solutions and support. The company was co-founded by Amit Jain and Anurag Jain in 2007. With headquarters in Jaipur, India, GirnarSoft is the mother company of Carekho, PriceDekho and BikeDekho. GirnarSoft provides a range of services like product development, mobile app development, and many more.
Business Outreach Magazine truly thinks that faith and confidence will always take you a long way. The challenging times when Amit saw his father passing away and still encouraged his energy to think towards the positive hopes of life, instilled the passion to create such a successful company like CarDekho. We will continue to appreciate such eminent individuals like Amit Jain.