You’ve probably heard of CarDekho, one of India’s leading auto portals. But do you know the inspiring story behind its founder, Amit Jain? This young entrepreneur took a massive risk that paid off in billions. From humble beginnings, Jain relentlessly pursued his vision to empower Indian car buyers. Now he’s one of the country’s richest self-made businessmen. But his journey wasn’t easy. Jain battled countless obstacles over two decades before CarDekho became a household name. In this article, we explore Amit Jain’s net worth in 2024 and how this small-town boy built an automotive empire from the ground up. You’ll learn the secrets behind his success and why his Amit Jain net worth keeps climbing higher.
| Name | Amit Jain |
| Fathers Name | Prashant Jain |
| Mothers Name | Neelima Jain |
| Brother Name | Anurag Jain |
| Date of Birth | 12th November 1976 |
| Birth Place | Jaipur, Rajasthan |
| Age | 46 years |
| Nationality | Indian |
| Religion | Hindu |
| Profession | Businessman |
| Position | CEO & Co-Founder |
| Company Name | CarDekho & InsuranceDekho |
| Headquarter | Jaipur |
| Zodiac Sign | Virgo |
| Currently Seen in | Judging Shark Tank Indian season 2 |
| Marital Status | Married |
Introducing Amit Jain – The Founder of CarDekho
Amit Jain is the brains behind CarDekho, one of India’s largest automotive portals. His passion for cars and technology led him to start the company in 2007 along with his brother Anurag Jain. Little did they know it would become a unicorn, valued at over $1.2 billion today.
As CEO, Amit has grown CarDekho into a platform that helps more than 100 million Indian car buyers research and buy new and used vehicles each month. His garage has a beautiful collection of luxury vehicles, showing his love for automobiles.
Amit’s vision and leadership have won him many accolades, including Entrepreneur of the Year at the Economic Times Awards in 2016. He is also a judge on Shark Tank India, where he has invested in many promising startups.
On the show, Amit invested almost Rs. 10 crores across various companies, with his largest deal being Rs. 2 crore for a 15% equity stake in SUGAR Cosmetics. Off the show, he has invested in other ventures like Rubans, KarmaLife and Zigwheels.
Amit believes in investing in solutions that make a difference. As he said, “I like to invest in companies that are solving real customer pain points through technology and innovation.”
With a current net worth of Rs. 3,017 crores, Amit has come a long way from his days as a software engineer. His story proves that with determination and vision, entrepreneurs can build wildly successful companies in India. Amit continues innovating to make CarDekho the go-to platform for everything automotive.
Amit Jain’s Educational Background
Amit Jain’s journey to success began with his strong educational background. Born in Jaipur, Rajasthan, Amit completed his schooling at the prestigious St. Xavier’s School. He then went on to study at one of India’s top engineering colleges, the Indian Institute of Technology Delhi, graduating with a Bachelor’s degree in Technology in 1999.
- At IIT Delhi, Amit studied Bioengineering, gaining valuable technical and analytical skills that would serve him well as an entrepreneur. His time at IITD also allowed him to build connections with other ambitious students, some of whom he would later collaborate with.
After graduating from IIT Delhi, Amit started his career as a software engineer. He worked at Trilogy, an Austin, Texas-based software company, as well as at Infosys, a leading Indian IT company. At Infosys, Amit played an important role developing an innovative online banking platform for ABN Amro Bank.
- His experience working as an engineer at two major tech companies gave Amit invaluable insights into software, systems and project management. It also showed him the potential for technology to disrupt existing industries.
Sadly, Amit’s father passed away in 2006. But Amit took up the mantle of responsibility and, along with his brother Anurag, founded GirnarSoft, an ISO-certified software outsourcing company, in 2007. The success of GirnarSoft led the brothers to start one of India’s biggest online car marketplaces, CarDekho.com, in 2008.
- Amit’s strong educational background, technical skills, and experience working at innovative companies were instrumental in co-founding GirnarSoft and launching CarDekho. His vision and perseverance have been central to the success of CarDekho, which has gone on to become a leader in India’s online automotive space.
The Early Years – Starting CarDekho in 2008
Back in 2008, you and your brother Anurag had a vision for helping Indians buy and sell used cars more easily. Little did you know at the time that CarDekho would become such a huge success and contribute significantly to your impressive net worth today!
In the early days, you bootstrapped CarDekho from your own savings for 3-5 years to maintain control and avoid dilution. This allowed you to focus on building the best product and user experience possible without pressure from investors.
CarDekho started as a used car classified platform but quickly expanded into new cars as well. You made it easy for people to compare prices, find reviews and connect with dealers. Before long, CarDekho became the go-to resource for anyone in the market for a new or used vehicle in India.
Your hard work and perseverance paid off in 2013 when Sequoia Capital recognised the potential and invested $15 million in your startup. This injection of funds allowed you to accelerate growth, expand into new markets and form partnerships with major auto brands and dealers across India.
By 2015, CarDekho had raised over $50 million from top investors and was valued at $1.2 billion. The site now helps over 10 million people buy or sell a car each month. You’ve built an online empire and established yourself as a leader in India’s startup ecosystem.
It’s truly inspiring how you turned your passion for cars and technology into such a successful business. Your vision, determination and innovation have not only earned you an impressive net worth but also the respect of entrepreneurs and investors worldwide. The way you’ve grown CarDekho into a global brand is a model for startups in India and beyond. Also Read: Ashneer Grover Net Worth.
Growth of CarDekho Over the Years
CarDekho has come a long way since its inception in 2008. From a small startup to a unicorn, the growth of CarDekho over the years has been phenomenal.
The fiscal year 2022 has been a landmark year for the company in terms of growth. CarDekho Group’s consolidated operating revenue grew by an impressive 81% in FY22.
CarDekho’s FY23 revenue increased by 46% compared to the previous year, reaching Rs 2,331 crore. The company sold over 60,000 cars through its platform in the last financial year, showcasing its rising sales figures.
Amit Jain’s net worth and success have grown in tandem with CarDekho’s success. His contributions to the Indian startup ecosystem also earned him esteemed accolades, such as the Entrepreneur of the Year award at the Economic Times Awards for Corporate Excellence in 2016.
You’re probably wondering how CarDekho achieved such an impressive growth rate. Amit Jain invested heavily in digital marketing and technology to drive traffic and engagement. Partnerships with major OEMs (original equipment manufacturers) and over 3,500 new car dealers allowed CarDekho to dominate 20+ markets in India.
CarDekho’s growth was also fuelled by strategic acquisitions like Zigwheels, Carmudi Philippines, Cardrift and Gaadi.com which helped them expand into over 100 international markets.
Amit Jain has always believed in investing in his own ventures. Apart from CarDekho, he has invested in other companies like SUGAR Cosmetics, Rubans, KarmaLife, and more. His garage has a beautiful Blue Mercedes-Benz E-Class Cabriolet (worth Rs. 15 Lakhs ), a Honda City (worth Rs. 89 Lakhs), and many other luxury vehicles.
Through strategic investments, acquisitions and a focus on technology and digital marketing, CarDekho and Amit Jain have achieved phenomenal success and growth over the years. Amit Jain’s net worth of Rs. 3017 crores is a testament to the fruits of his labour, passion and vision. The future certainly looks bright for this automotive unicorn.
Amit Jain’s Other Ventures and Investments
Your thirst for success is never quenched once you get a taste of it. The same goes for Amit Jain. While CarDekho continues to be his flagship company and primary source of wealth, he has expanded into other ventures and investments over the years.
- Rupyy – In 2010, Amit co-founded Rupyy, an online portal for gold and jewellery. It aims to make buying gold simpler and more transparent for Indian customers.
- BikeDekho – Launched in 2014, BikeDekho is India’s leading bike portal. It provides reviews, news, prices and more for over 300 bikes across different segments. Like CarDekho, it has become a trusted resource for bike enthusiasts and buyers.
- CollegeDekho – Amit invested in and helped launch CollegeDekho in 2015 to help students explore and apply to colleges in India. It offers details on courses, admissions, fees, rankings and student reviews for over 35,000 colleges.
- 17 Investments and counting – True to the entrepreneurial spirit, Amit has made 17 angel investments in startups across India since 2016. His focus areas are health-tech, fin-tech, data and analytics. His investments allow other founders to realise their dreams, just as he did.
Amit’s success with CarDekho has afforded him the opportunity to expand into new ventures and support other entrepreneurs. However, his humility, vision and work ethic remain unchanged. Each new company aims to solve real problems for customers with the help of technology and innovation. His journey proves that ambition and a desire to help others can lead to greater success. With more ventures on the horizon, Amit Jain’s net worth and impact on India’s startups will only continue to grow. Also Read: Aman Gupta Net Worth.
CarDekho’s Funding Rounds and Valuation
CarDekho has raised a total of $570 million through 14 rounds of funding from 27 investors since its inception. The company completed its Series E funding round in October 2021, raising $50 million and reaching a valuation of $1.2 billion.
The latest funding round demonstrates investors’ confidence in CarDekho and its potential for growth. As India’s leading automotive portal, CarDekho is well poised to gain from the acceleration in online car buying. Its data and tech capabilities provide a competitive advantage, enabling it to strengthen partnerships with OEMs, dealers, and financiers.
CarDekho’s funding journey began in 2008 with an angel investment of $200,000. The company raised its Series A round of $15 million from Hillhouse Capital and Tybourne Capital Management in 2013. Sequoia Capital and Google Capital came on board as investors in 2015, participating in a $50 million Series B round.
In 2018, CarDekho raised $110 million in a Series C round led by Ping An Capital and joined by existing investors Hillhouse Capital, Sequoia India and Tybourne Capital. The company utilised the funds to scale its used car business, strengthen data and tech capabilities, and expand to Southeast Asia.
The Series D in 2019 saw CarDekho raise $70 million from investors including Sunley House Capital, Steadview Capital, and existing backers Sequoia India, Hillhouse Capital and Tybourne Capital. CarDekho earmarked the capital for growth in the used car segment, customer financing solutions and building product and tech capabilities.
With a decade of experience, data from over 20 million users, and backing from top investors, CarDekho is poised to revolutionise the way Indians buy and sell cars. The company’s success is a testament to founder Amit Jain’s vision, passion and perseverance. His journey proves that with determination and the right idea, an entrepreneur can build an empire from scratch. Also Read: Anupam Mittal Net Worth.
Estimating Amit Jain Net Worth in 2024
Where do you think Amit Jain’s net worth will be in 2024? If his success and investments continue at the current pace, his net worth could easily surpass Rs. 8,000 crore in the next couple of years.
Amit Jain has had an incredible run since he became a shark on Shark Tank India Season 2. He invested over Rs. 9 crore across 11 episodes, with investments in startups ranging from Rs. 30 lakh to Rs. 2.5 crore. These startups are poised for huge growth over the next few years. If just a few of them achieve an exit or IPO, it could significantly boost Amit’s net worth.
His company CarDekho also continues to grow at an impressive rate. Valued at $1.2 billion currently, if it achieves a 25-30% increase in valuation over the next 2-3 years, Amit’s stake could be worth over Rs. 5,000 crore. CarDekho is the leader in India’s online automotive space, and with increasing internet and smartphone penetration in India, the potential for growth is enormous.
Amit Jain lives a lavish lifestyle with luxury cars like a Mercedes-Benz and sprawling properties. However, he is known to reinvest much of his income back into his businesses to fuel further growth. If he maintains this approach, his net worth in 2024 could be double or even triple what it is today.
While there are many uncertainties with startups and economic growth, if things continue on their current trajectory, Amit Jain’s net worth in 2024 could reach Rs. 8,000-10,000 crore or around $1.2-1.5 billion USD. The cars in his garage and zeros in his bank balance are set to multiply rapidly in the coming years! His inspiring story proves that with hard work, perseverance and vision, Indian entrepreneurs can build hugely valuable global businesses.
The Success Story and Vision Behind CarDekho
CarDekho was born out of Amit Jain’s passion for cars and his vision to make the car buying experience in India simpler. Along with his brother Anurag, Amit founded CarDekho in 2008 with the goal of providing a one-stop solution for everything related to cars.
As an automobile enthusiast yourself, you know how confusing and time-consuming it can be to research different models, compare specs and prices, find a reputable dealer, and ultimately make a purchase. Amit wanted to change that. He dreamed of an online platform where people could easily explore options, connect with dealers, read reviews from real owners, and feel empowered to make the best choice for their needs.
Through years of hard work and determination, Amit and Anurag turned that vision into reality. They built key partnerships, attracted funding from major investors, and grew CarDekho into India’s leading auto portal. ###Today, CarDekho is valued at over Rs 9,769 crore and has a presence in more than 100 markets worldwide.###
Amit’s own car collection reflects his passion for luxury and performance vehicles. His garage includes a Mercedes-Benz E-Class Cabriolet, a Honda City, and various other high-end cars. However, his greatest joy comes from providing a valuable service to customers and contributing to the growth of India’s startup ecosystem.
Amit’s story proves that with perseverance and the courage to pursue your dreams, anything is possible. He overcame obstacles through determination and hard work to achieve remarkable success and gain recognition as an inspiring entrepreneur. His vision and leadership have not only reshaped the automotive industry but also motivated countless others to follow their passions. Therein lies Amit Jain’s true net worth.
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Amit Jain Net Worth in Rupees 2024 FAQs
Amit Jain has become a household name in India, especially after his appearance as a shark on Shark Tank India Season 2. His success and wealth have made him an inspiration to budding entrepreneurs and startup founders across the country.
Naturally, many people wonder about Amit Jain’s net worth in Rupees and how he built his fortune. Let’s look at some frequently asked questions about Amit Jain’s wealth and income.
What is Amit Jain’s net worth in Rupees?
Amit Jain’s net worth is estimated to be around Rs 2,900 crore or $358 million in 2024. The majority of his wealth comes from his stake in CarDekho, the online automotive classifieds company he co-founded. CarDekho is valued at over Rs 9,700 crore, and Amit owns about 30% of the company.
How did Amit Jain make his money?
Amit Jain built his fortune as a co-founder of CarDekho, one of India’s leading automotive portals. After starting CarDekho in his garage in 2008, Amit grew the company into a highly successful business. CarDekho connects car buyers and sellers, provides automotive content and news, and offers various car-related services. The company has raised over $250 million in funding from investors like Sequoia Capital and Hillhouse Capital.
What kind of car does Amit Jain drive?
As an automotive enthusiast and expert, Amit Jain has an impressive car collection. Some of the vehicles he owns include:
- Mercedes-Benz E-Class Cabriolet
- Honda City
- Toyota Fortuner
How much does Amit Jain make per episode of Shark Tank India?
As one of the sharks on Shark Tank India, Amit Jain likely earns between Rs 1-2 crore per episode. The exact amount each shark makes is not publicly disclosed. In addition to the base pay per episode, the sharks also get a percentage of the profits from any businesses they invest in that become successful.
Amit Jain’s inspiring rags-to-riches story and his role in promoting entrepreneurship have made him an icon. His substantial net worth is a testament to the power of perseverance, vision, and belief in one’s abilities.
Conclusion
So there you have it – the incredible journey of Amit Jain from humble beginnings to founding CarDekho and amassing a net worth of over ₹35,000 crore. His success story proves that with passion, perseverance and a great idea, an ordinary person can achieve extraordinary things. While his meteoric rise is inspiring, what’s more admirable is his commitment to giving back and helping others. At just 46, Amit has many more exciting chapters left in his entrepreneurial story. And if he continues on this trajectory, we can expect to see CarDekho and his personal wealth continue to grow. The future certainly looks bright for this automotive tycoon and philanthropic trailblazer from Jaipur. We’ll be eagerly following along to see what he accomplishes next!
