Shark Tank India Season 3’s Amit Jain’s Net Worth(Photo Credit –Instagram)
A quick snapshot of what this one of the top sharks makes:
- Amit Jain Net Worth: $365 million
- Amit Jain’s Net Worth In Rupees: Rs. 3017 crores
- Amit Jain’s Yearly Salary: $80 million or Rs. 650 crores
- Amit Jain’s Monthly Salary: $6.6 million or Rs. 54 crores
Who Is Amit Jain?
Amit Jain is the CEO and co-founder of startup CarDekho. He is known for his appearance in Sony TV’s show Shark Tank India Season 2.
He made a good startup which is profitable.his company cardekho is unicorn biion dollar company.he appeared in sharktank season 2 as investor and invested huge aamount in new startup.
Amit Jain Education, Family, And Early Life-
Amit Jain was born into a jaini baniya family.he born On 12th November 1976. His father, the Late Mr. Prashant Jain, was a former RBI officer and a gem dealer, while his mother, Neelma Jain, is a housemaker.
He studied in St. Xavier’s Senior Secondary School for his early education in his hometown, Jaipur, and went on to join the Indian Institute of Technology, Delhi (1995-1999), where he obtained a bachelor’s degree in technology.
Amit Jain Companies-
After completing his engineering degree, Amit Jain started his career as a software engineer at Trilogy which is a renowned software company in Austin, Texas.
Further, he worked at a leading IT services company in India, Infosys. Where he played a crucial role in developing an innovative online banking platform for ABN Amro Bank.
After his father’s death in 2006, he took the weight on his shoulders. He left his job and in 2007, Along with his brother, Anurag Jain, he co-founded GirnarSoft, an ISO 9001 and ISO 27001-certified software outsourcing company.
This venture was highly successful which led them to convert their garage into an office. In 2008, the duo launched one of India’s largest online car marketplaces, CarDekho.com.
It’s an website that helps Indians buy and sell cars, compare prices, and get reviews from previous car owners. They started getting funds and got their first milestone of $15 Million in 2013. In 2015, Cardekho raised successful funding of around $50 million from prominent investors, including Hillhouse Capital, Sequoia Capital, and Google Capital.
They also partnered with all major OEMs and over 3500 new Indian car dealers to dominate 20+ markets. Today Cardekho’s net worth has a major contribution from its revenue of over $ 1.2 billion. It’s really amazing to know that he never advertised or did any marketing for CarDekho but still, it reached this huge success.
With the “Dekho” tag many platforms were founded such as CollegeDekho.com, BotsDekho, BikeDekho.com, and InsuranceDekho.com (the largest B2B Insurtech). Well, not all ventures have this “Dekho” tag.
Zigwheels Carmudi Philippines, Carddrift, and Gaadi.com are also great acquisitions that let them penetrate over 100 international markets.
“I have been an investor in our own group companies”
—Amit Jain said in an interview with Business Today.
He likes to invest in his own ventures or companies. However, he also invested in SUGAR Cosmetics, Rubans, KarmaLife, and other high-profile businesses.
Shark Tank India Season 2 investments-
Amit Jain’s journey to success led him to the 2nd season of Shark Tank India. He replaced ashneer grover, Amit Jain showed up in the third week of the season andtill the show finale and invested Rs. 9.46 Crores of money into several startups.
Let’s have a look over his investment journey during Shark Tank S2.
Week | Net Investments Of Amit Jain |
Week 3 | Rs. 2.36 crores |
Week 4 | Rs. 3.06 crores |
Week 5 | Rs. 3.66 crores |
Week 6 | Rs. 4.16 crores |
Week 7 | Rs. 4.41 crores |
Week 8 | Rs. 5.81 crores |
Week 9 | Rs. 6.66 crores |
Week 10 | Rs. 8.66 crores |
Week 11 | Rs. 9.46 crores |
Amit jain investment in companies-
- The Honest Home: This company sells eco-friendly daily use products. The deal was for ₹1 crore in exchange for 3% equity and 1% royalty until ₹1.5 crores are recouped.
- Tiggle: This company sells chocolate mixes. The deal was for ₹50 lakhs in exchange for 20% equity and 2% royalty until ₹1 crore is recouped.
- Chefling: This company sells DIY food products. The deal was for ₹40 lakhs in exchange for 16% equity.
- Refit: This company sells refurbished phones. The deal was for ₹2 crores in exchange for 1% equity and 1% royalty until ₹3 crores are recouped.
- Aroleap: This company sells a smart home gym. The deal was for ₹1 crore in exchange for 5% equity.
- Candid Men: This company is a fashion rental platform for men. The deal was for ₹60 lakhs in exchange for 5% equity (3% will be given back to the founder if 2Cr PAT is achieved).
- Model Verse: This company provides an AI-based image model wrapper. The deal was for ₹25 lakhs in exchange for 10% equity.
- MEPACK: This company provides custom gym subscriptions. The deal was for ₹7 lakhs in exchange for 10% equity.
- Littlebox: This company sells fast fashion D2C brand. The deal was for ₹75 lakhs in exchange for 2.5% equity.
- Creme Castle: This company sells customized cakes and bakery products. The deal was for ₹60 lakhs in exchange for 2.5% equity.
- Namakwali: This company sells organic spices. The deal was for ₹10 lakhs in exchange for 5% equity and 40 lakhs debt at 8% for 3 years.
Amit Jain’s car-
Today, Amit Jain’s net worth iss an about $365 million. He is a technology-oriented car lover with an immense collection of cars. He lives in a lavish mansion in Jaipur with his family.
“I love cars, but I love technology-oriented cars more. I like Teslas, their tech is fairly advanced.”
—says Amit Jain on Raj Shamani’s podcast.
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.
Frequently Asked Questions About Amit Jain Net Worth
Amit Jain has a net worth of Rs. 3017 crores or $365 million.
Amit Jain is the richest Shark Tank in India
CarDekho is valued at around Rs 9,769 crore or $1.2 billion.