Shark Tank India: Amit Jain’s Net Worth: Investing Over 7 Cr On The Show, From Software Engineer To 11-Figure Net Worth!

Explore Amit Jain's journey from engineer to entrepreneur, his significant investments on Shark Tank India Season 3, and his impressive net worth, alongside his dedication to empowering female-led startups in India's evolving business scene.

By
Nikita Wagh
- March 12, 2024 | 1:56 PM IST
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Shark Tank India Season 3 has been gaining popularity and raising the standards of reality television in India. The show provides a fantastic platform for aspiring entrepreneurs to seek funding for their startups from a panel of experienced investors, including Amit Jain, the CEO and Co-founder of CarDekho Group.

Beyond Financial Investment

Amit Jain, who is a part of Shark Tank India Season 3, believes that apart from providing financial investment, it is equally important to guide budding entrepreneurs. He actively guides young and emerging entrepreneurs by sharing his valuable experience and providing access to invaluable resources. His aim is to connect with entrepreneurs and advise them on crucial matters such as crystallizing their vision, building their teams, governance, adaptable business strategies, and prioritizing profitability.

Here are the startups Amit Jain invested in on Shark Tank India Season 3, alongside other sharks.:

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• 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 net worth

Amit Jain‘s journey from a software engineer to a successful entrepreneur and now a judge on Shark Tank India is truly inspiring. He has a net worth of Rs. 3017 crores and a thriving business, which cements his enduring influence in the business realm. His company CarDekho Group, founded in 2008, is a leading autotech and finance solution provider with nearly 60 million MAU. The group operates companies in Insurtech, Fintech, shared mobility, and leading automobile content portals such as CarDekho.com, BikeDekho, ZigWheels, Powerdrift, among others.

Amit Jain is Spearheading a Shift Towards Female-Led startups

Amit Jain’s support for female-led startups is remarkable. Over the years, he has extended his guidance and financial backing to numerous women entrepreneurs. His support and strategic guidance have fostered transformative growth trajectories for these female-led businesses. Collectively, the women-led brands in season 2 have experienced a staggering 4X average growth in their monthly revenues.

According to industry reports, nearly 20% of enterprises in India are owned by women, but there remains a substantial gender employment gap. Amit Jain aims to bridge this gap by investing in and nurturing businesses led by dynamic women entrepreneurs. He remains committed to fostering a New Bharat 2.0, where gender equality is a reality and women are the face of entrepreneurship.

Stay tuned to Koimoi for updates!

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