Shark Tank India 2’s Amit Jain says he went bankrupt, misplaced cash in share market: ‘However I had my brains and fingers…’ –

Shark Tank India 2’s Amit Jain says he went bankrupt, misplaced cash in share market: ‘However I had my brains and fingers…’

Shark Tank India 2 has managed to win the hearts of the viewers. Inside 5 weeks, the present has already seen a powerful funding of Rs 42.93 crore, with Namita Thapar main the chart. The latest entrant, Amit Jain, joined the present solely not too long ago, and has put in Rs 3.66 crore in numerous manufacturers. The CarDekho co-founder not too long ago spoke to about what introduced him to the present and the journey until now.

On becoming a member of Shark Tank India 2, Jain mentioned that the primary season was fairly a success and likewise helped in constructing the entrepreneurship tradition within the nation. He added, “I believe it’s time that each family talks about this. Additionally, I’ve labored 15 years with my firm and now it’s time to offer again to the individuals. I believe I and different sharks can actually assist these younger enterprise minds. I need to additionally add that by way of Shark Tank India, I bought to be taught a lot. I by no means thought there may very well be companies in sure classes. And the way one can develop it with none prior funding.” He added how he can attain crores of individuals by way of this present, which is an added benefit for him and his firm.”

When requested if he had adopted the primary season, the businessman mentioned, “Completely I watched the primary season. Normally, the concept is that solely individuals from an IIT and IIM background can do profitable companies. I used to be amazed on the sort of pitches that we noticed final 12 months. Additionally, there have been so many feelings concerned of their corporations. I keep in mind how this bhabhi-nanad jodi began an aachar firm (Jha Ji) proper from their dwelling. The innovation and the eagerness have been one thing never-seen-before. Additionally, they really discovered some issues on the root and solved them. The hustling is so inspiring. I need to say when you favored season one, you’ll undoubtedly love season 2.”

Once we quizzed if he discovered any variations between the 2 seasons, Jain mentioned he watched the primary season as a viewer, so it had a special perspective. “This time I’m on the present, so I take a look at it in a different way. I keep in mind watching the episodes once more earlier than I got here in to get an understanding of the class segments. I come from a tech background and ace digital advertising however there’s a lot extra that may add worth to companies. For me, my prime purpose is so as to add worth to the model that I put money into,” he shared, including that whereas the ‘numbers of an organization are vital’, one additionally has to deal with ‘good founders’.

Being the brand new addition, did he handle to kind a friendship with the opposite sharks and slot in simply? He mentioned, “We aren’t right here to make buddies, we’re all sharks on this present. Nonetheless, I by no means felt completely different. It was fairly a traditional expertise, and all of us had good enjoyable.”


Whereas these businesspeople have been standard of their trade, Shark Tank India has given them a brand new id and a special sort of fandom. Nonetheless, for Jain, ‘recognition’ was by no means the target for him to be on the fact present. “I come from a really small city and have by no means run after fame. Now that I’m on the present, I’ve began utilizing social media. In any other case, for me, spending time with my household and buddies, and my group is what provides me happiness. I’ve at all times believed that life is a journey, and one must take pleasure in each second,” he mentioned.


Speaking about himself, Jain says, “I come from a small city with a joint household system. For this reason I’ve a robust worth system. I stay a quite simple life. And whereas I’ve my ft on the bottom, my eyes are on the sky. I’ll come throughout as flamboyant however I’ve no conceitedness.”

“Secondly, I’m a really number-oriented individual. With a background in economics, I actually imagine within the depth of numbers. My data of merchandise and expertise is kind of sturdy. And lastly, I like vehicles and have various them. I additionally like to hurry up my vehicles on good roads.”


Speaking about how he began CarDekho, and constructed the primary unicorn from Jaipur, the shark mentioned, “In 2006, after my father’s dying, my brother and I shifted  to Jaipur. We had the choice to get our grandparents to Bangalore however that will have been unfair to them. Again then, nobody even knew in regards to the time period ‘start-ups’. In 2008, we began educating younger individuals, as a result of we didn’t have too many educated individuals. They have been all freshers from native faculties, and at this time, they’re those who head our groups at CarDekho. They’ve been with us all through. I believe experiences and persons are what that you must run a enterprise.”

A fast search on Google, and one will get to find out about how Amit Jain and his brother Anurag Jain had misplaced cash within the share market. Delving extra on that, Jain mentioned, “So we misplaced greater than Rs 1.5 crore on shares and have been bankrupt. In fact, it was a giant loss however we knew that we now have fingers and brains, so we’ll construct it up once more.”

Shark Tank India 2 airs on Sony TV and streams on SonyLIV.

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