Explore Amit Jain’s journey from engineer to entrepreneur, his significant investments in Shark Tank India Season 3, and his impressive net worth, as well as his commitment to empowering female-led startups in India’s changing business scene.
The show is an excellent opportunity for aspiring entrepreneurs to seek funding for their startups from a panel of experienced investors, including Amit Jain, CEO and Co-Founder of CarDekho Group.
Beyond Financial Investment
Shark Tank India Season 3 participant Amit Jain feels that mentoring aspiring entrepreneurs is just as important as offering financial support. By giving access to priceless resources and sharing his insightful experience, he actively mentors upcoming and young business owners. His goal is to establish a rapport with business owners and provide them with guidance on important issues like refining their vision, assembling their teams, governance, flexible business plans, and putting profitability first.
The specifics of Amit Jain’s investments from Shark Tank India Season 3 are listed below:
- The Honest Home: This company offers everyday eco-friendly products for sale. In exchange for 3% equity and 1% royalty up to ₹1.5 crores in recovery, the deal was for ₹1 crore.
- Tiggle: Chocolate mixes are sold by this company. In return for 20% equity and 2% royalties up to ₹1 crore in recovery, ₹50 lakhs was agreed upon.
- Chefling: Handmade food products are sold by this company. In exchange for 16% equity, the deal was for ₹40 lakhs.
- Refit: Refurbished phones are sold by this company. In exchange for 1% equity and 1% royalty up to ₹3 crores in recovery, the deal was for ₹2 crores.
- Aroleap: They are a company that offers smart home gyms. In exchange for 5% equity, the deal was for ₹1 crore.
- Candid Men: This business offers men a platform for renting clothing. In exchange for 5% equity (3% to be returned to the founder if 2Cr PAT is achieved), ₹60 lakhs were exchanged.
- Model Verse Advance: An AI-powered image model wrapper is offered by this company. 10% equity was exchanged for ₹25 lakhs in the deal.
- MEPACK: This business offers personalized gym memberships. 10% equity was exchanged for ₹7 lakhs in the deal.
- Littlebox: This business offers D2C fast fashion brands. 2.5% equity was exchanged for ₹75 lakhs in the deal.
- Creme Castle: This business offers personalized cakes and baked goods. 2.5% equity was exchanged for ₹60 lakhs in the deal.
- Namakwali: Organic spices are sold by this company. Approximately ₹10 lakhs was exchanged for 5% equity and ₹40 lakhs at 8% interest for a three-year period.
Amit Jain’s wealth online
It is really inspiring to follow Amit Jain’s path from software engineer to successful entrepreneur to Shark Tank India judge. His thriving business and net worth of Rs. 3017 crores solidify his lasting influence in the business world. With almost 60 MAU, his business, CarDekho Group, is a top provider of autotech and financing solutions. It was established in 2008. The group runs businesses in shared mobility, Fintech, Insurtech, and top automotive content portals like CarDekho.com, BikeDekho, ZigWheels, and Powerdrift, among others.
Leading the Way for Female-Led Startups is Amit Jain
It’s amazing how Amit Jain supports female-led startups. He has given many female entrepreneurs financial support and advice over the years. These female-led businesses have experienced revolutionary growth trajectories thanks to his support and strategic guidance. The combined monthly revenue growth of the women-led brands in season 2 is astounding, averaging 4X higher than before.
Industry reports state that although women own close to 20% of businesses in India, there is still a sizable gender pay gap. Amit Jain wants to close this disparity by supporting and investing in companies run by ambitious female entrepreneurs. He is still dedicated to creating a New Bharat 2.0, where women lead the entrepreneurial movement and gender equality is a reality.
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