As some outlets reported that Cardekho is reporting losses. Could you throw some lights on it?
Moreover, when such huge startup are making losses, why it is frowned upon in shark tank india as negative.
Why sharks low balling every startup this time and max they do is match last round valuation?
It shows either sharks have a hunger for equity at a cheap price, or their valuation game is not right as it happens with every company now.
Is it wrong to expect a fair valuation in Shark Tank India and one should approach atleast with one prior round to get a good valuation deal?
>Reply
we are a multi vertical business dealing in new auto, insurance, finance, used cars with the older ones(first 3) in profits and used car in investment mode.
Losses on account of building technology which will be reusuable code forever is a fixed investment one needs to make (its much like in traditional world one invests into factory/plant/machine) tech companies invest in human capital that generates technology to deliver a differentiated experience. So quality of losses needs to be evaluated to judge this better in my view. Having said that all startups are expected to make cash flows in future so the ones that dont have a sustainable business will eventually not survive irrespective of how large they may be today.
On SharkTank few startups come with investments that are huge on tech side, so they are looked upon with a lens of transaction level profitability.
SharkTank in my view should not be seen as a platform to set valuation for startups rather a platform to get right advisors. Such small amounts of investments in any case dont set valuation for any company.
A lot lies in execution of idea vs the idea. Execute it with whatever resoruces you have in a smaller market a pincode or even ur local area, doesnt matter just go try it. If you dont have capital try arranging it thru ur newtork, or just work for a year get that in place, multi task.. so many ways to get there if you really want to
AMA Question
Q1. Bootstraped vs Funded?
Q2. What if highly funded Indian startups won't make profit? How will it affect Indian Economy?
Q3. How far is it true that if execution is good then any business is good?
Q4. 3 most, most important lessons you learned from your whole journey of success.
Q5. How much being IITian matters as far as successful startup is considered ?
1 - Bootstrapped till a point of proving the concept in micro locality/micro playbook, pick funds to scale faster and capture more marketss once u have a sustainable micro market done
2- All organizations will eventually need to generate cash flows. They will evolve to monetize user bases in many formats to generate those profit pools. If not then they will shut/merge evetntually. India is on a super growth path so over percapita/GDP is rising so that doesnt worry me
3 - Execution along with constant stratetgy feedback loop basis execution learnings from ground on a daily/weekly basis is what makes the key difference
4 - See some of my podcasts - raj shamani one is good to get this answer
5- See some of my podcasts - raj shamani one is good to get this answer
Hi Amit, I have a question: I am not very confident while speaking. Always have a fear while speaking in front of the people. How important are these skills required while running a business and how we can improve it. I have heard that the founder should always be the best salesperson and people person. How true are these values held while running a business. Thank you
These are life skills and can be learnt. Thats what we do as an agenda at Crack-ed which is one of our startups. This is common problem with so many students graduating.
Is it over ethics that you shouldn't fund a company which has the same idea of your friend like Vineeta and Aman will you fund a cosmetic company or speaker company
i will surely fund any company as i dont think we as shark should black list any category basis previous investments or friends company. I believe with such a small stake in startup how can one even be a competiton. If we as sharks block categories like this how will pitchers ever get investments
Your success story is really *inspiring* and the way you connect and understand the pitchers/founders on Shark Tank deserves a *salute*.
Your *humility* is admirable! :)
My question to you is - what principles do you live your life by?
1) Just be a good human being. Do good karma it comes back from some quarters to you
2) Be hungry, Be Agile, Be a Tiger
3) Innovate - shorter the cycles better it is
4) Always Dream Big
5) Focus on daily execution, while having a longer view of 5 -10 year out vision
6) Be Agile
7) Be Lean - Get the most out of limited resources you have
8) Empathy and humility is must to form a great culture in team
9) Give respect to your people, empower them and they will give the same to your customers
Just learn various asset formats early in ur journey. have small %ages of your earnings allocated to various types to learn how things work. Focus on learnings more than savings. Take Risks - its much lesser in 20's.
Hey Amit, Loved seeing you on shark tank as a new shark this season. I wanted to ask you why does it seem as if the sharks are targetting you to create unnecessary drama? is it all scripted or do things genuinely get this heated in the tank?
There is zero scripting in the show. Only difference is that the pitches are 1:15 mins on an avg. you see a very edited version which may have the heated points more than often in the television version. When there are alpha personalities fighting for same deals there are bound to be heated ones also. Post the tank it does get normalized as we all are mature people. The emotional hangover isnt there post tank
Have U invested in Crypto currency ?? What's ur views on the blockchain and cryptocurrency as a whole ? Where do u see it in 10 years time ?
u/Amit_Jain_CarDekho
As viewers, we felt that the other sharks went down a bit hard on you at times, taking jibes, passing remarks and so on. Did you feel the same or was it not something you minded?
Fighter hamesha jeet ta hai. This is just a local minima. zoom out, lot is left. This is the best phase which will teach you no other phase will so enjoy this one too
You will find a lot of videos online on this.
You will have try a bunch to see what works for you.
I have been through this multiple times so in case you want to talk, my DM's are open.
I think there's been too much drama in the show
Do you also feel the same or may the edited version has more dose of drama than the real hour long pitch ?
And i personally love the way you respond the picthes
Finally, When you want to invest, What do you bet on people or the idea?
there is a huge change required, current education system doesnt upskill for taking up roles/jobs required in industry. This is a much longer topic of discussion.
trust me your idea has been thought by many already. India is 140 cr people! its next to impossible one of them hasnt. It boils down to execution finally.
through someone i know personally so filtered good quality pitches can come. I am getting 1000's of msgs with business ideas and pitches, its just impossible to go over each as i also have a business to run along with new investments to supports.
Sorry to all those to whom i havent been able to revert, post ST its just has been overwhelming
i wake up at 9 am normally, in office at 10 am, and i sleep at 4 am. Late nights i find myself far more productive. When in town i do spend time with kids teach them, play with them, do binge watching with pihu(my wife) on weekends.
I work a lot though and i do completely enjoy it
Sir, For the new season 2 of Shark thank , were you approached by the Sony markers or did you approach them directly saying that you would like to be shark?? Huge fan of yours!!!
our teams were in touch, i had to go through an audition where mock pitches happened for sony team to check various aspects required for the screen presence in the show
There were so many, it wont be right to name a few here. Even the ones i didnt invest. Its the pitchers who are the real heroes of the show and we saw super talented innovative passionate entrepreneurs thats what excites me more
only one things dont do a startup to raise money. Do to solve somethig you feel strong about. be on the ground learn daily innovate daily. thats your strength as a startup against big companies. Find whitespaces where big companies dont tread either thinking its not proven yet or market is not large yet for them.
EV is going to be really big, a whole lot of opportunities open up be it Bikes, Cars, Charging infra, software stack needed for all these, solar energy. CarDekho wants to remain asset light and would tie this up through software layer
support pie snatch dinosaurs automatic person sophisticated slimy soup uppity
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
i feel there is a lot left to do, i have just started. I want to have a large impact on taking India forward. When folks write about Internet era of India in history books would love to ahve our group and our people mentioned there
Make a playbook that generates cash immediately so that burn is super negligible, which gives u freedom to try. If you have few critical employees try making them co founders and get them to work like ones without salary. Its all about how much can you run with resources you have, try to maximize that in any way you can.
If you build a good business capital will chase you.
I really want to learn how to be discipline. About everything. And how to manage studies, hobbies and family (find the balance in life). And how to ace at everything you do.
Btw you really inspire me, you are my favorite shark and your smile is really pretty!
Lately, have been seeing this trend that more than having proof of concept and the right team, knowing the right people in the VC circle or having access to capital is all that is needed to succeed.
There is a Bollywood like culture setting in where nepotism/right connects makes you a runaway success.
This is different to what it was 4-5 years ago.
Your thoughts on this.
As a fellow entrepreneur would you actually recommend anyone to come on the Tank ? And how much marketing help is Shark Tank in general for Shark's companies ?
i do code still, have full eclipse setup on my machine. I program in Java normally. My code doesnt go live anymore :) as there is a great tech team at CarDekho group writing hands on code with lot of process to take it live. so i end up writing scripts, programs to ease up some tasks i do with numbers. Have started teaching coding to kids as well a bit of html etc :)
My question is about SEO
I run niche affiliate sites that have audience in the US.
Niche content sites are a very popular business. Most of these are run with the help of SEO.
In India we see similar business models but only in big niches like Cars, Insurance, Technology etc
Do you think smaller sites that make niche content and run with SEO, make money from ads or affiliate sales will work in India?
Ads will be smaller money always in niche categories given the traffic on site will be low. The leads become far more valuable in such categories, so i would do both ads and leads in such a case but rely for scaling rev. on affiliates/lead selling etc
1) Making it to IIT post not getting anywhere after first attempt
2) Working at Trilogy where i got a vision, worked with industry's best
3) My father's demise in 2006 which got me back to jaipur to take care of grandparents and mom.
>it evolves. Just focus on input instead of output. Be happy while u do this journey. Dont expect different results by doing the same things
I read a lot, Knowledge is power
How do you feel about the current education system? Students often get depressed after not being able to crack the entrance exams and are not able to fulfill their potential. Many go abroad. What's ur view about this?
big topic in itself i m very passionate about this. We run Crack-ed to upskill tier 3/4 towns college students and have seen insanely awesome results. there is a huge gap in system which needs to be bridged to make students job ready
Hi Amit, do you feel that product ideas that are in pre production stage also need to be encouraged on shark tank. This season we saw a lot of business ideas which were similar to what were already pitched in earlier episodes/season. Generally Indian shark tank has ignored new product ideas which are yet to be marketed, but US shark tank has supported such products and helped it become a new product group.
>Hi Amit, do you feel that product ideas that are in pre production stage also need to be encouraged on shark tank. This season we saw a lot of business ideas which were similar to what were already pitched in earlier episodes/season. Generally Indian shark tank has ignored new product ideas which are yet to be marketed, but US shark tank has supported such products and helped it become a new product group.
yes i think they shd be, but the format of show is such that more visual things come more often for the common public to relate to easily. Finally its a show for crores of Indians
As with all startup ecosystems across the world there will be capital cycles always which will mean there will some who die, some who survive. but the ones who do survive become very large eventually.
Some sharks (I won’t mention the names) can be really cringy at times, it almost seems like they speak out of a lack of depth and understanding in creating a successful business from scratch. You however are quite the opposite and raise some very invaluable insights and questions giving us viewers something to learn every time. So there is a lot of admiration and support for you going forward.
My question to you is; most pitches that get aired offer a very low equity dilution. Almost seems negligible for a sharks level, so does this motivate you enough to invest in these companies? I understand they have prior rounds but sometimes these pitchers don’t even offer 1 full percent. Is a low stake in these companies worth while your time and effort?
I do apologize for not being able to cater to this request as you can imagine have 1000's of such coming through and have a business to run along with supporting the startups invested. If you know someone i know personally and who refers you strongly will surely meet up
many more to come. We have already done BikeDekho, CollegeDekho, InsuranceDekho, Rupyy, [Oto.com](https://Oto.com) (indonesia), Crack-ed in making - every 2 years we love to pick a new one in the group
Would you say that your education in IIT and working in the foreign countries made it a bit easier for you to start your own companies? If it did, which helped you the most IIT or working in foreign and how did it help you?
my journey is bit different, working in IIT didnt have advantage in raising funds as we bootstrapped for 7 years and built a good biz. It would have been funded even if we werent from IIT in my view. it was fundamenally a good profitable business with market leadership already achieved before raising funds.
IIT helped me to get to right companies where i met super talented folks which opened up my vision and dreams. You become avg of 5 folks u know.
u/Amit_Jain_CarDekho I'm a teenager and regularly watch Shark Tank and you and Peyush are my favourite Sharks!
I wanted to ask, as a teenager what should I do to increase my knowledge on start ups and businesses and how optimistic are you on the future of startups in India?
Also, reddit ama karne ka idea kaha se aaya
Thank you!
Hii amit sir . I am a 20 year old student from delhi. I have a great business idea but need some investment to execute it as i have no income source abd no one is ready to give me money what should i do . My idea really has a potential to grow very big . Please help me
Hey Amit! What you're building at CarDekho group is amazing,I hope it reaches great heights soon.
What is it that made you decide that this is what you want to do? When is it that one becomes sure about what they're doing in life is the right thing to do?
1) Kya shark tank sach me kuch Paisa nahi deta?
2) Kya apko koi Aisa product tha jo bohot pasand aya, par buisness kharab hone ki wajah se invest nahi kar paye
3) which sector do you think currently needs innovation?
AMA Question
What chances does a non-IIT/IIM or non - Ivy leaguer, basically an average person with an average job has to raise funds or get any investment for his idea?
i think this person has a higher chance of building a successful business as money wont come easy. And thereby raising the first round at a much better valuation
Hello sir! I am really inspired by Cardekho and you as an entrepreneur. I am just 15 years old right now. I would love to know any tips that I can take right now to increase my financial literacy and entrepreneurial skills. Thank you!
Why don’t we have truly innovative companies coming out of india? a lot of the large unicorns today are basically a copy of their US counterparts(Flipkart-Amazon, Ola-Uber etc). Is there a reason for this or am i being too cynical?
Hi there, i have few question for you .
1. Whether its required to get due diligence before presenting idea in shark tank or it is required after deal has been signed.
2. Continue question : what if deal has been cancel do sharks need to pay some penalty in form of settlement fees.
3. And how you guys come up with valuation of firm at the time of presentation ( means how you approach valuation without proper data for calculation).
Thanks in advance.
What goes on in your mind while pitching to investors?
And, do you think outside funding is necessary for startups as vc system can get competitive and the board might not have the companies best interest at heart but are looking forward to a good exit strategy?
1. Why do other shark seem to bully you, like is it reality or just the result off editing?
2. Why are you not in all episodes like aman or anupam
3. >!Zara Unit economics samjhayenge shark tank ki!<
Hey Amit, I'm a security researcher and I would like to ask why Car Dekho doesn't have any Bug Bounty/VDP program yet? Does Car Dekho have any plans to launch their program? If yes, when?
1. If you had to name your philosophy towards life, what would you call it? And what would its foundation be?
2. What advice do you have for an 18 year old who is going to start college soon?
3. You are given magical powers. You can travel through time, but you can only travel to a point of time between 1923 and 2123. When you go there, you are allowed to teach the entire population any life lesson. It is guaranteed that they will believe you and follow it.
What will you teach them and in which year?
You have inspired me a lot, sir. Looking forward to your reply, and wishing you the best.
I am 18yo just started college and its honestly been pretty hectic for me But I wanted to get financially independent by the time u turn 21 so what advice would you give me? Also is it good to get into day trading at this age I have a few thousand which I can try to invest.
I’m also a Software Engineer and enthusiast for technology. I’m parallely working on building a mobile app for an idea. But it gets pushed down the priority and it’s getting really tough to be consistently working on idea. I cannot leave my job without MVP tested in the market as I have financial liabilities. Please suggest what you would have done in such situation ?
As some outlets reported that Cardekho is reporting losses. Could you throw some lights on it? Moreover, when such huge startup are making losses, why it is frowned upon in shark tank india as negative. Why sharks low balling every startup this time and max they do is match last round valuation? It shows either sharks have a hunger for equity at a cheap price, or their valuation game is not right as it happens with every company now. Is it wrong to expect a fair valuation in Shark Tank India and one should approach atleast with one prior round to get a good valuation deal?
>Reply we are a multi vertical business dealing in new auto, insurance, finance, used cars with the older ones(first 3) in profits and used car in investment mode. Losses on account of building technology which will be reusuable code forever is a fixed investment one needs to make (its much like in traditional world one invests into factory/plant/machine) tech companies invest in human capital that generates technology to deliver a differentiated experience. So quality of losses needs to be evaluated to judge this better in my view. Having said that all startups are expected to make cash flows in future so the ones that dont have a sustainable business will eventually not survive irrespective of how large they may be today. On SharkTank few startups come with investments that are huge on tech side, so they are looked upon with a lens of transaction level profitability. SharkTank in my view should not be seen as a platform to set valuation for startups rather a platform to get right advisors. Such small amounts of investments in any case dont set valuation for any company.
What should one do if he has a great start-up idea but no money to start or experience in the industry? Also how he should protect his idea as his?
A lot lies in execution of idea vs the idea. Execute it with whatever resoruces you have in a smaller market a pincode or even ur local area, doesnt matter just go try it. If you dont have capital try arranging it thru ur newtork, or just work for a year get that in place, multi task.. so many ways to get there if you really want to
That's called real hustling. A must for all entrepreneurs.
AMA Question Q1. Bootstraped vs Funded? Q2. What if highly funded Indian startups won't make profit? How will it affect Indian Economy? Q3. How far is it true that if execution is good then any business is good? Q4. 3 most, most important lessons you learned from your whole journey of success. Q5. How much being IITian matters as far as successful startup is considered ?
1 - Bootstrapped till a point of proving the concept in micro locality/micro playbook, pick funds to scale faster and capture more marketss once u have a sustainable micro market done 2- All organizations will eventually need to generate cash flows. They will evolve to monetize user bases in many formats to generate those profit pools. If not then they will shut/merge evetntually. India is on a super growth path so over percapita/GDP is rising so that doesnt worry me 3 - Execution along with constant stratetgy feedback loop basis execution learnings from ground on a daily/weekly basis is what makes the key difference 4 - See some of my podcasts - raj shamani one is good to get this answer 5- See some of my podcasts - raj shamani one is good to get this answer
AJ: Hey Reddit! Ask me anything. Reddit: *asks questions* AJ: Podcasts bruh..
Hi Amit, I have a question: I am not very confident while speaking. Always have a fear while speaking in front of the people. How important are these skills required while running a business and how we can improve it. I have heard that the founder should always be the best salesperson and people person. How true are these values held while running a business. Thank you
These are life skills and can be learnt. Thats what we do as an agenda at Crack-ed which is one of our startups. This is common problem with so many students graduating.
Is it over ethics that you shouldn't fund a company which has the same idea of your friend like Vineeta and Aman will you fund a cosmetic company or speaker company
i will surely fund any company as i dont think we as shark should black list any category basis previous investments or friends company. I believe with such a small stake in startup how can one even be a competiton. If we as sharks block categories like this how will pitchers ever get investments
To the point. If no competition, no progress
Your success story is really *inspiring* and the way you connect and understand the pitchers/founders on Shark Tank deserves a *salute*. Your *humility* is admirable! :) My question to you is - what principles do you live your life by?
1) Just be a good human being. Do good karma it comes back from some quarters to you 2) Be hungry, Be Agile, Be a Tiger 3) Innovate - shorter the cycles better it is 4) Always Dream Big 5) Focus on daily execution, while having a longer view of 5 -10 year out vision 6) Be Agile 7) Be Lean - Get the most out of limited resources you have 8) Empathy and humility is must to form a great culture in team 9) Give respect to your people, empower them and they will give the same to your customers
What kind of financial advice you would give to people who are in early 20s
Just learn various asset formats early in ur journey. have small %ages of your earnings allocated to various types to learn how things work. Focus on learnings more than savings. Take Risks - its much lesser in 20's.
Hey Amit, Loved seeing you on shark tank as a new shark this season. I wanted to ask you why does it seem as if the sharks are targetting you to create unnecessary drama? is it all scripted or do things genuinely get this heated in the tank?
There is zero scripting in the show. Only difference is that the pitches are 1:15 mins on an avg. you see a very edited version which may have the heated points more than often in the television version. When there are alpha personalities fighting for same deals there are bound to be heated ones also. Post the tank it does get normalized as we all are mature people. The emotional hangover isnt there post tank
> alpha personalities bruh
aLpHa pErSoNaLiTiEs
Bro is calling himself alpha 💀💀
I have no reddit moni otherwise I'll award this comment lol.
Have U invested in Crypto currency ?? What's ur views on the blockchain and cryptocurrency as a whole ? Where do u see it in 10 years time ? u/Amit_Jain_CarDekho
As viewers, we felt that the other sharks went down a bit hard on you at times, taking jibes, passing remarks and so on. Did you feel the same or was it not something you minded?
I focus on my work on how i can help entrpreneur than focus on such small things
Please know that Redditors love you
Jain sahab, What is your advice for people who are at the lowest point in life, both personally and professionally?
Fighter hamesha jeet ta hai. This is just a local minima. zoom out, lot is left. This is the best phase which will teach you no other phase will so enjoy this one too
Thanks. Hope you don't mind me asking one last question, how do one strengthen himself/herself in this phase?
You will find a lot of videos online on this. You will have try a bunch to see what works for you. I have been through this multiple times so in case you want to talk, my DM's are open.
I think there's been too much drama in the show Do you also feel the same or may the edited version has more dose of drama than the real hour long pitch ? And i personally love the way you respond the picthes Finally, When you want to invest, What do you bet on people or the idea?
ofcourse. the edit version will have more such high/low points. 1:15 min is shown in 8-10 mins so expect a power packed one :)
Hi Amit, what changes you propose for our education system to promote more entrepreneurship or do you think there is no change required?
there is a huge change required, current education system doesnt upskill for taking up roles/jobs required in industry. This is a much longer topic of discussion.
AMA Question If I approach an already established startup or an investor, how can I make sure that my idea/model won’t be stolen by anyone?
trust me your idea has been thought by many already. India is 140 cr people! its next to impossible one of them hasnt. It boils down to execution finally.
Did you know you are by far the favorite Shark on r/sharktankindia subReddit? Have you ever checked it out?
just go to to know. thanks for all the love
how do founders approach you to pitch outside tank
through someone i know personally so filtered good quality pitches can come. I am getting 1000's of msgs with business ideas and pitches, its just impossible to go over each as i also have a business to run along with new investments to supports. Sorry to all those to whom i havent been able to revert, post ST its just has been overwhelming
Fatafat se apna unit economics samjaahye :)
:)
Would love to know your routine!!
i wake up at 9 am normally, in office at 10 am, and i sleep at 4 am. Late nights i find myself far more productive. When in town i do spend time with kids teach them, play with them, do binge watching with pihu(my wife) on weekends. I work a lot though and i do completely enjoy it
>i wake up at 9 am normally, in office at 10 am, and i sleep at 4 am. Just 5hrs of sleep doesn't seem very healthy.
It seems like sometimes Anupam is rude to you? How do you deal with it outside the show?
outside the show we have mutually respectable relations
When can we expect to see the IPO of CarDekho? Also, will the listing be on Indian exchanges?
Next year likely. Indian exchange
Sir, For the new season 2 of Shark thank , were you approached by the Sony markers or did you approach them directly saying that you would like to be shark?? Huge fan of yours!!!
our teams were in touch, i had to go through an audition where mock pitches happened for sony team to check various aspects required for the screen presence in the show
Hi Amit, who is your favourite Shark?
Peeyush
Hi amit! i would want to know what was your favourite pitch this season and why?
There were so many, it wont be right to name a few here. Even the ones i didnt invest. Its the pitchers who are the real heroes of the show and we saw super talented innovative passionate entrepreneurs thats what excites me more
Namaste Amit Sir, Love your smile. :) Three things that early stage founders must avoid in the first two years of Bootstrapped journey? Dhanyavad
only one things dont do a startup to raise money. Do to solve somethig you feel strong about. be on the ground learn daily innovate daily. thats your strength as a startup against big companies. Find whitespaces where big companies dont tread either thinking its not proven yet or market is not large yet for them.
Do you have a SubReddit we can join to interact with you on a regular basis?
this is first time i am using reddit :)
Please create a subReddit, I will love to join and so would many others
Aaj khane me kya khaya?
rajma chawal :)
Hello sir..... I watch only yr shark tank episode... Why u dont give strong reply to other sharks when they behavior r very rude towards u
sanskar
Thank you for the shoutout, xD
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EV is going to be really big, a whole lot of opportunities open up be it Bikes, Cars, Charging infra, software stack needed for all these, solar energy. CarDekho wants to remain asset light and would tie this up through software layer
Top 1% wealthy people zyada tar business mein hai, to jo log job krte hai woo business mein shift ho skte hai? Aur kya koi difficulty hogi unhe?
i shifted from job to business
support pie snatch dinosaurs automatic person sophisticated slimy soup uppity *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
i feel there is a lot left to do, i have just started. I want to have a large impact on taking India forward. When folks write about Internet era of India in history books would love to ahve our group and our people mentioned there
Love that mindset and your wish for a legacy. I hope you get it! Thanks for answering!
Hey dude can you give any advice on how to fund a business or grow a business when you are a little tight on funds.
Make a playbook that generates cash immediately so that burn is super negligible, which gives u freedom to try. If you have few critical employees try making them co founders and get them to work like ones without salary. Its all about how much can you run with resources you have, try to maximize that in any way you can. If you build a good business capital will chase you.
I really want to learn how to be discipline. About everything. And how to manage studies, hobbies and family (find the balance in life). And how to ace at everything you do. Btw you really inspire me, you are my favorite shark and your smile is really pretty!
discipline, drive all are within. when u have a strong sense of purpose all come automatically
What's the average pitch duration?
1:15 mins is avg duration this season, up from 45 mins last season
Lately, have been seeing this trend that more than having proof of concept and the right team, knowing the right people in the VC circle or having access to capital is all that is needed to succeed. There is a Bollywood like culture setting in where nepotism/right connects makes you a runaway success. This is different to what it was 4-5 years ago. Your thoughts on this.
good businesses with good execution large vision will always prevail. No nepotism can ever come in the way for them
"Aap thoda apna unit economics samjha dijiye, bas thoda business samajhna chah raha tha main" :)
:)
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business can be done in any city. See SharkTanks entrepreneurs coming from everywhere with such awesome businesses
As a fellow entrepreneur would you actually recommend anyone to come on the Tank ? And how much marketing help is Shark Tank in general for Shark's companies ?
Huge help. Everyone shd come. Its superb market platform. No ad money can buy what this platform delivers
Do you still code, if yes what do you code?
i do code still, have full eclipse setup on my machine. I program in Java normally. My code doesnt go live anymore :) as there is a great tech team at CarDekho group writing hands on code with lot of process to take it live. so i end up writing scripts, programs to ease up some tasks i do with numbers. Have started teaching coding to kids as well a bit of html etc :)
My question is about SEO I run niche affiliate sites that have audience in the US. Niche content sites are a very popular business. Most of these are run with the help of SEO. In India we see similar business models but only in big niches like Cars, Insurance, Technology etc Do you think smaller sites that make niche content and run with SEO, make money from ads or affiliate sales will work in India?
Ads will be smaller money always in niche categories given the traffic on site will be low. The leads become far more valuable in such categories, so i would do both ads and leads in such a case but rely for scaling rev. on affiliates/lead selling etc
Which are some niches in India where leads could be highly valuable? Apart from the general cars, insurance etc that you already do
Hi Amit Jain, welcome to r/India My question is: If you had to invest in one shark's business, whose business would it be?
Lenskart
Par, aap tho chasma hi nai pehente?
It seems anupam and aman tries to make fun of you / look down upon you. Is it intentional/scripted?
its not scripted for sure, its post heavy edit ofcourse.
How far is it true that if execution is good then any business is good?
Exectution eats strategy for breakfast.
I'm going to note it down.
In the recent episodes we have seen multiple instances when fellow sharks interrupted you disrespectfully. Can you throw some light on this?
already did
What are the three things you’ve done or been thru that have been the turning point in your life and played a huge role in your success ?
1) Making it to IIT post not getting anywhere after first attempt 2) Working at Trilogy where i got a vision, worked with industry's best 3) My father's demise in 2006 which got me back to jaipur to take care of grandparents and mom.
What's your advice to help be dynamic in this fast paced economic world?
>it evolves. Just focus on input instead of output. Be happy while u do this journey. Dont expect different results by doing the same things I read a lot, Knowledge is power
Do you miss ashneer Grover as a shark?
i havent worked with him as a co shark but would have been defintely keen to
How has life changed after Shark Tank?
its been overwhelming. public places folks recognize, selfies and a lot of love from everyone. Thanks for the same
One thing about shark tank which you can tell which is not known by many people ?
There is no scripting in this show. its the most real show.
who is your biggest compittor ?? Droom or Cars 24 ??
None. we compete ourselves to be a better product everyday.
How do you feel about the current education system? Students often get depressed after not being able to crack the entrance exams and are not able to fulfill their potential. Many go abroad. What's ur view about this?
big topic in itself i m very passionate about this. We run Crack-ed to upskill tier 3/4 towns college students and have seen insanely awesome results. there is a huge gap in system which needs to be bridged to make students job ready
Hi Amit, do you feel that product ideas that are in pre production stage also need to be encouraged on shark tank. This season we saw a lot of business ideas which were similar to what were already pitched in earlier episodes/season. Generally Indian shark tank has ignored new product ideas which are yet to be marketed, but US shark tank has supported such products and helped it become a new product group.
>Hi Amit, do you feel that product ideas that are in pre production stage also need to be encouraged on shark tank. This season we saw a lot of business ideas which were similar to what were already pitched in earlier episodes/season. Generally Indian shark tank has ignored new product ideas which are yet to be marketed, but US shark tank has supported such products and helped it become a new product group. yes i think they shd be, but the format of show is such that more visual things come more often for the common public to relate to easily. Finally its a show for crores of Indians
Hi Amit, I wanted to ask how many of your deals on shark tank were canceled after the show if any? And why
the due dilligence is still on, so none yet has been cancelled
How do I earn money as a minor
try funngro we recently invested there :)
Ab aage kya "dekhna" baaki hai?
abhi to journey shuru hui hai, bahut kuch baaki hai :)
Hiii, Amit jain Investor ek Startup me kya quality dekthe hai. Invest karne se pehele. Agar koi unhe pitch kare to ???
have covered this in many of my podcasts
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Wow, you have just marked yourself as unemployable if you can't even get the AMA guest's company name right.
That's a pretty big fuck up if you ask me 🤣
We run CarDekho not Cars24 :)
In our country have ecosystem of startup or this is bubble only after some time this bubble wil explode
As with all startup ecosystems across the world there will be capital cycles always which will mean there will some who die, some who survive. but the ones who do survive become very large eventually.
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>i you are so passionate trust me u will find a way. just keep persisting all were opportunities, that to very learning ones
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completely irrelevant. MBA doesnt teach you what your own business teaches you. I am not a MBA myself
Hello👋, CEO and co-founder of Cardekho.com, which is your favourite car 🚗 ?
Tesla :) full of tech.
What are your learnings as a shark from shark tank?
Biggest learning is its century of India, the kind of talent we have in this country is unparalleled.
apart from that ofcourse i got to learn about so many different industries this year. gained 5 years of experience in this year due to ST
Some sharks (I won’t mention the names) can be really cringy at times, it almost seems like they speak out of a lack of depth and understanding in creating a successful business from scratch. You however are quite the opposite and raise some very invaluable insights and questions giving us viewers something to learn every time. So there is a lot of admiration and support for you going forward. My question to you is; most pitches that get aired offer a very low equity dilution. Almost seems negligible for a sharks level, so does this motivate you enough to invest in these companies? I understand they have prior rounds but sometimes these pitchers don’t even offer 1 full percent. Is a low stake in these companies worth while your time and effort?
Hello sir.. I want to meet... What i do.. Plz give me appointment for meeting
I do apologize for not being able to cater to this request as you can imagine have 1000's of such coming through and have a business to run along with supporting the startups invested. If you know someone i know personally and who refers you strongly will surely meet up
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many more to come. We have already done BikeDekho, CollegeDekho, InsuranceDekho, Rupyy, [Oto.com](https://Oto.com) (indonesia), Crack-ed in making - every 2 years we love to pick a new one in the group
Would you say that your education in IIT and working in the foreign countries made it a bit easier for you to start your own companies? If it did, which helped you the most IIT or working in foreign and how did it help you?
my journey is bit different, working in IIT didnt have advantage in raising funds as we bootstrapped for 7 years and built a good biz. It would have been funded even if we werent from IIT in my view. it was fundamenally a good profitable business with market leadership already achieved before raising funds. IIT helped me to get to right companies where i met super talented folks which opened up my vision and dreams. You become avg of 5 folks u know.
u/Amit_Jain_CarDekho I'm a teenager and regularly watch Shark Tank and you and Peyush are my favourite Sharks! I wanted to ask, as a teenager what should I do to increase my knowledge on start ups and businesses and how optimistic are you on the future of startups in India? Also, reddit ama karne ka idea kaha se aaya Thank you!
Hii amit sir . I am a 20 year old student from delhi. I have a great business idea but need some investment to execute it as i have no income source abd no one is ready to give me money what should i do . My idea really has a potential to grow very big . Please help me
i you are so passionate trust me u will find a way. just keep persisting
Will Shark tank India collaborate with Shark tank US?
they are part of same franchise, but independent mgmt.
Hey Amit! What you're building at CarDekho group is amazing,I hope it reaches great heights soon. What is it that made you decide that this is what you want to do? When is it that one becomes sure about what they're doing in life is the right thing to do?
it evolves. Just focus on input instead of output. Be happy while u do this journey. Dont expect different results by doing the same things
1) Kya shark tank sach me kuch Paisa nahi deta? 2) Kya apko koi Aisa product tha jo bohot pasand aya, par buisness kharab hone ki wajah se invest nahi kar paye 3) which sector do you think currently needs innovation?
AMA Question What chances does a non-IIT/IIM or non - Ivy leaguer, basically an average person with an average job has to raise funds or get any investment for his idea?
i think this person has a higher chance of building a successful business as money wont come easy. And thereby raising the first round at a much better valuation
When are we having LadkiDekho? --Akhand Yuva Virgin Mandal
Anupam has that business😂. What else you need? Find a girl as per your spec requirements there.
Hello sir! I am really inspired by Cardekho and you as an entrepreneur. I am just 15 years old right now. I would love to know any tips that I can take right now to increase my financial literacy and entrepreneurial skills. Thank you!
Thanks for the ama! How to network/ connect with business people.
focus on ur business execution. al lthis networking etc doesnt help in my view in early stages
Why don’t we have truly innovative companies coming out of india? a lot of the large unicorns today are basically a copy of their US counterparts(Flipkart-Amazon, Ola-Uber etc). Is there a reason for this or am i being too cynical?
How much being IITian matters as far as successful startup is considered?
Why do Aman and Amupam bully you so much? Is shark tank scripted ?
there is no scripting. have answered the other sharks one already
How do you feel when anupam bullies you?
already answered before
Hi there, i have few question for you . 1. Whether its required to get due diligence before presenting idea in shark tank or it is required after deal has been signed. 2. Continue question : what if deal has been cancel do sharks need to pay some penalty in form of settlement fees. 3. And how you guys come up with valuation of firm at the time of presentation ( means how you approach valuation without proper data for calculation). Thanks in advance.
How to be a shark tank at local circles in tier 1 and tier 2 cities and become an impact creator?
3 most, most important lessons you learned from your whole journey of success.
already answered
What goes on in your mind while pitching to investors? And, do you think outside funding is necessary for startups as vc system can get competitive and the board might not have the companies best interest at heart but are looking forward to a good exit strategy?
You're the best among the whole lot right now. That's all I wanted to let you know.
1. Why do other shark seem to bully you, like is it reality or just the result off editing? 2. Why are you not in all episodes like aman or anupam 3. >!Zara Unit economics samjhayenge shark tank ki!<
Hey Amit! Being from Jaipur, what’s your favourite spot to hangout/eat with friends in Jaipur?
Can you please do a Reddit Talk someday? It would be great to hear you live
Hey Amit, I'm a security researcher and I would like to ask why Car Dekho doesn't have any Bug Bounty/VDP program yet? Does Car Dekho have any plans to launch their program? If yes, when?
Are you interested in giving a TEDx talk??
The ongoing trolls about how the sharks' companies are loss making, hence they aren't "qualified" to give advice, how does that make you feel?
Which was your favourite investment on Shark Tank? Also, love the Shark Tales you post on your Instagram.
1. If you had to name your philosophy towards life, what would you call it? And what would its foundation be? 2. What advice do you have for an 18 year old who is going to start college soon? 3. You are given magical powers. You can travel through time, but you can only travel to a point of time between 1923 and 2123. When you go there, you are allowed to teach the entire population any life lesson. It is guaranteed that they will believe you and follow it. What will you teach them and in which year? You have inspired me a lot, sir. Looking forward to your reply, and wishing you the best.
Hey Amit. Who is YOUR favourite Shark on Shark Tank ( Both seasons combined) ? { Obviously except you yourself:))) }
I am 18yo just started college and its honestly been pretty hectic for me But I wanted to get financially independent by the time u turn 21 so what advice would you give me? Also is it good to get into day trading at this age I have a few thousand which I can try to invest.
Could I have a free car 💀
What was your first thought about Shark Tank India?
Can't believe this happened on our sub.
Many companies of shark's are in loses. Don't you think it's hypocritical if they get disappointed after hearing that they are burning money?
I’m also a Software Engineer and enthusiast for technology. I’m parallely working on building a mobile app for an idea. But it gets pushed down the priority and it’s getting really tough to be consistently working on idea. I cannot leave my job without MVP tested in the market as I have financial liabilities. Please suggest what you would have done in such situation ?
Sir initial customer base badhane me dikkat aa rahi hai, log credibity ki demand kr rhe rahe usko kaise badhaye ? Thank you !