Shark Tank India 2’s Amit Jain Recalls Going Bankrupt Due To Bad Investments; Says, ‘It Was A Big Loss But We Build It Up Again’
During a recent interview, Amit Jain opened up about being a part of Shark Tank India season 2 and recalled a time when his company went bankrupt due to bad investments
Shark Tank India 2’s newest addition Amit Jain, co-founder of CarDekho, has been enjoying his stint as the judge in the show. Recently during his interview, the entrepreneur opened up about his journey, his experience on the show and recalling a time when his company went bankrupt due to bad investments. He also opened up about watching the first season and how it is different from the current one.
Talking about his career journey, Amit revealed that he started CarDekho with his brother after their father’s death. Recalling the time they went bankrupt due to bad investments, he told Indian Express, “We lost more than Rs 1.5 crore on shares and were bankrupt. Of course, it was a big loss but we knew that we have hands and brains, so we will build it up again.” ALSO READ: Shark Tank India 2: Aman Gupta Takes Subtle Digs At Fellow Judge Amit Jain During The Recent Episode; Says, ‘Aap Bas Dekhte Rehte Ho, Offer Nahi Dete’
Having been in the industry for more than 15 years now, the new shark opened up about the importance of reaching out to the audience and helping out young businesses. Sharing how being a part of the show has helped him and his brand reach out to people, Amit revealed it was time for him to give back. He further said, “I must also add that through Shark Tank India, I got to learn so much. I never thought there could be businesses in certain categories. And how one can grow it without any prior funding.” ALSO READ: Shark Tank India 2: Anupam Mittal Criticizes Blue Tea Brand Pitchers For Giving Wrong Information; Says, ‘You Are Doing Gimmickry’
Amit shared that one of his favourite pitches from the last season was of an aachar company run by a pair of sister-in-laws. He said, “I was amazed at the kind of pitches that we saw last year. Also, there were so many emotions involved in their companies. I remember how this bhabhi-nanad jodi started an aachar company (Jha Ji) right from their home. The innovation and the passion were something never-seen-before. Also, they actually found some problems at the root and solved them. The hustling is so inspiring.”
When asked if he has struck a chord with the other sharks, Jain said, “We are not here to make friends, we are all sharks on this show. However, I never felt different. It was quite a normal experience, and we all had good fun.”
Talking about the show, the show is the Indian franchise of the American show of the same name, where known entrepreneurs listen to different business ideas and decide whether or not they want to invest in those ideas.
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