EXCLUSIVE | CarDekho CEO Amit Jain's investment strategy in Shark Tank India: ‘Pehle Banda, Phir Dhandha’
CarDekho, is one of the judges on Shark Tank India Season 3. He spoke exclusively to LiveMint’s Sounak Mukhopadhyay on his philosophy, strategy and mission to build Bharat 2.0. As a seasoned investor and entrepreneur, my eagerness to nurture young talent and innovators, along with propagating an entrepreneurial mindset across India, has always been paramount.
Recognising that entrepreneurship has permeated every corner of the country, with nearly 50% of startups originating from Tier II & III cities, I viewed the Shark Tank opportunity as a chance to guide aspiring entrepreneurs and catalyse the development of a new Bharat while discovering promising businesses. Interestingly, most of the deal winners on Shark Tank did not hail from prestigious institutions like IITs and IIMs, underscoring the fact that entrepreneurial talent exists everywhere. My experience on the show has been truly enriching.
In each pitch session, I engage with entrepreneurs addressing real-world problems through their innovative solutions. Witnessing individuals build startups from Tier II and Tier III cities is both amazing and heartening, unlocking a new ecosystem and paving the way towards a New India. Drawing from my journey of building a conglomerate, I sought to give back to India by supporting other entrepreneurs.
As an entrepreneur who has been through the highs and lows of startup journeys, my advice to upcoming founders aspiring to pitch on Shark Tank would be: don't get swayed by funding alone, it's a milestone, not the final destination. Maintain your hunger and keep honing your product obsessively. Connect deeply with your users and communities to understand their needs.
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