Anurag Jain

Some Lesser Known Facts About Anurag Jain

• Anurag Jain is an Indian entrepreneur known for being the CEO and Co-founder of the CarDekho group. He is also the COO and Co-founder at Girnar Software.

• He started his career in 2002 when he joined i2 Technologies as a senior systems consultant. In 2006, he started working as a Senior Operations Research Analyst at Sabre Holdings. In 2006, his father fell ill due to which he and his brother left their jobs and moved back to their hometown to look after him. Initially, he worked in his father’s gemstone business. In 2006, he started a small office
  in his garage and worked on the software Girnar Software along with Amit. In 2008, Anurag and Amit established CarDekho when
  they attended the Auto Expo in New Delhi following which they developed the idea to establish a portal featuring reliable information for buying and selling used and new cars. Following the success of CarDekho, they established various other ventures like InsuranceDekho, BikeDekho, and CollegeDekho. Later, they also acquired Gaadi.com and Zigwheels.

• During the initial years of their venture, in 2009, they lost around Rs. 1 crore in stocks and were out of funds. They faced many difficulties initially, but in 2015, their venture CarDekho overgrew.

• In 2013, their company received funding from an American-based company, Sequoia Capital.

• In 2022, they started a new venture which lent people loans for purchasing old cars. In an interview, Anurag talked about this venture and said,
  

  For new cars, there are so many agencies for loans. But that was not the case for used cars. That gave us the idea of creating a platform with 15 agencies dealing with loans. At the back end, we tied up with banks and in the front, we joined hands with dealers. Earlier, the loan approval rate for used cars was 40 per cent. But with so many people to lend to, it shot up to 75 per cent. From 12-15 days approval, we reduced it to 3 days using technology.”