In Shark Tank season 2 we will see Amit Jain taking over from Ashneer Grover as a Shark.
Here is a bit about him: (A Thread π§΅ππ»)
- After graduating from IIT Delhi, Amit Jain took up a job at TCS and Trilogy. However, in 2006, he had to leave his job to take care of his father's health.
- But after his father passed away, he and his brother Anurag Jain left the family business to start Girnarsoft, where they provided IT solutions.
- However, after being profitable for a year in 2009, they faced a loss of 1 crore, which led to them not being able to pay their employees' salaries.
- Then one day, while they were at an auto expo, they got the idea for an online portal for second-hand cars. They believed in the idea so much that despite the heavy losses, they started Cardekho within 2 weeks.
- Initially, with no marketing Cardekho became popular, and today it has more than 1 crore downloads on Play Store and App Store combined.
So yesterday CEO Sridhar Vembu announced that @Zoho has crossed $1 Billion in Annual revenue. It's big because it's an Indian company to do so.
Here's a short story about Zoho and why it has been able to cross the $1 Billion mark: ππ»π§΅
Sridhar Vembu and Tony Thomas started Zoho in 1996 but their real journey began in 2009 when they launched their first CRM software.
After entry into CRM, documents, and email marketing, Zoho faced big competitors like Google, Microsoft, and Hubspot but defeated them with 3 simple strategies: