Amit Jain studied civil engineering at IIT Delhi and worked at TCS and Trilogy as a product manager. With his brother Anurag he ran GirnarSoft, an IT consultancy in Jaipur.
In January 2008 the brothers visited the Delhi Auto Expo and decided car buying should be easier. CarDekho.com launched in March 2008. Early clients were won by phone and email, and the first client brought referrals. The consultancy kept paying the bills.
By January 2012 the site had 2.5 crore visitors. CarDekho bought Gaadi in 2014, Carmudi Philippines in 2019 and Revv in 2023. Ping An's fund put in 70 million dollars in December 2019 and LeapFrog led a 200 million dollar round in October 2021.
In September 2021 CarDekho closed more than 20 used-car stores to move to home inspections. FY25 consolidated revenue was 2,795 crore rupees, up 24 percent, with a consolidated loss of about 266 crore rupees. The company is unlisted and an IPO is planned.