Ganesh Balakrishnan sought an investment of Rs 75 lakh for a 3% stake in his company.
New Delhi:
The second season of Shark Tank India is witnessing many entrepreneurs pitching their innovative business ideas to secure major investments Shark Tank is a reality show where startups seek investment from established entrepreneurs.
In the last episode of the reality show, the emotional story of an entrepreneur won the show not only from the judges but also from the audience.
Ganesh Balakrishnan, founder of footwear brand ‘Flatheads’, sought an investment of Rs 75 lakh for a 3% stake in his company.
Will the sharks 🦈 invest? #flatheads?
caught #SharkTankSeason2 Every Mon-Fri at 9pm only #SonyTVUK#Piyush Bansal#Vinita#Namitathapar#Anupamamittal#Amitjain#startups#SharkTank2OnSeason2pic.twitter.com/W0OgE1OVTM
— Sony TV UK (@sonytvuk) January 6, 2023
Asked about Flathead’s “numbers” in terms of sales and profits, Mr Balakrishnan said Flathead’s is currently facing a working capital constraint and its runway (how many months the business can operate before running out of money) is approx. Over he said, investment from Shark Tank is essential for the company to close.
He breaks down and says, “Self-doubt is natural in such a situation.”
Mr Balakrishnan’s determination to keep ‘Flatheads’ going has led Twitter users to admire his courage to admit on national television that his business was struggling as an entrepreneur.
One user tweeted, “We hear the underdog disruptive narrative of startups but there’s a side we don’t talk about – because we don’t want our idea of entrepreneurship.”
We hear the underdog disruptor narrative of startups but there’s an aspect we don’t talk about – because we don’t want our idea of entrepreneurship.
See why @flatheads_in Pitch tonight #SharkTankIndiaS2 – Nothing but respect pic.twitter.com/o30lE7Fs4h
— Kaushik Mukherjee (@kaushikmkj) January 6, 2023
“This #flatheads guy is so real and transparent with his stories and failures. It takes a lot of guts not to make it with business on national television,” another user said.
this #flatheads The man is so authentic and transparent with his stories and failures. It takes a lot of guts because you can’t make it with a business on national television.
— Sagar Khatri 🇮🇳 (@dssagar93) January 6, 2023
“If I don’t get investment today, I will look for a job because I don’t have money,” Mr Balakrishnan said in response to a question from shark Piyush Goyal whether he was looking for a job.
“Shark Tank is not just about investment, it’s about perspective,” says Anupam Mittal, founder of Shaadi.com. He even gave her an open offer for a job and admired her spirit of survival.
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