Ganesh Balakrishnan, co-founder of Flatheads Shoes, appeared on the fifth episode of “Shark Tank India” Season 2 to raise funds for his startup.
The investors in the reality TV show realized that Balakrishnan’s startup was in trouble. The company’s funds had dried up, founder Balakrishnan had left, and venture capitalists at the show pointed out that the startup’s 4Ps of marketing (product, price, place, and promotion) were misplaced.
When one of the sharks reminded him of his responsibilities to his family and 10-year-old daughter, the seasoned entrepreneur’s venture with more than 20 years of experience took an unexpected turn.
The IIT-IIM graduate failed on national television.
Despite what happened on the show, Balakrishnan took to LinkedIn to reveal that his 10-year-old daughter wants to be an entrepreneur.
Balakrishnan Jr. started his entrepreneurial journey at the age of 10. He was creating a 2023 calendar with his drawings and taking pre-orders for it. His post read: “He is an artist and is taking pre-orders for his 2023 calendar made with his drawings.”
The proud father went on to share that his daughter was a fan of Lenskart founder Piyush Bansal’s “no-nonsense mentality”. She also said that she admires the cheerfulness and positivity of SUGAR Cosmetics founder Vinta Singh. He wrote in his post: “He is extremely proud that I managed to get offers from both of them.”
Balakrishnan said that while he was dreading the episode airing, he was inundated with messages from people praising his entrepreneurial spirit.
“Breaking on national television isn’t exactly great for one’s confidence. What I definitely didn’t expect was for this episode to be received the way it has, and it’s heartening to see people cheering for the entrepreneur.” Balakrishnan wrote. The spirit of all startup founders, with me as a representative.
He also thanked the Sharks for helping him achieve a vision. “A big thank you to Sharks Anupam Mittal, Aman Gupta, Vineeta Singh, Peyush Bansal and Namita Thapar for helping me find a vision. And to Sony and Shark Tank India for giving founders like me a chance to really talk about entrepreneurship like,” he added.
“Most of all, a million thanks to everyone for all the support and love. It’s taking a bit of effort to process it all, so please give me time. I’ll get back to everyone as soon as I can,” she said. has been shared.
Balakrishnan also said that the stock of Flatheads sneakers in India is almost sold out after the exhibition. “We are almost sold out of our inventory in India so forgive us if you can’t find your size on www.flatheads.in. If you can tell your friends in the US and UAE to try our shoes It’s going to be amazing. Meanwhile, if you’re in the US, you can find Flatheads sneakers at Zappos, and if you’re in the UAE, we’re at Infinite Kart.
People’s Group founder Anupam Mittal took to the professional networking platform to wish Balakrishnan good luck and that the whole country is rooting for him.
Balakrishnan’s reply to Mittal.
In his heartwarming post, the Shaadi.com founder said that Balakrishnan taught everyone the power of openness, honesty and acceptance. “I often say ‘entrepreneurship is not a straight line’ and when you look back, it’s the biggest failures that are the most rewarding because ‘success builds the ego and failure builds the character’. I know because I’ve been there. Um… not once. But twice… made it big and then lost it all… onwards and upwards.”
Balakrishnan thanked Mittal for offering him the show. “It was genuine and from the heart, and I was very touched by your gesture. When things don’t go your way, you lose confidence and I was in a vulnerable position at the time. “Your spontaneous offer gave me the confidence that I could bounce back, even if the situation wasn’t great right now. I will always be grateful for that moment.”
Despite his struggles, Balakrishnan’s entrepreneurial spirit lives on. His story is the story of every small entrepreneur who fights against the odds to keep his dream alive.
What do you think of Balakrishnan’s first appearance on ‘Shark Tank India 2’? Let us know in the comments section.