Ganesh Balakrishnan, co-founder of Flatheads Footwear, appeared on the fifth episode of season two of ‘Shark Tank India’ to lift funds for his startup.
Buyers within the actuality TV present observed that Balakrishnan’s startup was struggling. The corporate’s funds dried up, co-founder Turk Balakrishnan moved on behind, and the enterprise capitalists identified that the 4Ps of selling (product, value, place, and promotion) have been misplaced.
A veteran businessman with over 20 years of expertise’s financing transfer takes an surprising flip when a shark reminds him of his duties to his household and 10-year-old daughter.
The IIT-IIM graduate broke down on nationwide tv.
Regardless of what occurred on the present, Balakrishnan took to LinkedIn to disclose that his 10-year-old daughter needs to be an entrepreneur.
At 10 years outdated, Balakrishnan Jr. had already begun her entrepreneurial journey. She was busy making a 2023 calendar together with her work and was taking pre-orders for a similar. The put up reads: “She is an artist and is taking pre-orders for her 2023 calendar created together with her work.”
The proud father went on to say that his daughter was a fan of the mindset of Lenskart founder Piyush Bansal. He additionally mentioned that she admires the cheerfulness and positivity of SUGAR Cosmetics founder Vineeta Singh. “She may be very proud that I used to be capable of get a suggestion from each of them,” he wrote in his letter.
Balakrishnan mentioned that whereas he was afraid to air the episode, he was inundated with folks’s messages praising entrepreneurship.
“Crashing on nationwide tv is not precisely nice for one’s self-confidence. What I positively did not count on was that the episode can be obtained the way in which it was, and it is very heartening to see folks applauding the entrepreneurial spirit — to all of the startup founders, with me as an agent,” Balakrishnan wrote.
He additionally thanked the Sharks for serving to him get some perspective. “Many due to Sharks Anupam Mittal, Aman Gupta, Vinita Singh, Piyush Bansal and Namita Thapar for serving to me get some perspective. And to Sony and Shark Tank India for giving them an opportunity to speak about entrepreneurship actually prefer it.”
“Most of all, 1,000,000 due to everybody on the market for all of the assist and love. It takes some effort to course of all of this, so please give me a while. I’ll reply to everybody as rapidly as I can,” he shared.
Balakrishnan additionally mentioned that shares of Flatheads sneakers in India had virtually run out after the present. We now have virtually bought out our inventory in India, so excuse us if you cannot discover your measurement on www.flatheads.in. It will be nice if you happen to may inform your mates within the US and UAE to strive our footwear.
Folks Group founder Anupam Mittal took to the skilled networking platform to want Balakrishnan luck and that your entire nation was rooting for him.
Balakrishnan replied to Mittal.
In his heat put up, the founding father of Shaadi.com mentioned that Balakrishnan taught everybody the ability of openness, honesty and acceptance. “I typically say that ‘entrepreneurship just isn’t a straight line’ and if you look again, the largest failures are essentially the most rewarding as a result of ‘success builds ego and failure builds character.’ I do know that as a result of I used to be there… not as soon as however twice… making it Large then I misplaced all of it… onwards and onwards,” he mentioned.
Balakrishnan thanked Mittal for that includes him within the present. “It was real and got here from the guts, and I used to be so touched by your gesture. When issues do not go your manner, you are likely to lose self-confidence, and I used to be in a weak state on the time. Your spontaneous provide gave me confidence that I may come again sturdy, even when issues weren’t going proper.” I am superb for the second. I’ll ceaselessly be grateful to you for that second.”
Regardless of his struggles, Balakrishnan’s entrepreneurial spirit lives on. His story is the story of each small businessman who fights towards the chances to maintain his dream alive.
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