The second season of Shark Tank India is witnessing many entrepreneurs pitching their new business ideas to get big investments. Shark Tank is a reality show where startups seek investment from established entrepreneurs.
In the last episode of the reality show, the judges of the show not only praised the story of an entrepreneur but also received recognition from the viewers.
Ganesh Balakrishnan, founder of footwear brand ‘Flatheads’, has sought an investment of Rs 75 lakh for a 3% stake in his company.
Will the shark spend money 🦈 #Flatheads?
— Sony TV UK (@sonytvuk) January 6, 2023
When asked about Flathead’s “numbers” in terms of sales and profitability, Mr. Balakrishnan said that Flatheads are currently facing working capital constraints and their route (the number of the number of months the company can continue to operate before running out of money) more. He said the investment from Shark Tank was necessary to stop the company from closing.
He panicked and said, “In such a situation, doubt is natural.”
Mr Balakrishnan’s determination to continue ‘Flatheads’ has prompted Twitter users to admire his entrepreneurial courage as he admitted on national television that his business was in trouble.
“We’ve heard the disruptive startup narrative but there’s one side we’re not talking about – because that’s not what we mean by business,” one user tweeted.
We hear stories about disruptive startups that don’t make sense but there’s a side we don’t talk about – because that’s not what entrepreneurship is all about.
— Kaushik Mukherjee (@kaushikmkj) January 6, 2023
“This #Flatheads guy is very honest and transparent about his stories and failures. Saying you can’t make it out of business on national TV takes a lot of guts,” another user said. .
that’s it #Flatheads Men are very honest and transparent about their stories and failures. Saying you can’t get out of the national television business takes guts.
— Sagar Khatri 🇮🇳 (@dssagar93) January 6, 2023
“If I don’t get the investment today, I will look for a job because I don’t have money,” Mr. Balakrishnan said in response to Shark Peyush Goyal’s question whether he was looking for a job.
Anupam Mittal, founder of Shaadi.com, says “Tank Shark is not just about investment but also about perspective.” He even gave him an open job offer and appreciated his spirit to live.
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