Shark Tank India 2: Flatheads founder Ganesh Balakrishnan, who declined Peyush Bansal's offer, reveals his inventory is 'sold out'

An entrepreneur who declined Peyush Bansal's offer in the most recent season of Shark Tank India claimed on LinkedIn that he had sold out all of his stock in the nation. The founder of Flatheads, Ganesh Balakrishnan, went on Shark Tank India season 2 to get money for his shoe business. Sharks and viewers recognised in him a "true" business mentality, and as a result, his pitch went viral on social media.

Balakrishnan, an IIT Bombay alumnus, founded three unsuccessful businesses. He started Flatheads in 2019, but the COVID-19 pandemic hurt how well his business did. The price of a single pair varies from Rs. 1,000 to Rs. 5,000, and the shoes are advertised as being made of breathable, sustainable materials.

Bansal made a 75 lakh rupee offer for 33% of the business, but Balakrishnan rejected it. Anupam Mittal, the creator of Shaadi.com, also provided him with a job opportunity.

Balakrishnan's pitch started trending on social media following the episode. The aspiring businessman from Bengaluru now says that his stock has "sold out," even though he doesn't have any working capital.

Balakrishnan wrote on LinkedIn that people should be understanding if their size isn't listed on www.flatheads.in because they are almost completely sold out in India. It would be wonderful for them if people could recommend their shoes to their friends in the US and the UAE.

One's self-confidence isn't exactly enhanced by crying on live television. It was encouraging for Balakrishnan to see that people are praising the entrepreneurial spirit of all company founders, using him as a proxy, which is something he absolutely didn't anticipate when the show was first broadcast.

Balakrishnan claimed that Peyush's no-nonsense attitude is popular with his 10-year-old daughter. The founder of Flatheads thanked each judge, like Anupam Mittal, Namita Thapar, Aman Gupta, Vineeta Singh, and Peyush Bansal, for helping him see things from a different point of view.