Flatheads
Bengaluru footwear brand making lightweight knit sneakers from natural materials.
FoundersGanesh Balakrishnan
Pitch & term sheet
Shark Tank India Season 2 · Episode 5 · Aired 6 Jan 2023 · Pitch #14
PitchedLightweight sustainable sneakers
Flatheads' founder pitched light, eco-friendly shoes while the business was short of working capital. He turned down a joint offer for a third of the company and a job offer from Anupam Mittal, and sold out his India stock after the episode aired.
Founders' ask
₹75 L
for 3% equity
Deal
No deal
Implied valuation
₹25 Cr
Based on the ask
Implied valuation is calculated by PitchBase Global as cash ÷ equity share and excludes debt. An offer accepted on television is subject to due diligence and may change or not close.
Sharks on the panel
Documented offers
- Declined
1.Peyush Bansal & Vineeta Singh
₹75 L for 33.3%
Company timeline
2019
Flatheads launched
6 Jan 2023
Pitched on Shark Tank India Season 2, episode 5
Declined an offer from Peyush Bansal and Vineeta Singh; inventory sold out after airing.
Founders & leadership
Ganesh Balakrishnan
Co-founder
Sources
- 1.Shark Tank India 2 effect on Flatheads: from no deal to sold out shoes
Business Today · Published 9 Jan 2023 · Accessed 21 Oct 2026
- 2.Flatheads 'sold out' in India after moving Shark Tank pitch by founder
afaqs! · Published 9 Jan 2023 · Accessed 21 Oct 2026
- 3.Flatheads official website
Flatheads · Accessed 21 Oct 2026
- 4.Refuses Shark Tank funding offer, but Ganesh Balakrishnan sells all Flatheads India stock
exchange4media · Published 9 Jan 2023 · Accessed 21 Oct 2026
- 5.Shark Tank India 2: Footwear startup founder spurns Mittal's job offer
IANSlife (IANS) · Accessed 21 Oct 2026
- 6.Shark Tank India Season 2 Episode 5 Recap and Review
LeisureByte · Published 7 Jan 2023 · Accessed 21 Oct 2026Recap blog / aggregator
- 7.Shark Tank India season 2
Wikipedia · Accessed 21 Oct 2026Encyclopedia (lead only)
Spotted something wrong?
Corrections with a source link are reviewed and applied to the dataset.