In the last episode of the program, Parul Gulati presented her hair extension firm, Nish Hair. She asked for Rs 1 crore for a 2% interest in the company. Aman Gupta and Vineeta Singh, both sharks, offered her the same amount in exchange for 3% equity, but Amit Jain opted to pay her the amount she sought. As a result, she embraced Amit’s offer.
Parul Gulati then resorted to Instagram to share her excitement and pride in her enterprise. In her tweet, Parul posted a photo of herself clutching a cheque and declared that her company had been valued at Rs. 50 crore. She also complimented shark Amit Jain, referring to him as a “hero.”
The Shark Tank In a candid interview, India’s winning competitor and founder of hair extension firm Nish, Parul Gulati, shared her entrepreneurial experience. However, there had been no red carpet for the entrepreneur who began her career in modeling and performing. According to Parul, the first phase of a business is extremely difficult for a woman. Nobody, even family, and friends take them seriously. Near and dear ones believe that-
“It’s a Hobby, will go away after a while.”
Friends will be grateful, but will not go above and above. Parul’s biggest challenge, in the beginning, was dealing with merchants. When a woman is in the queue, she is never taken seriously. But then she cheerfully acknowledges.
The adventure began in her living room with her mother and her sewing machine. Parul claims that since appearing on Shark Tank, people are more aware of the possibilities of her firm. They recognize it for what it is. Speaking of her experience on the famous reality program, the maverick creator claims that she never attended a business school.
How did Parul Gulati get the concept for her company? According to Parul
She mentions how tough the industry was back then. But then she was called in for an audition for a job that demanded long hair. She requested that the producing company pay for it, but they refused. She eventually began shopping for one online but was disappointed by the high prices. When this US brand hits India, it will cost around 40k.
Parul wished to provide gorgeous and fashionable hair extensions in 15K.
That is how nISH began, and she gradually realized that there is a demand for this product and a larger market.
Frequently Asked Questions (FAQ)
She is 31 years old right now.
Parul accepted Amit Jain’s offer of Rs 1 crore in exchange for 2% equity.
