Tuesday, September 27, 2016

ENTREPRENEUR SPECIAL...... FOUNDER who failed, learned, and got back up on feet 1. MIHIR MOHAN

FOUNDER who failed, learned, and got back up on  feet 
1.MIHIR MOHAN

'Entrepreneurship keeps pulling you back'

Mihir Mohan along with Jyothsna Pattabiraman and Debasis Chakraborty set up unamia.com, an e-commerce kidswear startup in 2011. Despite raising $1.2 million from Prime Venture Partners and Blume Ventures, their cash needs were high. Further funding dried up and they decided to return the money and shut shop in 2014. Mohan took up a consulting job to repay his debts and has recently started Pitstop, a car service startup with seed funding from Myntra and Livspace founders.

"Our clothes were simple but stylish at affordable prices and adhered to international standards. We spent on branding because we were a private label. Being an e-commerce business, we had to maintain high inventory, which made things difficult. We were also a little late to the game, and players like FirstCry and Babyoye had established themselves. Success comes when one is at the right place at the right time. The biggest lesson I learnt was that it's the journey that matters. The relationships I built with investors are the best thing that happened to me. The fact that someone wants to back your idea is a big kick. I have no regrets and I'm back in the startup world. There is something about entrepreneurship that pulls you back into it."
Shalina PillaiAnand J&Ranjani Ayyar  |  TNN  | 

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