Biography of Kishor Jairamka: Founder & CEO of Gavin Paris- Entrepreneur
Biography of Kishor Jairamka:
Kishor
Jairamka, a dynamic entrepreneur, embarked on his journey in the world of
fashion with the launch of Gavin Paris. Drawing inspiration from his family's
background in business, Kishor aimed to create a brand that resonated with the
youth and celebrated gender-neutral fashion. His passion for stylish yet
affordable clothing set the stage for a new venture.
Education
and Background
Kishor
studied at the University of Calcutta, where he graduated with a degree in
commerce. After completing his education, he initially worked in his family’s
packaged water business. However, he soon realized his desire to explore the
fashion industry, which led him to develop his own brand.
The Birth
of Gavin Paris
In February
2022, Kishor founded Gavin Paris, a unisex streetwear brand based in Kolkata.
The brand focuses on oversized, trendy clothing, aiming to provide stylish
options for fashion enthusiasts. Kishor's vision was to make high-quality
streetwear accessible to a wider audience, particularly the middle and lower
middle classes in India.
Commitment
to Local Manufacturing
A key
aspect of Gavin Paris is its commitment to local manufacturing. All products
are made in India, aligning with the government's "Make in India"
initiative. By supporting local artisans and manufacturers, Kishor aims to
contribute to the country’s economy while offering unique fashion options.
The Product
Range
Gavin Paris
offers a diverse range of streetwear, including oversized t-shirts, printed
shirts, co-ord sets, and polo t-shirts. Their designs are updated weekly,
ensuring that customers have access to the latest trends. This strategy not
only keeps the collection fresh but also attracts repeat buyers.
Success
Before Shark Tank
Before
appearing on Shark Tank India, Gavin Paris achieved remarkable success. By the
time of their pitch, the brand had sold 25,000 products, showcasing its rapid
growth and popularity in the market. This impressive sales record caught the
attention of investors and industry experts alike.
The Shark
Tank Pitch
Kishor and
his co-founder Ashutosh appeared on Shark Tank India Season 2, seeking an
investment of ₹50 lakhs for 5% equity, valuing the company at ₹10 crores.
During their pitch, they highlighted the brand's impressive sales figures and
strong gross margins, captivating the Sharks with their vision and creativity.
Positive
Feedback and Concerns
The Sharks
were generally impressed with Gavin Paris. Aman appreciated their designs, and
Vineeta noted the superior quality at affordable prices. However, concerns
arose regarding the company's equity structure and the roles of Kishor and
Ashutosh, particularly regarding how profits were shared.
Equity and
Partnerships
Kishor, who
owned 100% equity in the company, faced scrutiny over his partnership with
Ashutosh. While Kishor initially proposed a 90-10 equity split, Ashutosh was
content with a 10% share as he had not invested any capital. This dynamic
raised questions among the Sharks about the sustainability of their
partnership.
Biography of Kishor Jairamka: Founder & CEO of Gavin Paris- Entrepreneur/unisex streetwear brand/age/net worth/investor/startup/Gavin Paris story
The Sharks'
Withdrawal
As
discussions progressed, the Sharks began to withdraw from the deal. Anupam
expressed concern over Kishor’s inability to justify his decisions regarding
equity. Namita felt that the market was cluttered and doubted their
scalability. One by one, the Sharks exited the negotiations, urging Ashutosh to
reconsider his partnership terms.
Vineeta’s
Conditional Offer
Despite the
growing tension, Vineeta was willing to make a conditional offer. She proposed
an investment of ₹30 lakhs for 20% equity, but only if Kishor agreed to give
Ashutosh a significant share of the company. This offer highlighted the Sharks’
belief in the importance of fair equity distribution among co-founders.
Lessons
Learned
The pitch
on Shark Tank India not only showcased Gavin Paris but also illuminated the
complexities of entrepreneurship. Kishor learned valuable lessons about the
importance of equity sharing and the need for transparent partnerships in
business. The experience reinforced the idea that teamwork is vital for
success.
The Future
of Gavin Paris
Though they
did not secure an investment on the show, Kishor and Ashutosh remained
committed to growing Gavin Paris. With a strong foundation and a loyal customer
base, they aimed to expand their product offerings and increase their market
presence. Their dedication to quality and innovation sets the stage for future
success.
A Vision
for Gender-Neutral Fashion
Kishor’s
journey with Gavin Paris reflects a broader movement toward inclusive fashion.
By focusing on gender-neutral clothing and appealing to a diverse audience, he
is contributing to changing perceptions in the fashion industry. With a clear
vision and unwavering determination, Kishor Jairamka is poised to make a
lasting impact on the streetwear scene in India.
A timeline
of Kishor Jairamka's entrepreneurial journey with Gavin Paris:
2016 -
Kishor graduates from the University of Calcutta with a commerce degree.
2018 - He
begins working in his family's packaged water business.
2021 -
Kishor decides to pursue his passion for fashion and develops a plan for his
own brand.
February
2022 - Kishor launches Gavin Paris, a unisex streetwear brand in Kolkata.
2022 -
Gavin Paris emphasizes local manufacturing, supporting the "Make in
India" initiative.
2022 - The
brand rapidly grows, selling 25,000 products before appearing on Shark Tank.
2023 -
Kishor pitches Gavin Paris on Shark Tank India, seeking ₹50 lakhs for 5%
equity.
2023 -
Despite impressing the Sharks, Kishor faces concerns about equity structure,
leading to the withdrawal of investors.
2023 -
Vineeta offers a conditional investment of ₹30 lakhs for 20% equity, contingent
on fair equity distribution.
2024 -
Kishor and Ashutosh remain dedicated to expanding Gavin Paris, focusing on
gender-neutral fashion and market growth.
