Sneaker reseller Mainstreet Marketplace has closed a $2 million (around Rs 16 crore) seed funding round from a clutch of investors, including Zomato CEO Deepinder Goyal’s First Lap LLP, Zerodha co-founder Nikhil Kamath and Abhijeet Pai’s venture fund Gruhas Proptech, Udaan co-founder Sujeet Kumar, Spotify India MD Amarjit Singh Batra, and several other angel investors and social media influencers, according to ET report.
Founded by Vedant Lamba, Mainstreet Marketplace had last year raised pre-seed funding of around $1,25,000 (around Rs 1 crore) from angel investors, including Cred founder Kunal Shah.
Lamba said, “We’re deploying the funds towards hiring an experienced senior management team, expanding our brick-and-mortar presence in more cities, and building the quality of our customer experience”.
“As a business, we’ve been bootstrapped from day 1. We had to be very creative when it came to scaling. We never had any capital leverage’’, Lamba said. “This capital will help us scale by hiring more people, and increasing the quality of customer experience”.
“Consumption as a sector is something we are really bullish on. Often investing in a company is really investing in the person who runs the company. Vedant is not only one of the brightest young operators we have met in a long time, but also a friend. Excited to be on this journey with him’’, said Kamath.
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