Amount Raised
$2 Million
Round Type
Seed
MumbaiE CommerceMarketplaceFashionRetailDescription
Sneaker reselling platform 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.Founded by 24-year old Vedant Lamba as a YouTube channel in 2017, 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.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:00/Duration 51:58Loaded: 0.65%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -51:58 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementIn an exclusive interaction with ET, 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”.Lamba said that the startup closed FY22-23 with Rs 24 crore in revenues, and is expecting to have a topline of Rs 100 crore in FY23-24. The company currently has two stores — one each in Delhi and Mumbai — and plans to add six more by the end of this year.“As a business, we’ve been bootstrapped from day 1. We had to be very creative when it came to scaling
Quick answer
Mainstreet Marketplace raised $2 Million in a Seed round, dated June 26, 2023. Mainstreet Marketplace is based in Mumbai, Maharashtra, India.
- How much did Mainstreet Marketplace raise?
- Mainstreet Marketplace raised $2 Million in a Seed round on June 26, 2023.
- What does Mainstreet Marketplace do?
- Mainstreet was conceived in early 2017 as we witnessed a potential growth in sneaker culture in India.
- Where is Mainstreet Marketplace based and how big is it?
- Mainstreet Marketplace is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at Mainstreet Marketplace?
- Fundz holds 1 contact at Mainstreet Marketplace. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Marketplace around the same time
Companies in the same sectors as Mainstreet Marketplace that raised within 45 days of this round, from Fundz verified event records.
- GoodBuy Gear raised $14M (Funding Round) on June 20, 2023.
- SKIMS raised $271M on July 7, 2023.
- Freakins raised $4M (Seed) on July 5, 2023.
- Ponto raised $2.6M (Seed) on June 30, 2023.
- ShopZetu raised an undisclosed amount (Pre-Seed) on June 27, 2023.
- Jaya Apparel Group raised an undisclosed amount (Private Equity) on June 21, 2023.
Who to call at Mainstreet Marketplace, and when
A new round usually means Mainstreet Marketplace is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mainstreet Marketplace raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mainstreet Marketplace, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Mainstreet Marketplace. With Fundz connected, it knows.
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Fundz sees it the moment Mainstreet Marketplace raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Mainstreet Marketplace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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