Mumbai-based Mainstreet Marketplace has raised $2 million (Rs 16 crore) in a seed funding round. The round witnessed the participation of Deepinder Goyal’s first lap LLP, Gruha’s Proptech, Sujeet Kumar, the founder of Udaan and multiple other investors and social media influencers. 

The funding will help the company to hire senior executive members to strengthen its leadership team. In addition to this, the company will also bolster its presence across the country. It also wants to develop the customer experience. 

Founded in 2017 as a youtube channel by Vedant Lamba, Mainstreet Marketplace offers footwear from multiple brands like Nike, Adidas, Yeezy, Supreme, and Drewhouse. According to a report by Entrackr, the company serves Bollywood celebrities like Ranbir Kapoor, Karan Johar, and Ranveer Singh as its clients. It later got transformed into an online marketplace. 

Prior to this, the company raised Rs 1.02 crore in a funding round in 2022 from several angel investors like Kunal Shah (CEO of CRED). 

“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 to The Economic Times (ET) in an exclusive interview. 

“This capital will help us scale by hiring more people, and increasing the quality of customer experience,” he added.