According to Vedant Lamba, his company successfully sold a pair of Jordans for Rs 13 lakh, resulting in a commission of Rs 2 lakh.
In India, numerous entrepreneurs have achieved remarkable success by building their businesses from the ground up. Vedant Lamba stands as an exemplary individual in this regard, as he initiated his journey by establishing a YouTube channel named Mainstreet TV back in 2017.
At the age of 24, the entrepreneur transformed his YouTube channel, Mainstreet TV, into a successful enterprise known as Mainstreet Marketplace. Specializing in reselling premium sneakers and streetwear apparel, the company has achieved notable milestones. According to the entrepreneur, Mainstreet Marketplace even sold a pair of Jordans for Rs 13 lakh, earning a commission of Rs 2 lakh. Notable brands available through the company include Yeezy, Jordan, Adidas, Nike, and Drewhouse.
Despite being a school dropout, Lamba’s journey is captivating. He attended St Mary’s School in Pune from 2005 to 2010. Presently, Mainstreet Marketplace operates two stores, one in Delhi and the other in Mumbai. The Delhi store, spanning an impressive 1,600 square feet, is recognized as Asia’s largest sneaker resale store. With ambitious plans for expansion, the company aims to establish six additional stores by 2023. Lamba’s YouTube channel boasts 101K subscribers, while his Instagram account, where he shares regular updates, enjoys a following of 32.1K.
According to a report by ET, Mainstreet Marketplace recently concluded a seed funding round amounting to USD 2 million (approximately Rs 16 crore). The funding came from a diverse group of investors, including Zomato CEO Deepinder Goyal’s First Lap LLP, Zerodha co-founder Nikhil Kamath, and Abhijeet Pai’s venture fund Gruhas Proptech. It is worth noting that Mainstreet Marketplace had previously raised pre-seed funding of around USD 125,000 (approximately Rs 1 crore) from angel investors, which included Kunal Shah, the founder of Cred.