Vedanta Lamba’s firm Mainstreet Marketplace additionally launched an offline retailer in Delhi.
Vedant Lamba’s story is exclusive. After college, he launched a YouTube channel known as Mainstreet TV. He developed the channel later right into a full-fledged begin up known as Mainstreet Marketplace. His firm has scored spectacular numbers over time. He resells sneakers.
He informed CNBC that he’s not the one one concerned on this enterprise. A variety of children aged 17-19 make lakhs of rupees promoting outdated sneakers. They begin the enterprise with Rs 20000 and make between Rs 3 lakh to Rs 10 lakh each month.
Lamba did not know a lot about sneakers when he was in school. However, on the age 16, he found this world by his YouTube channel.
In his first yr of operations, they did a sale of Rs 7 crore. Next month, he’ll do extra in only one month. They are hoping to cross gross sales of Rs 100 crore.
Lamba informed CNBC that sneakers at the moment are changing into a standing image. He targets GenZ and millennials along with his firm.
The youthful ones need Air Jordan 1. The older era likes Nike, Louis Vuitton Air Force 1.
He stated within the resale market, a sneaker value Rs 20000 can get you as a lot as Rs 2 lakh.
He stated that his firm as soon as offered a pair of Jordans for Rs 13 lakh they usually bought a fee of Rs 2 lakh. The market worth of the sneakers was simply Rs 1.5 lakh. Someone had purchased the par for Rs 7-8 lakh, offered to the corporate for Rs 10-11 lakh.
His firm has additionally launched an offline retailer in Delhi. The retailer is of the scale 1600 sq. foot in New Delhi. It is Asia’s largest sneaker resale retailer.
Vedanta had no faculty training. He as soon as tweeted that he was a high-school dropout. He studied in Pune’s St Mary’s School between 2005 and 2010.