DawnTown Bags Seed Fund From Bollywood Actor Sanjay Dutt, Others
Sujit Jain, Managing Director, Netsurf Communications also participated in the seed round. The investment will be used to establish a physical retail presence in India and eventually its global expansion
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Sneakers marketplace startup called DawnTown on Tuesday secures USD 500K from Sujit Jain, Managing Director, Netsurf Communications and Bollywood actor Sanjay Dutt.
The investment will be used to establish a physical retail presence in India and eventually its global expansion
Founded during the pandemic, the sneaker marketplace has witnessed an upward surge as of 2022, especially amongst millennials.
The seed funding will further propel the growth plans of DawnTown. The company also plans to open multiple retail outlets in India to augment the offline sneakers shopping experience for its consumers.
On his investment in DawnTown, Sanjay Dutt commented, “I have always had a thing for cool shoes. Through the 90s, I was majorly into cowboy boots. After 2000s, sneakers became my thing. I was smitten by the make, designs, colours. I am so thrilled and excited to attach my name to a whole range that represents my love for sneakers. We plan to go wild with it and create groundbreaking products together. I can’t wait for the world to witness our range and join us!”
DawnTown founders, Risheek and Kushagra expressed, “Sneakers always excited us but before Dawntown we never knew how big the sneaker market already is and its getting bigger in the coming years. With this investment our major goal would be to set up our flagship store in Pali Hill, Mumbai, curate our inventory."