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In a May 22, 2018 interview with
Reuters, Poshmark's CEO and founder, Manish Chandra, stated that since Poshmark's launch, sellers on the website had earned $ 1 billion selling clothing and accessories. Reuters reported that "much" of these earnings were "concentrated in a group of sellers making
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Prior to
Poshmark, Manish Chandra founded the social shopping company Kaboodle. After selling Kaboodle to Hearst in 2007, Poshmark was founded in 2011 by Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya in Manish’s garage.
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In
February 2021, Poshmark announced its expansion to Australia as part of its strategy to drive long-term growth through international expansion, starting with English-speaking countries. It later expanded into India.
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Poshmark announced its first international expansion to Canada in May 2019. As of May 2021, there are over 2.5 million
Poshmark users in Canada who have listed nearly half a billion dollars worth of inventory.
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marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics. The platform has over 80 million users, with over 200M available listings. The company is headquartered in
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In
November 2017, Poshmark announced that it had raised $ 87.5 million in Series D funding, at a valuation of nearly $ 600 million, in venture-backed funding led by
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under the symbol POSH. In
October 2021, Poshmark announced its first acquisition, Suede One, a platform for checking the authenticity of sneakers.
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On
January 14, 2021, Poshmark went public, at a valuation of over $ 3 billion, listed on the
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448:"Online clothing reseller Poshmark closes up more than 140% on first day of trading"
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and others also participated, bringing their total to date to $ 160 million.
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422:"Online fashion marketplace Poshmark says its sellers have made $ 1 billion"
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564:"Poshmark Mulling Expansion to Europe Amid Growing Resale Market"
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agreed to buy
Poshmark for a total enterprise value of US$ 1.2
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billion. The acquisition finalized in
January 2023.
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In
October 2022, South Korean internet conglomerate
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349:"Hearst Acquires Kaboodle for $ 30+ million"
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308:: CS1 maint: archived copy as title (
519:"Naver Wraps Up Poshmark Acquisition"
621:Retail companies established in 2011
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216:five, six and even seven figures"
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206:GGV Capital
605:Categories
574:2022-08-27
549:2022-06-06
482:2022-08-27
457:2022-06-06
432:2022-06-06
407:2022-06-06
383:2022-06-06
358:2022-08-27
353:TechCrunch
334:2022-08-27
295:2020-12-02
251:References
130: 800
64:2011-05-10
48:E-commerce
38:Subsidiary
194:Singapore
81:Tracy Sun
593:poshmark
304:cite web
210:Mayfield
165:Poshmark
154:poshmark
72:Founders
44:Industry
503:Reuters
426:Reuters
198:Temasek
196:-based
184:History
149:Website
106:Revenue
62: (
54:Founded
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138:Parent
132:(2022)
402:ZDNet
289:(PDF)
282:(PDF)
167:is a
595:.com
452:CNBC
310:link
156:.com
101:, US
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
