Poshmark is a technology company.
Poshmark has raised $154.0M across 5 funding rounds.
Key people at Poshmark.
Poshmark was founded in 2011 by Manish Chandra (Founder & CEO).
Poshmark has raised $154.0M in total across 5 funding rounds.
Poshmark was founded in 2011 by Manish Chandra (Founder & CEO).
Poshmark has raised $154.0M in total across 5 funding rounds.
Poshmark's investors include Kevin Hartz, Acequia Capital, ACME Capital, Aleph VC, Andreessen Horowitz, Anorak Ventures, Atomic, Audrey Capital, Bessemer Venture Partners, Cota Capital, FirstMark Capital, Founders Circle Capital.
Key people at Poshmark.
Poshmark is a social commerce marketplace that enables users to buy and sell new and secondhand fashion, home goods, electronics, and more for women, men, kids, and pets.[1][2][4] It serves individual sellers and buyers worldwide, solving the problem of unused inventory in closets—where 85% of apparel often ends up in landfills—by turning personal wardrobes into trusted, boutique-like shops while fostering sustainable, community-driven shopping.[1][5] The platform combines the personal touch of in-person browsing with e-commerce scale, featuring simple tools like Posh Post shipping and secure payments, and has grown to over 80 million users with 200 million listings.[4] Its revenue comes from a 20% fee on sales over $15 or a flat $2.95 under that, powering strong network effects through active user growth.[3]
Poshmark was founded in December 2011 in a garage in Fremont, California (later headquartered in Redwood City), by Manish Chandra (CEO), Tracy Sun (SVP New Markets), Gautam Golwala (CTO), and Chetan Pungaliya (SVP Engineering).[1][3][4] Chandra, who grew up in Old Delhi, India, drew from his prior success with Kaboodle—a social shopping site sold to Hearst in 2007—and envisioned recreating the communal joy of shopping amid e-commerce's rise, especially with the iPhone 4 enabling mobile-first selling.[2][3][5] The idea emerged from recognizing locked-up closet inventory and the lack of social selling platforms, betting fully on mobile without a website or search at launch to prioritize discovery and interaction.[5] Early traction built through community events like PoshFest and seller earnings hitting $1 billion by 2018, culminating in a 2021 IPO at over $3 billion valuation before Naver's $1.2 billion acquisition in January 2023.[4]
Poshmark rides the resale and circular economy wave, capitalizing on sustainability demands as consumers shift from fast fashion to secondhand amid economic pressures and environmental awareness—unlocking billions in closet value while cutting landfill waste.[1][3][5] Timing aligned with mobile proliferation in 2011, enabling network effects in social commerce before it mainstreamed, and post-acquisition by Naver in 2023, it gains global tech muscle for expansion.[4][8] Market forces like e-commerce growth, live shopping trends, and international demand (e.g., Canada in 2019) favor it, influencing the ecosystem by proving community trumps inventory scale— inspiring platforms to prioritize user-generated content, authenticity tools (like 2021's Suede One acquisition), and seller empowerment.[2][3][4]
Poshmark's Naver backing positions it for accelerated international growth, deeper category expansion (beyond clothing/jewelry), and live shopping innovations to boost engagement.[3][8] Trends like AI-driven personalization, professional seller influx, and resale's projected boom will shape its path, potentially evolving from U.S.-centric fashion hub to global social commerce leader. As closets worldwide become boutiques, Poshmark exemplifies how technology revives shopping's social soul, sustaining fun amid e-commerce's scale.
Poshmark has raised $154.0M across 5 funding rounds. Most recently, it raised $88.0M Series D in November 2017.