Poshmark
Company type | Subsidiary |
---|---|
Industry | E-commerce |
Founded | May 10, 2011; 13 years ago (2011年05月10日) |
Founders |
|
Headquarters | Redwood City, California, US |
Revenue | Increase US262ドル million (2020)[1] |
Number of employees | c. 800 (2022)[2] |
Parent | Naver Corporation |
Website | poshmark |
Poshmark, Inc. is a social commerce 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 Redwood City, California, with offices in Canada (Vancouver), Australia (Melbourne), and India (Chennai). The company operates as an independent subsidiary of Naver Corporation since January 2023.Poshmark offers buyer protection policies to ensure safe transactions, but users are encouraged to review seller ratings and descriptions carefully to avoid potential issues.[3]
History
[edit ]Prior to Poshmark, Manish Chandra founded the social shopping company Kaboodle.[4] After selling Kaboodle to Hearst in 2007,[5] Poshmark was founded in 2011 by Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya in Manish’s garage.[6]
In November 2017, Poshmark announced that it had raised 87ドル.5 million in Series D funding, at a valuation of nearly 600ドル million, in venture-backed funding led by Singapore-based Temasek. Menlo Ventures, GGV Capital, Mayfield and others also participated, bringing their total to date to 160ドル million.[7]
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ドル billion selling clothing and accessories. Reuters reported that "much" of these earnings were "concentrated in a group of sellers making five, six and even seven figures" [8]
On January 14, 2021, Poshmark went public, at a valuation of over 3ドル billion, listed on the Nasdaq Stock Market under the symbol POSH.[9] In October 2021, Poshmark announced its first acquisition, Suede One, a platform for checking the authenticity of sneakers.[10]
In October 2022, South Korean internet conglomerate Naver Corporation agreed to buy Poshmark for a total enterprise value of US1ドル.2 billion.[11] The acquisition finalized in January 2023.[12]
International expansion
[edit ]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.[13]
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.[14]
References
[edit ]- ^ "Poshmark, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results". 11 March 2021.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2021年10月13日. Retrieved 2020年12月02日.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ "Is Poshmark Legit?". The Income Informer. March 2025. Retrieved March 6, 2025.
- ^ "Poshmark CEO Manish Chandra on engineering a fashion-tech unicorn". Vogue Business. 2019年06月11日. Retrieved 2022年08月27日.
- ^ "Hearst Acquires Kaboodle for 30ドル+ million". TechCrunch. Retrieved 2022年08月27日.
- ^ "Downloadable Assets". Poshmark PR. 2019年04月05日. Retrieved 2022年06月06日.
- ^ "Poshmark raises 87ドル.5 million Series D, eyes expansion". ZDNet. Retrieved 2022年06月06日.
- ^ "Online fashion marketplace Poshmark says its sellers have made 1ドル billion". Reuters. 2018年05月23日. Retrieved 2022年06月06日.
- ^ Palmer, Annie (2021年01月14日). "Online clothing reseller Poshmark closes up more than 140% on first day of trading". CNBC. Retrieved 2022年06月06日.
- ^ "Poshmark Buys Tech Platform to Boost Authentication Services". Bloomberg.com. 2021年10月13日. Retrieved 2022年08月27日.
- ^ Lee, Joyce (2022年10月03日). "South Korea's Naver buys U.S. Poshmark in 1ドル.2 billion deal, invites skepticism". Reuters .
- ^ Zaczkiewicz, Arthur (2023年01月05日). "Naver Wraps Up Poshmark Acquisition". Women's Wear Daily .
- ^ "Poshmark Canada Turns Two, a Report by Poshmark". blog.poshmark.com. 2021年05月26日. Retrieved 2022年06月06日.
- ^ "Poshmark Mulling Expansion to Europe Amid Growing Resale Market". Bloomberg.com. 2021年12月16日. Retrieved 2022年08月27日.
External links
[edit ]- Companies based in Redwood City, California
- American companies established in 2011
- Retail companies established in 2011
- Internet properties established in 2011
- 2011 establishments in California
- Online marketplaces of the United States
- 2021 initial public offerings
- Companies formerly listed on the Nasdaq
- 2023 mergers and acquisitions
- American subsidiaries of foreign companies