Poshmark

Poshmark, Inc.

Company type	Subsidiary
Industry	E-commerce
Founded	May 10, 2011 (2011-05-10)
Founders	Manish Chandra Tracy Sun Chetan Pungaliya Gautam Golwala
Headquarters	Redwood City, California, U.S.
Revenue	US$262 million (2020)
Number of employees	c. 800 (2022)
Parent	Naver Corporation
Website	poshmark.com

Poshmark, Inc. operates as a social commerce platform specializing in the buying and selling of both new and pre-owned fashion, electronics, and home products. The marketplace boasts a community exceeding 80 million users with over 200 million active listings. Its corporate headquarters are situated in Redwood City, California, with additional offices located in Vancouver, Chennai, and New York City. In January 2023, South Korea’s Naver Corporation completed the acquisition of Poshmark for $1.2 billion.

History

Prior to launching Poshmark, Manish Chandra founded Kaboodle, a social shopping venture that was acquired by Hearst in 2007. In 2011, Chandra teamed up with Tracy Sun, Gautam Golwala, and Chetan Pungaliya to create Poshmark, initially operating out of Chandra’s garage.

In November 2017, the company raised $87.5 million during its Series D financing round led by Temasek from Singapore, which valued Poshmark close to $600 million. Additional investors such as Menlo Ventures, GGV Capital, and Mayfield Fund contributed to a total capital raise of $160 million.

By May 2018, sellers on the platform had collectively earned $1 billion from apparel and accessory sales. A notable share of these earnings came from top-performing sellers generating six- and seven-figure revenues.

Poshmark debuted on the Nasdaq stock exchange on January 14, 2021, achieving a market capitalization above $3 billion under the ticker symbol POSH. Later that year in October, it made its inaugural acquisition by purchasing Suede One, a company specializing in sneaker authentication.

In October 2022, Naver Corporation revealed plans to acquire Poshmark for $1.2 billion; the transaction was finalized in January 2023.

In August 2025, after leading the company for 15 years, co-founder and CEO Manish Chandra resigned from his executive role and transitioned to a strategic position on the board of directors.

International expansion

Poshmark initiated its global expansion efforts by entering the Canadian market in May 2019. By May 2021, the platform had attracted over 2.5 million Canadian users who listed inventory valued at nearly $500 million. In February 2021, Poshmark extended its reach to Australia as part of its strategy to grow within English-speaking countries and later expanded into India. The company has also explored opportunities for growth within European markets amidst an increasing worldwide interest in resale commerce.