--- source_url: "https://en.wikipedia.org/wiki/Poshmark?utm_source=openai" title: Poshmark - Wikipedia mirrored_at: 2026-08-11T03:02:16.700Z host: en.wikipedia.org cited_in_42a: true mirror_canonical: "https://index.42a.ai/en.wikipedia.org/wiki/Poshmark__q__utm_source_openai" --- > **Original source:** https://en.wikipedia.org/wiki/Poshmark?utm_source=openai From Wikipedia, the free encyclopedia Poshmark, Inc. Type [Subsidiary](https://en.wikipedia.org/wiki/Subsidiary "Subsidiary") Industry [E-commerce](https://en.wikipedia.org/wiki/E-commerce "E-commerce") Founded May 10, 2011; 15 years ago Founders - Manish Chandra - Tracy Sun - Chetan Pungaliya - Gautam Golwala Headquarters [Redwood City, California](https://en.wikipedia.org/wiki/Redwood_City,_California "Redwood City, California"), U.S. Revenue ![Increase](https://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png?utm_source=en.wikipedia.org&utm_campaign=parser&utm_content=thumbnail) US$262 million (2020)[\[1\]](#cite_note-1) Number of employees c. 800 (2022)[\[2\]](#cite_note-2) [Parent](https://en.wikipedia.org/wiki/Parent_company "Parent company") [Naver Corporation](https://en.wikipedia.org/wiki/Naver_Corporation "Naver Corporation") Website [poshmark.com](https://poshmark.com/) **Poshmark, Inc.** is a [social commerce](https://en.wikipedia.org/wiki/Social_commerce "Social commerce") marketplace where users can buy and sell new and second-hand fashion, home goods, and electronics. The platform has over 80 million users, and more than 200 million available listings. The company is headquartered in [Redwood City, California](https://en.wikipedia.org/wiki/Redwood_City,_California "Redwood City, California"), with offices in [Vancouver](https://en.wikipedia.org/wiki/Vancouver "Vancouver"), [Chennai](https://en.wikipedia.org/wiki/Chennai "Chennai") and [New York City](https://en.wikipedia.org/wiki/New_York_City "New York City"). In January 2023, Poshmark was acquired by South Korea's [Naver Corporation](https://en.wikipedia.org/wiki/Naver_Corporation "Naver Corporation") for US$1.2 billion. Prior to Poshmark, Manish Chandra founded the social shopping company Kaboodle.[\[3\]](#cite_note-3) After selling Kaboodle to Hearst in 2007,[\[4\]](#cite_note-4) Poshmark was founded in 2011 by Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya in Manish’s garage.[\[5\]](#cite_note-5) 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 [Singapore](https://en.wikipedia.org/wiki/Singapore "Singapore")\-based [Temasek](https://en.wikipedia.org/wiki/Temasek_Holdings "Temasek Holdings"). Menlo Ventures, [GGV Capital](https://en.wikipedia.org/wiki/GGV_Capital "GGV Capital"), Mayfield and others also participated, bringing their total to date to $160 million.[\[6\]](#cite_note-6) 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 five, six and even seven figures" [\[7\]](#cite_note-7) On January 14, 2021, Poshmark went public, at a valuation of over $3 billion, listed on the [Nasdaq Stock Market](https://en.wikipedia.org/wiki/Nasdaq_Stock_Market "Nasdaq Stock Market") under the symbol POSH.[\[8\]](#cite_note-8) In October 2021, Poshmark announced its first acquisition, Suede One, a platform for checking the authenticity of sneakers.[\[9\]](#cite_note-9) In October 2022, South Korean internet conglomerate [Naver Corporation](https://en.wikipedia.org/wiki/Naver_Corporation "Naver Corporation") agreed to buy Poshmark for a total enterprise value of US$1.2 billion.[\[10\]](#cite_note-10) The acquisition finalized in January 2023.[\[11\]](#cite_note-11) In August 2025, co-founder and CEO Manish Chandra stepped down after 15 years leading the company. Chandra moved into a strategic role on Poshmark's board of directors.[\[12\]](#cite_note-12) ## International expansion \[[edit](https://en.wikipedia.org/w/index.php?title=Poshmark&action=edit§ion=2 "Edit section: International expansion")\] 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.[\[13\]](#cite_note-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.[\[14\]](#cite_note-14) 1. [↑](#cite_ref-1) ["Poshmark, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results"](https://www.globenewswire.com/news-release/2021/03/11/2191718/0/en/Poshmark-Inc-Reports-Fourth-Quarter-and-Full-Year-2020-Financial-Results.html). 11 March 2021. 2. [↑](#cite_ref-2) ["Archived copy"](https://web.archive.org/web/20211013173845/https://www.42.us.org/wp-content/uploads/2018/10/poshmarkPDF-2.pdf) (PDF). Archived from [the original](https://www.42.us.org/wp-content/uploads/2018/10/poshmarkPDF-2.pdf) (PDF) on 2021-10-13. Retrieved 2020-12-02.`{{[cite web](https://en.wikipedia.org/wiki/Template:Cite_web "Template:Cite web")}}`: CS1 maint: archived copy as title ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_archived_copy_as_title "Category:CS1 maint: archived copy as title")) 3. [↑](#cite_ref-3) ["Poshmark CEO Manish Chandra on engineering a fashion-tech unicorn"](https://www.voguebusiness.com/technology/poshmark-unicorn-ceo-manish-chandra-interview). _Vogue Business_. 2019-06-11. Retrieved 2022-08-27. 4. [↑](#cite_ref-4) ["Hearst Acquires Kaboodle for $30+ million"](https://techcrunch.com/2007/08/08/hearst-acquires-kaboodle-for-30-million/). _TechCrunch_. Retrieved 2022-08-27. 5. [↑](#cite_ref-5) ["Downloadable Assets"](https://newsroom.poshmark.com/downloadable-assets/). _Poshmark PR_. 2019-04-05. Retrieved 2022-06-06. 6. [↑](#cite_ref-6) ["Poshmark raises $87.5 million Series D, eyes expansion"](https://www.zdnet.com/article/poshmark-raises-87-5-million-series-d-eyes-expansion/). _ZDNet_. Retrieved 2022-06-06. 7. [↑](#cite_ref-7) ["Online fashion marketplace Poshmark says its sellers have made $1 billion"](https://www.reuters.com/article/us-startups-poshmark-idUSKCN1IO2C0). _Reuters_. 2018-05-23. Retrieved 2022-06-06. 8. [↑](#cite_ref-8) Palmer, Annie (2021-01-14). ["Online clothing reseller Poshmark closes up more than 140% on first day of trading"](https://www.cnbc.com/2021/01/14/poshmark-ipo-posh-starts-trading-on-nasdaq.html). _CNBC_. Retrieved 2022-06-06. 9. [↑](#cite_ref-9) ["Poshmark Buys Tech Platform to Boost Authentication Services"](https://www.bloomberg.com/news/articles/2021-10-13/poshmark-buys-tech-platform-to-expand-authentication-services). _Bloomberg.com_. 2021-10-13. Retrieved 2022-08-27. 10. [↑](#cite_ref-10) Lee, Joyce (2022-10-03). ["South Korea's Naver buys U.S. Poshmark in $1.2 billion deal, invites skepticism"](https://www.reuters.com/markets/deals/skoreas-naver-says-it-will-acquire-poshmark-us-16-bln-2022-10-03/). _[Reuters](https://en.wikipedia.org/wiki/Reuters "Reuters")_. 11. [↑](#cite_ref-11) Zaczkiewicz, Arthur (2023-01-05). ["Naver Wraps Up Poshmark Acquisition"](https://wwd.com/business-news/mergers-acquisitions/poshmark-acquisition-naver-1235461724/). _[Women's Wear Daily](https://en.wikipedia.org/wiki/Women's_Wear_Daily "Women's Wear Daily")_. 12. [↑](#cite_ref-12) ["Poshmark co-founder steps away from CEO role | Retail Dive"](https://www.retaildive.com/news/poshmark-founder-ceo-manish-chandra-steps-down/757448/). _www.retaildive.com_. Retrieved 2025-09-16. 13. [↑](#cite_ref-13) ["Poshmark Canada Turns Two, a Report by Poshmark"](https://blog.poshmark.com/2021/05/26/poshmark-canada-turns-two-a-report-by-poshmark/). _blog.poshmark.com_. 2021-05-26. Retrieved 2022-06-06. 14. [↑](#cite_ref-14) ["Poshmark Mulling Expansion to Europe Amid Growing Resale Market"](https://www.bloomberg.com/news/articles/2021-12-16/poshmark-mulling-expansion-to-europe-amid-growing-resale-market). _Bloomberg.com_. 2021-12-16. Retrieved 2022-08-27. - [poshmark.com](https://poshmark.com/)