Poshmark, Inc. is a 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, with offices in Vancouver, Chennai and New York City. In January 2023, Poshmark was acquired by South Korea's Naver Corporation for US$1.2 billion.
History
Prior to Poshmark, Manish Chandra founded the social shopping company Kaboodle.[3] After selling Kaboodle to Hearst in 2007,[4] Poshmark was founded in 2011 by Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya in Manish’s garage.[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-based Temasek