Poshmark
Poshmark is a social commerce marketplace for buying and selling new and second-hand fashion, home goods, and electronics.
Last updated August 26, 2026
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Overview
Poshmark is a social commerce marketplace that combines peer-to-peer resale with community features. Users create listings for new or second-hand merchandise, browse personalized feeds, follow sellers, share listings, participate in themed shopping events, and communicate through the platform. Although fashion has historically been the company’s core category, the marketplace also supports accessories, beauty products, home goods, and electronics. Its model is built around turning individual users into sellers while encouraging discovery and interaction in a format closer to a social network than a conventional classified-advertising site. The company was founded in 2011 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya. Chandra had previously founded Kaboodle, a social shopping company that was sold to Hearst in 2007. Poshmark began in Chandra’s garage and initially focused on making fashion resale accessible through mobile and social shopping tools. The platform’s community mechanics—such as following closets, sharing listings, commenting, and participating in virtual shopping events—were intended to make resale more engaging and help sellers reach buyers without building their own retail infrastructure. Poshmark expanded its seller and buyer base during the 2010s and raised venture funding from investors including Temasek, Menlo Ventures, GGV Capital, and Mayfield. In 2017, the company announced a Series D financing round of $87.5 million, bringing reported cumulative funding to approximately $160 million and placing its reported valuation near $600 million. By 2018, the company said that sellers had collectively earned $1 billion through the platform, although reporting indicated that earnings were concentrated among a subset of high-volume sellers. The business began international expansion with Canada in 2019, followed by Australia in 2021 and later India. These moves extended Poshmark’s marketplace model beyond the United States while retaining an emphasis on English-speaking and digitally connected consumer markets. The company also broadened its category coverage and acquired Suede One in 2021, a sneaker-authentication platform intended to support trust and authenticity in higher-value transactions. Poshmark became a public company on the Nasdaq Stock Market in January 2021 under the symbol POSH. Its public-market period was relatively brief. In October 2022, Naver Corporation agreed to acquire the company for a total enterprise value of approximately $1.2 billion, and the transaction was completed in January 2023. Following the acquisition, Poshmark became part of Naver’s broader internet and commerce portfolio while continuing to operate under its own brand. Poshmark’s marketplace proposition rests on convenience, community, access to resale inventory, and the possibility for individuals to monetize unwanted or underused goods. Its principal challenges include maintaining buyer and seller trust, controlling counterfeit and misrepresented merchandise, balancing seller economics with platform revenue, managing shipping and returns, and competing with other resale, social-commerce, and general e-commerce services. In August 2025, co-founder and longtime chief executive Manish Chandra stepped down from the CEO role and moved into a strategic position on Poshmark’s board, according to the supplied reference material.
History
Poshmark emerged from the earlier experience of co-founder Manish Chandra, who had created Kaboodle, a social shopping company later acquired by Hearst in 2007. In 2011, Chandra joined Tracy Sun, Gautam Golwala, and Chetan Pungaliya to establish Poshmark. The company began in Chandra’s garage with the goal of making fashion resale more social, mobile, and accessible to ordinary consumers. Rather than treating resale as a traditional classified marketplace, Poshmark developed a social-commerce structure. Sellers could create personal closets or storefronts, upload photographs and descriptions, follow other users, share listings, and participate in community shopping activities. Buyers could discover merchandise through a feed and interact with sellers, while the platform handled key parts of the transaction and shipping process. Fashion and accessories became the central categories, but the marketplace later expanded into beauty, home, and electronics. During the 2010s, Poshmark grew through a combination of community participation, mobile commerce, and the increasing popularity of second-hand fashion. In November 2017, it announced $87.5 million in Series D funding led by Temasek, with additional participation from Menlo Ventures, GGV Capital, Mayfield, and other investors. The financing reportedly brought cumulative funding to approximately $160 million and placed the company’s valuation near $600 million. In 2018, Poshmark stated that sellers had collectively earned $1 billion on the platform since its launch, although contemporary reporting noted that a significant portion of seller earnings was concentrated among a relatively small number of high-performing accounts. The company began international expansion in May 2019 with Canada. By 2021, the Canadian marketplace had more than 2.5 million users and substantial listed inventory, according to the supplied reference material. Poshmark subsequently announced expansion into Australia in February 2021 and later entered India. The international strategy initially emphasized English-speaking markets and was intended to provide additional long-term growth beyond the United States. Poshmark entered the public markets in January 2021, listing on Nasdaq under the ticker POSH at a valuation above $3 billion. Its first acquisition followed later that year when it purchased Suede One, a platform focused on sneaker authentication. The deal reflected the importance of trust, authenticity, and fraud prevention in resale categories where products can command high prices and buyers may have difficulty evaluating merchandise remotely. In October 2022, Naver Corporation agreed to acquire Poshmark for a reported total enterprise value of $1.2 billion. The transaction closed in January 2023, ending Poshmark’s period as an independently listed public company. The brand continued as a marketplace within Naver’s portfolio. In August 2025, co-founder and CEO Manish Chandra stepped down after 15 years leading the company and moved to a strategic board role. The supplied sources do not identify his successor. Poshmark’s development reflects the convergence of online resale, mobile marketplaces, influencer and community behavior, and circular-consumption trends. Its continuing business issues include marketplace liquidity, seller and buyer trust, counterfeit prevention, shipping economics, customer support, international execution, and competition from specialist resale platforms as well as broad e-commerce services.
- 2025
Founder transitions from CEO role
[1]Manish Chandra stepped down as chief executive and moved into a strategic board role.
- 2023
Acquisition closes
[1]Naver completed its acquisition of Poshmark, and Poshmark ceased to be an independently listed company.
- 2022
Naver announces acquisition
[1]Naver agreed to acquire Poshmark for approximately $1.2 billion in total enterprise value.
- 2021
Initial public offering
[1]Poshmark listed on Nasdaq under the ticker POSH.
- 2021
Suede One acquisition
[1]Poshmark acquired Suede One to support sneaker authentication.
- 2019
Canadian expansion
[1]Poshmark launched its first market outside the United States in Canada.
- 2017
Series D financing
[1]Poshmark announced an $87.5 million Series D round led by Temasek.
- 2011
Poshmark is founded
[1]Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya founded Poshmark in California.
- 2007
Kaboodle is sold to Hearst
[1]Before founding Poshmark, Manish Chandra’s earlier social-shopping company Kaboodle was acquired by Hearst.
Products and positioning
A community-oriented social commerce and resale marketplace that enables individuals and businesses to discover, buy, sell, and share fashion and other consumer goods.
E-commerce marketplace · 2011
Poshmark marketplace
The core Poshmark service is a peer-to-peer marketplace where users list, discover, buy, and sell new and second-hand goods. Fashion and accessories are its historic center, with additional categories including beauty, home goods, and electronics. The platform combines listing, discovery, social interaction, payment, and shipping features.
Social commerce · 2011
Poshmark social shopping features
Poshmark’s social layer allows users to follow sellers, share listings, comment, and organize their activity around personal closets and shopping events. These features are designed to increase discovery and repeat engagement rather than treating resale as a static classified-listing service.
Authentication and trust services · 2021
Poshmark sneaker-authentication offering
Poshmark expanded its capabilities for sneaker transactions through the acquisition of Suede One in 2021. The acquisition brought authentication technology and expertise intended to improve buyer confidence in higher-value footwear listings.
Brand decisions
2025
Chief executive transitionStrategyBackground
After leading the company from its founding, co-founder Manish Chandra transitioned away from day-to-day executive management.
Action taken
Chandra stepped down as CEO and moved into a strategic role on Poshmark’s board.
Aftermath
The supplied reference material does not identify the successor or provide further details about the operating impact.
2022
Agreement to be acquired by NaverM&ABackground
After a period as a public company, Poshmark agreed to join Naver’s broader internet and commerce portfolio.
Action taken
Naver agreed to acquire Poshmark for a total enterprise value of approximately $1.2 billion.
Aftermath
The transaction closed in January 2023, and Poshmark became privately owned by Naver.
Total enterprise value. $1.2 billion transaction value (Agreement announced October 2022; completed January 2023)
2021
Acquisition of Suede OneOtherBackground
Authentication and marketplace trust are important in sneaker resale, where counterfeit or inaccurately described products can create financial and reputational risk.
Action taken
Poshmark acquired Suede One, a platform focused on sneaker authentication.
Aftermath
The acquisition expanded Poshmark’s trust and authentication capabilities and was the company’s first reported acquisition.
2019
International expansion begins with CanadaStrategyBackground
Poshmark sought growth beyond the United States while applying its social-commerce model to additional digitally connected markets.
Action taken
The company launched its marketplace in Canada, its first international market.
Aftermath
The Canadian launch was followed by expansion into Australia in 2021 and later India.
Recent events
Poshmark launches targeted Australian campaign[3]
Reported:
Poshmark launched a targeted campaign in Australia featuring Serena Williams and inviting Australians to shop her closet through the app. Proceeds from the pop-up closet will go to the Black Dog Institute’s Aboriginal and Torres Strait Islander Lived Experience Centre.
Poshmark prices IPO at $42 per share[4]
Reported:
Poshmark priced its IPO at $42 per share, above its stated $35 to $39 range, and sold 6.6 million shares, raising gross proceeds of $277.2 million.
Sources4 sources
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