About Poshmark
Poshmark is a company based in Redwood City (United States) founded in 2011 by Chetan Pungaliya and Manish Chandra was acquired by NAVER in October 2022. Poshmark has raised $203 million across 6 funding rounds from investors including NAVER, Wellfound and Temasek. The company has 224 employees as of April 07, 2024. Poshmark has completed 2 acquisitions, including Suede One and TotSpot. Poshmark offers products and services including Poshmark App, Posh Authenticate, and Posh Parties. Poshmark operates in a competitive market with competitors including Nextdoor, Shareitt, Weqasa, SwapSwipe and DesAppGo, among others.
- Headquarter Redwood City, United States
- Employees 224 as on 07 Apr, 2024
- Founders Chetan Pungaliya, Manish Chandra
- Stage Public
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Poshmark India Private Limited
- Date of Incorporation 29 May, 2013
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$7.23 M (USD)38.75as on Mar 31, 2023
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Net Profit
$825.88 K (USD)31.71as on Mar 31, 2023
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EBITDA
$2.39 M (USD)201.8as on Mar 31, 2023
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Total Equity Funding
$203 M (USD)
in 6 rounds
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Latest Funding Round
$87.5 M (USD), Series E
Nov 14, 2017
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Investors
NAVER
& 11 more
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Employee Count
224
as on Apr 07, 2024
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Investments & Acquisitions
Suede One
& 1 more
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Acquired by
NAVER
(Oct 03, 2022)
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Products & Services of Poshmark
Poshmark offers a comprehensive portfolio of products and services, including Poshmark App, Posh Authenticate, and Posh Parties.
Mobile app for listing and purchasing resale items online
Free authentication and shipping for high-value items
Themed events to promote and discover listings
People of Poshmark
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Software Development Team
88 people
Sales and Marketing
26 people
Product Management Team
22 people
Data Analysis and Operations Team
19 people
Leadership Team
17 people
Seller Team
11 people
Operations Team
11 people
Senior Team
9 people
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Funding Insights of Poshmark
Poshmark has successfully raised a total of $203M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $87.5 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Poshmark
Poshmark has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include NAVER, Wellfound and Temasek.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Locked | Locked | Locked | |
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Mayfield is focused on AI innovation and venture capital investments.
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Locked | Locked | Locked | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Locked | Locked | Locked |
Investor details for Poshmark
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Poshmark
Poshmark has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Suede One and TotSpot.
Investment portfolio details for Poshmark
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- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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E-commerce support services are provided by Suede One to businesses.
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Locked | Locked | 2020 | Locked | |
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Kids' apparel is traded peer-to-peer via iOS app by parents.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Poshmark
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- Acquired stakes
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- Domains and locations
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Financial Statements - Poshmark
Detailed financials for Poshmark
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- Profit trends
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Poshmark Comparisons
Peer comparison for Poshmark
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Competitors of Poshmark
Poshmark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nextdoor, Shareitt, Weqasa, SwapSwipe and DesAppGo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Neighborhood connections are facilitated via social networking and local e-commerce.
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Multi-category pre-owned products are offered via an app-based marketplace.
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Operates an app-based marketplace for buying and selling multi-category used products.
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An app-based marketplace for multi-category pre-used products, fostering community trading.
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| Locked | Locked | Locked |
Operates an app-based community marketplace for pre-used products across categories.
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Detailed competitors of Poshmark
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- Full company profiles
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Latest news on Poshmark
Complete news archive for Poshmark
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Poshmark
Poshmark was founded in 2011.
Poshmark is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Manish Chandra is the current CEO of Poshmark. They have also founded this company.
Poshmark is a funded company, having raised a total of $203M across 6 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Poshmark is 224.
Annual revenue of Poshmark is $7.23M as on Mar 31, 2023.
Poshmark was founded in 2011 and is headquartered in Redwood City, United States. The platform operates as a social marketplace focused on e-commerce for second-hand goods across categories such as fashion, beauty, and home decor from various brands. Transactions are facilitated through a mobile application available for both Android and iOS devices, enabling users to buy and sell items within a community-driven environment.
Poshmark offers Poshmark App, Posh Authenticate, and Posh Parties.
Poshmark has 12 investors. Key investors include NAVER, Wellfound, Temasek, Mayfield, and Menlo Ventures.