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Poshmark
Poshmark is a social marketplace for fashion and home decor, co-founded by Manish Chandra in 2011 and acquired by Naver in 2022.
Poshmark
Poshmark was founded in 2011 by Manish Chandra, Chetan Pungaliya, Gautam Golwala, and Tracy Sun, inspired by the iPhone 4's potential for mobile commerce (per the firm). The company is headquartered in Redwood City, California. The platform operates as a peer-to-peer marketplace where sellers list items in less than 60 seconds using a mobile app. Poshmark generates revenue through transaction fees and offers services like Posh Authenticate for items over $500. Confirmed operations cover North America and Asia, with a presence in Singapore. Poshmark went public via IPO in January 2021 on Nasdaq under the ticker POSH. In October 2022, South Korean internet conglomerate Naver Corporation acquired Poshmark for $1.2 billion in cash, taking the company private (per Naver, October 2022). The company reports tens of millions of users, though precise AUM figures are not disclosed. A structural differentiator: Poshmark's model blends social engagement — themed Posh Parties and follower networks — with transactional commerce, creating a community-driven marketplace unusual among peer resale platforms.
General information
Firm type
Asset Manager
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Redwood City
Corporate office
203 Redwood Shores Pkwy, 8th Floor, Redwood City, CA 94065, United States
Principals
Manish Chandra
Co-Founder
Chetan Pungaliya
Co-Founder
Gautam Golwala
Co-Founder
Tracy Sun
Co-Founder
Sector focus
Frequently asked questions
Who founded Poshmark and when?
Poshmark was founded in 2011 by Manish Chandra, Chetan Pungaliya, Gautam Golwala, and Tracy Sun (per the firm).
What is Poshmark's business model?
Poshmark operates a peer-to-peer social marketplace where users list and sell fashion, home decor, and beauty items via a mobile app. Revenue comes from transaction fees, and it offers authentication services for items over $500.
Who owns Poshmark now?
In October 2022, South Korean internet company Naver Corporation acquired Poshmark for $1.2 billion in cash, taking the company private (per Naver, October 2022).
Where is Poshmark headquartered?
Poshmark's headquarters is at 203 Redwood Shores Pkwy, 8th Floor, Redwood City, California, United States.
Does Poshmark go by any alternative ticker or fund structure?
Poshmark was publicly traded on Nasdaq under the ticker POSH from January 2021 until its acquisition by Naver in October 2022. It is now a privately held subsidiary of Naver.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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