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Poshmark
Fashion and home decor marketplace
- 1001+ employees
- B2C
- Marketplace
- Fashion
- Consumer Goods
- Redwood Shores, Redwood City, CA
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Company mission
To put people at the heart of commerce, empowering everyone to thrive.
-1% employee growth in 12 months
Our take
In a fast-fashion industry that accounts for roughly 9% of global greenhouse gas emissions and a third of microplastics in the oceans, more people are turning to secondhand clothing in an attempt to save money and practice better sustainability. The secondhand clothing market is projected to triple in value to $80 billion within the next 10 years.
Poshmark is a social marketplace for pre-owned clothing for women, men, children, and pets, allowing users to communicate, buy, and sell clothing. Marketed as a shopping destination for millennials, Poshmark’s has amassed over 200+ million items for sale.
The company has around 80 million users across North America and Australia. Poshmark is up against two behemoths in the secondhand fashion retail industry, eBay and Amazon, while Etsy and Tradesy are also well-known competition. The company went public in January 2021 with a valuation of $3 billion.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Fun company parties and offsite events
- Flexible vacation and paid time off
- 401K plan
- Learning and development for career growth
- Personal style encouraged (or not, whatever you're into.)
- Parental and family leave
- Health & wellness
- A comprehensive health care and benefit plan
- Remote work support
Company values
- Focus on people
- Together we grow
- Lead with love
- Embrace your weirdness
Funding (last 2 of 5 rounds)
Nov 2017
$87.5m
SERIES D
Apr 2016
$25m
SERIES D
Total funding: $153m
This company has top investors
Leadership
Manish Chandra
(CEO)Manish worked as a Software Engineer for Intel and Sybase for a combined 6 years, before working as VP of Marketing at Versant and Versata. He founded Kaboodle in 2005, before starting Poshmark with Tracy and Gautam in February 2011.
Tracy Sun
(SVP of Seller Experience)After undertaking Clinical Research at Columbia University, Tracy woorked for Canon as Business Strategy Manager for 2 years, before working at Brooklyn Industries in Merchandising. She left her role at Est. Today to co-found Poshmark.
Gautam Golwala
(CTO)Gautam studied at the University of Pennsylvania before working in Software Engineering and Architecture for over 7 years. Having spent 6 years as VP of Engineering at Kaboodle, he co-founded Poshmark in 2011.