Poshmark
Poshmark is an American fashion marketplace where individuals can shop, sell and share their style with each other in the United States. The company was started by Manish Chandra, GautamGolwala, Chetan Pungaliya, and Tracy Sun in 2011. The main mission of the founders behind starting this social marketplace was to make shopping easier and enjoyable by making a connection between the people who have alove for fashion. Presently, the company is based in Redwood City, California, United States. In the United States, it is the largest social marketplace for fashion and backed by some of the leading venture capital institutions, such as GGV Capital, SoftTech VC, Shea Ventures, Union Grove Venture Partners, Mayfield, Menlo Ventures, and AngelList.
Poshmark Business Operations
Along with their official website, the company operates mobile applications for both Android and iOS.
They offer a platform to the women through which they can buy products from other users and sell their clothing & accessories to them. Furthermore, they also add the option to shop & sell children & men’s clothes & accessories in 2016. As per 2013 report, there were around 1.5 million products sold by Poshmark in its marketplace. The top-selling brands were J.Crew, Coach, and Tory Burch. However, they sold products of many different brands, such as Chanel, The North Face, UGG, Hot Topic, Gucci, Supreme, Diane Von Furstenberg, Kylie Cosmetics, and many more.
Some of the main features of the company’s websites are free authentication, protected payments,and expedited shipping. The slogan of the company is “A completely new way to shop”.