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Poshmark history
Poshmark company history timeline
The company was launched in 2011 by Manish Chandra.
The 39-year-old from Gainesville, Texas, started selling her used clothes on the app in December 2012.
Poshmark was founded in 2012 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya.
Launched in 2012, Vinted has over 25 million users and over a thousand brands listed on its app.
The company had 1,000 users in 2012, but they spent a lot of time on the app, opening it at least seven times a day for a total of 20 to 25 minutes.
The most notable Poshmark "feature" of 2013 wasn't actually in the app.
In 2014, as the customer base continued to grow, one of the largest problems facing the Poshmark ecosystem was effectively shipping goods.
Around the end of 2016, in a separate interview, Chandra noted in an Inc.com interview that roughly 10% of their total user base were "power users" that were seeing an average of 10 to 20 transactions a day, and netting $100,000 in revenue per year.
Poshmark Bots started beginning around 2016 as a way for many in the community to support the amount of effort needed to be a top sharer and seller on the platform.
On August 1, 2019, Poshmark released a statement that it had experienced a data breach.
On August 1, 2019, the company announced that it had been subject to a data breach impacting the personal and login information of its customers.
The company raked in $1 billion in sales for 2019 and currently has over five million users.
After a strong 2020, Poshmark is already looking to build on its previous success in the new year.
In 2020, Walmart partnered with the company to expand its fashion resale capabilities.
On January 14, 2021, Poshmark went public, at a valuation of over $3 billion, listed on the Nasdaq Stock Market under the symbol POSH.
In 2021, the company went public with shares soaring to 141% on the first day of trading.
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Poshmark competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Etsy | 2005 | $2.8B | 1,400 | 62 |
| Rent the Runway | 2009 | $298.2M | 1,800 | 50 |
| The Honest Company | 2011 | $378.3M | 187 | 12 |
| Stitch Fix | 2011 | $1.3B | 11,260 | 47 |
| Gilt | 2007 | $240.0M | 750 | - |
| Everlane | 2010 | $40.0M | 368 | 29 |
| Just Me | - | $710,000 | 10 | 27 |
| Monster Products | 1978 | $180.0M | 601 | 204 |
| imageQUEST | - | $8.0M | 41 | - |
| Mirth Corp | 1993 | - | 76 | - |
Poshmark history FAQs
Zippia gives an in-depth look into the details of Poshmark, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Poshmark. The employee data is based on information from people who have self-reported their past or current employments at Poshmark. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Poshmark. The data presented on this page does not represent the view of Poshmark and its employees or that of Zippia.
Poshmark may also be known as or be related to Poshmark, Poshmark Inc and Poshmark, Inc.