Poshmark
Naver Corporation · United States
Poshmark is a US social commerce marketplace where people buy and sell new and secondhand fashion. It has been owned by South Korea's Naver Corporation since January 2023. It matters as one of the largest peer to peer fashion resale platforms in North America.
| Founded | 2011 |
|---|---|
| Founders | Manish Chandra, Tracy Sun, Chetan Pungaliya and Gautam Golwala |
| Owner | Naver Corporation (since January 2023) |
| Headquarters | Redwood City, California |
| Segment | Digital-native and DTC brands |
| Website | poshmark.com |
What is Poshmark?
Poshmark is a fashion resale marketplace built around a community of buyers and sellers and real time social features. According to Wikipedia it also covers home goods and electronics. The company reports more than 130 million community members and more than 350 million items sold, with over 10,000 brands represented.
History
Poshmark was founded in May 2011 by Manish Chandra, Tracy Sun, Chetan Pungaliya and Gautam Golwala, who say they were inspired by the potential of the iPhone 4 to connect people. It listed on Nasdaq under POSH in January 2021. In October 2022 Naver agreed to acquire it for an enterprise value of 1.2 billion US dollars, and the deal closed in January 2023.
Business model and distribution
The platform is a peer to peer marketplace operating through an app and website. Individual sellers list items, and the company says it has paid out 8 billion US dollars in seller earnings. It is headquartered in Redwood City, California, with offices in Vancouver, Chennai and New York City, according to Wikipedia.
Recent developments
- In October 2021 Poshmark acquired Suede One, a sneaker authentication platform.
- In August 2025 co-founder Manish Chandra stepped down as chief executive after 15 years and took a strategic role on the board.
Why it matters
Poshmark helped define social resale in the United States, and its acquisition by Naver shows the strategic interest of large internet groups in fashion resale.
Frequently asked questions
Who owns Poshmark?
Poshmark is owned by Naver Corporation of South Korea. Naver agreed to buy it in October 2022 for an enterprise value of 1.2 billion US dollars, and the deal closed in January 2023.
Who founded Poshmark?
Poshmark was founded in 2011 by Manish Chandra, Tracy Sun, Chetan Pungaliya and Gautam Golwala.
