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Founded Year

2011

Stage

Acq - P2P | Acquired

Total Raised

$153M

Revenue

$0000 

About Poshmark

Poshmark (NASDAQ: POSH) provides a social commerce marketplace where people can buy and sell new or used clothing, shoes, accessories, and home goods. It offers clothing and other accessories for men, women, kids, and home furnishing materials. It was founded in 2011 and is based in Redwood City, California. In January 2023 Poshmark was acquired by Naver.

Headquarters Location

203 Redwood Shores Parkway 8th Floor

Redwood City, California, 94065,

United States

650-262-4771

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ESPs containing Poshmark

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Fashion Tech

The peer-to-peer fashion resale marketplace market offers a dynamic platform for individuals to buy and sell pre-owned fashion items directly. These marketplaces provide an eco-friendly and cost-effective way for consumers to extend the lifecycle of their clothing and accessories. The market facilitates direct interactions between buyers and sellers, fostering a sense of community and trust. Busin…

Poshmark named as Leader among 15 other companies, including eBay, thredUP, and Vestiaire Collective.

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Research containing Poshmark

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Poshmark in 4 CB Insights research briefs, most recently on Dec 21, 2022.

Expert Collections containing Poshmark

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Poshmark is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

11,066 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).

T

Tech IPO Pipeline

568 items

Poshmark Patents

Poshmark has filed 5 patents.

The 3 most popular patent topics include:

  • graphical user interface elements
  • multiplexing
  • promotion and marketing communications
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/5/2020

3/1/2022

Social networking services, Publicly funded broadcasters, Promotion and marketing communications, Multiplexing, Graphical user interface elements

Grant

Application Date

6/5/2020

Grant Date

3/1/2022

Title

Related Topics

Social networking services, Publicly funded broadcasters, Promotion and marketing communications, Multiplexing, Graphical user interface elements

Status

Grant

Latest Poshmark News

India Social Commerce Market Intelligence and Future Growth Dynamics, 2020-2023 and 2024-2029: 50+ KPIs on End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics

Feb 16, 2024

Social commerce industry in India is expected to grow by 34.1% on annual basis to reach US$7.20 billion in 2024. The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 28.9% during 2024-2029. The social commerce GMV in the country will increase from US$5.37 billion in 2023 to reach US$25.69 billion by 2029. This report provides a detailed data centric analysis of social commerce industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics. The rising smartphone and internet penetration is driving the growth of the social commerce market. The trend is projected to continue further over the medium term in the Indian market. Factors like increasing consumption and income levels will also support the market growth in 2024. To tap into the growing sector, social commerce platforms are expected to increase their marketing spending over the medium term. Furthermore, firms are also expected to raise venture capital and private equity funding rounds to improve their offerings and create seamless shopping experiences for online buyers in India. In 2024, social commerce platforms are also projected to leverage artificial intelligence to drive business growth. Overall, the publisher maintains a positive growth outlook for the social commerce industry in India over the next three to four years. Social commerce startups are raising capital rounds to further improve their platform and enter new product categories Amid the strong growth in the sector and rising number of social commerce buyers, startups are raising funding to create seamless shopping experience, while also expanding and entering into new verticals. Woovly, for instance, announced that the firm had raised funding from investors like Sony Innovation Fund, ViNners, SOSV, and RTAF in November 2023. The firm, founded in 2020, has experienced strong growth in new user registration over the last few quarters. The startup, notably, claims that the user base has surged by 600% over the last 18 months, leading to November 2023. The growth has been attributed to micro and nano influencers. The short video content has also driven engagement on the platform, driving sales. Going forward, the firm is planning to expand its reach to more markets in India, while also entering into new product categories such as fashion, home decor, and other lifestyle categories. In India, Woovly is competing with major e-commerce platforms such as Myntra, Flipkart, and Amazon. From the short to medium-term perspective, the publisher expects more such startups to raise venture capital and private equity funding, driving the competitive landscape in the sector. Startups are leveraging artificial intelligence to gain market share in the fast-growing social commerce sector To drive better shopping experiences for online buyers, an increasing number of platforms are expected to embrace new-age technologies such as artificial intelligence in India. This trend will further support the growth of the social commerce industry over the medium term in the Indian market. Book My Makeup, an innovative social commerce startup, launched an AI-driven platform offering beauty services. Through new-age tech, the platform has introduced features like augmented reality makeup trials, customized beauty recommendations, and virtual consultations. These features are part of the firm's strategy to make beauty services more engaging, personalized, and convenient for users. Going forward, the publisher expects more such innovative startups to emerge in the Indian social commerce market. This will aid the competitive landscape in the sector, while also driving the growth of the industry over the next three to four years. Global social commerce platforms are shutting operations in India amid growing competition in the sector Although the market is poised to grow significantly over the next three to four years, competition in the sector has also surged substantially over the last 12 months. Consequently, global platforms are ceasing operations in India, while focusing more on their core markets. Poshmark, the social commerce platform acquired by Naver, announced that the firm is ceasing operations in India in October 2023. This comes at a time when the competitive landscape is growing rapidly. Alongside India, the firm also shut operations in other international markets like Australia and the United Kingdom. Poshmark revealed that it plans to focus on the core markets like the United States and Canada over the medium term. The firm, notably, expanded operations in India in 2021. The decision to exit the Indian and other markets is driven by the waning popularity, as the platform had less than 500,000 active users across these three international markets. With rising competition, more such global providers might exit the Indian market over the medium term, while increasing their investment in the core markets over the next three to four years. Reasons to buy In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2020-2029). Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors. Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry. Key Attributes:

Poshmark Frequently Asked Questions (FAQ)

  • When was Poshmark founded?

    Poshmark was founded in 2011.

  • Where is Poshmark's headquarters?

    Poshmark's headquarters is located at 203 Redwood Shores Parkway, Redwood City.

  • What is Poshmark's latest funding round?

    Poshmark's latest funding round is Acq - P2P.

  • How much did Poshmark raise?

    Poshmark raised a total of $153M.

  • Who are the investors of Poshmark?

    Investors of Poshmark include Naver, Uncork Capital, Mayfield, Inventus Capital Partners, Menlo Ventures and 19 more.

  • Who are Poshmark's competitors?

    Competitors of Poshmark include Wish, SHEIN, Vestiaire Collective, GoTrendier, Flyp and 7 more.

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Vinted operates as an online international customer-to-customer marketplace for second-hand fashion. It enables its users to sell and buy second-hand clothes and lifestyle items from each other. It was founded in 2008 and is based in San Francisco, California.

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LePrix

LePrix runs a company specifically dealing with pre-owned luxury items. The company offers a wide range of products including handbags, totes, jewelry, and accessories from top brands like Louis Vuitton, Chanel, Gucci, and more. LePrix primarily serves the retail industry, providing businesses with a platform to source pre-owned luxury items. LePrix was formerly known as SnobSwap. It was founded in 2013 and is based in Arlington, Virginia.

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