Leading social marketplace connects closets across India to help millions of Indian consumers discover new trends and make money selling their style
REDWOOD CITY, Calif. — Sept. 15, 2021 — Poshmark, Inc. (Nasdaq: POSH), a leading social marketplace for new and pre-loved styles for women, men, kids, pets and home, today launched its simple, social and sustainable shopping experience in India. Starting today, Indian consumers will be able to join Poshmark’s booming community of more than 80 million users and a vibrant network of millions of shoppable closets to make money, save money, connect with others, and foster entrepreneurship.
Buyers will discover a highly engaging, interactive and social shopping experience that is curated and personalized by Poshmark’s seller community. As India’s first technology-advanced and truly social marketplace, Poshmark makes it simple and easy for anyone to sell items from their closet, enabled by a full suite of end-to-end seller tools and services, including seamless listing, merchandising, promotion, pricing, and shipping. It also offers fun and engaging social tools that include Posh Parties, Posh Stories, and Reposh, which makes it easy to re-sell items in just one click. In addition, Indian community members will benefit from Poshmark’s buyer protection and authentication services and PoshPost, Poshmark’s simple and easy shipping service.
“I am thrilled to launch Poshmark in India, one of the fastest-growing e-commerce markets in the world and a country with a vibrant culture of thrifting and appreciation for sustainability,” said Manish Chandra, founder and CEO of Poshmark. “As an Indian who grew up exploring the marketplaces of Old Delhi, I know firsthand how important it is to come together and connect as part of the shopping experience. I am confident that our social marketplace will resonate with Indian consumers and allow us to build a thriving and successful community here.”
Poshmark’s community-driven marketplace has quickly grown to reach an 80-million strong user base.
It recently expanded its community and strategy beyond North America, launching in Australia in February 2021. Poshmark began expanding outside of the United States in Canada in May 2019, and it now has a community of over 2.5 million Canadians who together have listed products with over half a billion dollars in value. Poshmark’s scalable model and infrastructure enables continued expansion to new countries and categories in the future.
About Poshmark, Inc.
Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of ecommerce, Poshmark makes buying and selling simple, social, and sustainable. Its community of more than 80 million registered users across the U.S., Canada, Australia, and India, is driving the future of commerce while promoting more sustainable consumption. For more information, please visit www.poshmark.com, and for company news and announcements, please visit investors.poshmark.com. You can also find Poshmark on Instagram, Facebook, Twitter, TikTok, Pinterest, YouTube, and Snapchat.