How Poshmark’s Sellers Made $1 Billion Off The ‘Social Mall’

by MR Magazine Staff

Poshmark lives in a space between the slowly rising social commerce trend and the already-risen world of online marketplaces. The sellers-and-buyers platform operates primarily over mobile, and the company prides itself on a social shopping experience, where “seller stylists” and their customers form close personal relationships, and a sense of discovery reigns supreme. Founded in 2011 with a focus on women’s fashion, which has since expanded to men’s and kids categories as well, the company officially reached the $1 billion mark earlier this year — and there’s no plan of stopping anytime soon, according to CEO Manish Chandra. Read more at Retail Dive.