Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts.
With me this week on PowerTalk is the Manish Chandra, the founder and CEO of Poshmark. Over the last two years, Manish and his team have focused on women’s fashion and built a user friendly platform that has some women making thousands of dollars a month.
Recently Poshmark received a $12 million investment from venture capital firm Menlo Park Ventures. I suspect Menlo saw that Poshmark is tracking to have $350 million in inventory uploaded this year alone — that’s head and shoulders above the $100 million it was expecting.
That all sounds pretty good and after talking with Manish, it’s only going to get better because there are some big things planned for Poshmark in the months ahead. If you like buying designer brands online at Amazon.com (AMZN), Macy’s (M), Saks (SKS) or Nordstrom’s (JWN), wait until you hear what’s next for Poshmark.
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