Indian American-founded online marketplace Poshmark, based in Redwood City, California, recently filed to raise $100 million in an Initial Public Offering of its Class A common stock.
Co-founded and led by president and chief executive officer Manish Chandra, Poshmark is an online marketplace connecting buyers and sellers of clothing and related products.
The firm has developed a popular online marketplace for buying and selling apparel and related products, according to the companyâs profile.
Poshmark has grown quickly, and is producing profits and free cash flow, with the IPO anticipated to be in significant demand, according to expert reports.
The site acts as a form of social commerce, encouraging users to connect with each other in a safe manner for the sale of new and used apparel, accessories and other products.