US reselling marketplace Poshmark launches in Australia
Poshmark founders (L-R) Chetan Pungaliya, Tracy Sun, Manish Chandra and Gautam Golwala. Source: Poshmark/Jen Kay
Fast-growing secondhand marketplace Poshmark is making a play for a piece of Australia’s accelerating e-commerce market, one month after listing on the Nasdaq.
The resale platform launched its Australian offering earlier this week, marking its first expansion beyond North America.
Poshmark sells both new and secondhand products across a number of categories, including fashion, beauty, pet accessories, and lifestyle and homewares.
The e-commerce player was established in California in 2011 and expanded to Canada in mid-2019.
It went public in January and is currently valued at US$5 billion ($6.4 billion), with a userbase of 70 million in the US and Canada.