Poshmark, Inc., a social marketplace for new and secondhand style for women, men, kids, pets, home and more, has announced plans to bring its shopping experience to India. By the end of this quarter, consumers in India will be able to join Poshmark’s community of millions of users in the U.S., Canada and Australia, according to a statement.
“Having roots deeply embedded in India, I am delighted to be bringing Poshmark to my home country,” said Manish Chandra, founder and CEO of Poshmark. “India is an ideal fit for our unique social commerce model, both from a cultural and business perspective — India thrives in togetherness, and the country’s dynamic, youthful and inherently social culture aligns with the core value proposition of our company and community. At the same time, the market opportunity is massive and growing, as people increasingly turn to ecommerce while seeking a more socially connected and sustainable experience. We look forward to empowering Indians of all ages and backgrounds to join us in an entirely new way to shop.”
The company also announced the appointment of two new leaders to support its global expansion: Ms. Sylvie De Wever, who joins as Poshmark’s first Vice President and General Manager of International, and Ms. Anuradha Balasubramanian, General Manager of Poshmark India.
“We are thrilled to welcome Sylvie and Anuradha to our team and have them spearhead our move into India,” said Chandra. “This expansion is so important to me personally, and I could not be more pleased and honored to have these two on board. They will play a critical role in scaling Poshmark’s social shopping community and redefining the future of shopping around the world.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.