Poshmark, the pioneering social commerce marketplace for fashion, was founded and led by Manish Chandra from 2011 until October 2025. Over nearly 15 years as CEO, Chandra built Poshmark from a garage startup in Redwood City, California into the largest social marketplace for fashion with over 80 million users. He took the company public on the Nasdaq in January 2021 and navigated its $1.2 billion acquisition by South Korean internet giant Naver Corporation in January 2023. He stepped down on October 1, 2025, handing the reins to Namsun Kim after ensuring a smooth leadership transition.

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Manish Chandra – Quick Facts

Career Highlights

• Founded Poshmark (2011) – Built the largest social marketplace for fashion from a garage startup to 80+ million users
• Poshmark IPO (January 2021) – Took Poshmark public on Nasdaq; shares surged 141% on the first day of trading
• $1.2 Billion Naver Acquisition (January 2023) – Navigated the sale of Poshmark to South Korean internet conglomerate Naver Corporation
• Founded Kaboodle (2004) – Created one of the first social shopping platforms, acquired by Hearst Corporation in 2007
• Led Versata to IPO (2000) – Took enterprise software company public during the dot-com era
• IIT Kanpur Distinguished Alumni Award (2025) – Honored for contributions to entrepreneurship at the intersection of technology and community
• Silicon Valley Serial Entrepreneur – Three successful ventures spanning e-commerce, enterprise software, and social commerce

Manish Chandra – Career & Education

Manish Chandra is a serial entrepreneur and technology executive who spent nearly three decades building innovative companies in Silicon Valley. His career spans enterprise software, e-commerce, social shopping, and social commerce, culminating in his founding of Poshmark, the largest social marketplace for fashion.

Career Timeline

Chandra began his career at Sybase, a major enterprise database company, before joining Versata, where he held executive roles and helped lead the company to a successful IPO in 2000. After the dot-com bust, he turned his attention to consumer technology and social commerce.

In 2004, Chandra founded Kaboodle, one of the first social shopping platforms that allowed users to collect and share products from across the web. Kaboodle gained rapid traction and was acquired by Hearst Corporation in 2007, giving Chandra deep insight into how people discover and share products online.

Drawing on his experiences at Kaboodle and inspired by his wife’s overflowing shopping bags, Chandra co-founded Poshmark in 2011. The platform combined social networking with fashion resale, allowing millions of users to buy, sell, and share their personal style. Under Chandra’s leadership, Poshmark grew to over 80 million community members, went public in January 2021 with shares surging 141% on the first day of trading, and was ultimately acquired by Naver Corporation for $1.2 billion in January 2023.

Education

Chandra earned his BTech in Computer Science and Engineering from the prestigious Indian Institute of Technology (IIT) Kanpur in 1987. He went on to complete an MS in Computer Science at the University of Texas at Austin, followed by an Executive MBA from UC Berkeley’s Haas School of Business (Class of 1995). In 2025, IIT Kanpur honored him with the Distinguished Alumni Award for his contributions to entrepreneurship at the intersection of technology, sustainability, and community building.

Manish Chandra Net Worth 2026 – Poshmark CEO Salary

As of 2026, Manish Chandra’s net worth is estimated at approximately $30–50 million USD. This estimate accounts for his equity payout from the $1.2 billion Naver acquisition of Poshmark (Chandra held significant founder shares), as well as compensation accumulated during his tenure as CEO.

Poshmark CEO Compensation History

Poshmark Competitors

Poshmark operates in the competitive social commerce and fashion resale industry. Key competitors include:

• Mercari – Japanese marketplace for secondhand goods, major US competitor
• Depop – Gen-Z focused fashion marketplace (owned by Etsy)
• thredUP – Online consignment and thrift store for women’s and children’s fashion
• Vinted – European secondhand fashion marketplace expanding globally
• The RealReal – Luxury consignment marketplace for authenticated goods
• Vestiaire Collective – Global platform for pre-owned luxury fashion
• eBay – General marketplace with a large fashion resale segment
• Rebag – Luxury handbag and accessories resale platform

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Manish Chandra Wiki – Age, Family, & More

Manish Chandra (age approximately 58 as of 2026) grew up in India, where he spent time as a young boy in his grandfather’s store in a bustling marketplace — an experience he credits as a formative inspiration for creating Poshmark. He is married, though he keeps his family life private. In interviews, Chandra has shared that the original idea for Poshmark came from looking inside his wife’s closet at unopened shopping bags, which sparked the concept of a social marketplace where people could easily buy and sell fashion.

Chandra is known for his philosophy of building companies around love and community rather than pure profit. He has described Poshmark as “a company built on love” and emphasizes the power of human connection in commerce. His parents were key influences — his mother instilled a driven, hard-charging work ethic, while his father was responsible for his spirituality and focus on love.

Notable Achievements & Recognitions

• IIT Kanpur Distinguished Alumni Award (2025) – Honored for contributions to entrepreneurship at the intersection of technology and community
• Three Successful Ventures – Founded Kaboodle (acquired by Hearst), led Versata to IPO, and built Poshmark to $1.2B acquisition
• Poshmark IPO (January 2021) – Shares surged 141% on the first day of trading
• $1.2 Billion Exit – Navigated the sale of Poshmark to Naver Corporation
• 80+ Million Users – Built Poshmark into the largest social commerce marketplace for fashion
• Tech Diplomacy Global Mentor – Serves as a global mentor in the Tech Diplomacy network
• Milken Institute Speaker – Featured speaker at the Milken Institute Global Conference

Poshmark CEO Contact – Email Address

Below are the contact details for former Poshmark CEO Manish Chandra and current CEO Namsun Kim:

About Poshmark

Poshmark is a social commerce marketplace where users buy, sell, and share new and secondhand fashion, home goods, and electronics. Founded in 2011 by Manish Chandra in Redwood City, California, the platform grew to over 80 million users by combining the social experience of a fashion community with the convenience of online shopping. Sellers host virtual “Posh Parties” and curate their closets, while buyers discover items through a social feed, making Poshmark unique among resale platforms.

Poshmark went public on the Nasdaq in January 2021 under the ticker POSH. In October 2022, South Korean internet conglomerate Naver Corporation announced it would acquire Poshmark for $1.2 billion ($17.50 per share), and the deal closed in January 2023. Since the acquisition, Poshmark operates as a subsidiary of Naver and is no longer publicly traded.

Parent Company: Naver Corporation • Last Reported Revenue: ~$326 Million (FY2022) • Employees: ~800+ • Status: Private (delisted from Nasdaq)

Poshmark Leadership Transition (2025)

On August 11, 2025, Poshmark announced that founder Manish Chandra would step down as CEO effective October 1, 2025. Namsun Kim, who had been serving as Executive Chairman of Poshmark’s board since April 2025, was named as his successor.

Kim brings extensive financial and strategic experience from Naver Corporation, where he served as Chief Financial Officer (2022–2025) and led the acquisition of Poshmark. Prior to Naver, Kim oversaw Korea private equity investments for Macquarie Group and began his career as a corporate attorney at Cravath, Swaine & Moore LLP in New York. He holds a B.S. from Seoul National University and a J.D. from Harvard Law School.

Chandra transitioned to a strategic advisory role on Poshmark’s Board of Directors, ensuring continuity for the platform he built over 15 years.

Frequently Asked Questions (FAQ)

Who is the current CEO of Poshmark?

The current CEO of Poshmark is Namsun Kim, who assumed the role on October 1, 2025. Kim succeeded founder Manish Chandra, who led the company for nearly 15 years. Kim previously served as Executive Chairman of Poshmark and President of Investments at parent company Naver Corporation.

What is Manish Chandra’s net worth in 2026?

As of 2026, Manish Chandra’s net worth is estimated at approximately $30–50 million USD, primarily from his equity payout during Naver’s $1.2 billion acquisition of Poshmark in 2023 and accumulated compensation during his tenure as CEO.

Why did Manish Chandra leave Poshmark?

Chandra stepped down as CEO on October 1, 2025, after completing the integration of Poshmark into parent company Naver Corporation. He transitioned to a strategic advisory role on the Board of Directors, describing the handoff as a natural next step after 15 years of building the company.

Who founded Poshmark?

Poshmark was co-founded by Manish Chandra in 2011 in Redwood City, California. Other co-founders include Chetan Pungaliya, Gautam Golwala, and Tracy Sun. Chandra served as CEO from founding through October 2025.

Is Poshmark still publicly traded?

No, Poshmark is no longer publicly traded. It was delisted from Nasdaq after being acquired by South Korean internet conglomerate Naver Corporation for $1.2 billion in January 2023. Poshmark now operates as a wholly owned subsidiary of Naver.

What is Manish Chandra’s email address?

Manish Chandra can be reached at [email protected]. He is also active on Twitter/X at @marrc.

Article last updated: January 2026