Poshmark, an American second-hand platform, enters the Asian market!

According to foreign media reports, Poshmark , headquartered in the United States, recently announced the launch of its social commerce platform in India . Previously, the platform has been mainly in the United States, Canada, and Australia. The general manager of Poshmark India said that India is their first market in Asia . India is culturally vibrant and believes that Poshmark will bring a good experience to local consumers in terms of social shopping and market environment .

She also added that if the price of the product listed by the seller is above 500 rupees ( including 500 rupees) , the platform will charge the seller a corresponding commission in the transaction . At the same time, Poshmark will provide platform members with buyer protection , certification services and transportation ( PoshPost ) and other services .

The picture comes from Poshmark official website

Poshmark founder Manish Chandra said that India is one of the fastest growing e-commerce markets in the world . The first phase of the company's current work is to build a community and lay a solid foundation , which will play an important role in Poshmark 's growth and profitability . He also said that the company has established effective processes to protect buyers and sellers and is creating a distributed market.

Poshmark was listed on the Nasdaq in January this year . The platform has more than 5,000 brands and more than 1.5 million sellers. The company mainly provides new and second-hand products for adults , children, pets and families. It is reported that its registered users in the United States, Canada and Australia have reached 80 million . Poshmark's social function enables consumers to clearly feel the difference between it and e-commerce platforms such as Amazon and eBay , and shopping methods have become diversified.

According to the company's financial report, Poshmark's business transaction volume in the second quarter reached $1.8 billion and will continue to grow in the future. As the fourth region for its business development , India has a promising market prospect and its business is being further refined, but the company has not yet disclosed the platform's criteria for selecting sellers and future market transaction targets.

In recent days, there has been constant news about second-hand resale platforms, and many foreign retailers have also begun to bet on the second-hand market. The emergence of second-hand fashion e-commerce platforms has given e-commerce platforms a new meaning. In addition to profitability, more concepts have been injected into them, such as environmental protection, saving, freedom, etc. These concepts are very popular among consumers, so the market prospects are good.

Poshmark

Second-hand platform

India