How Fashion Platform Poshmark Raised $87.5 Million
E-commerce continues to be the focal point of the retail industry. This year, e-commerce in the United States is estimated to surpass the $400 billion mark.
Poshmark is one of the largest social marketplaces for fashion, with over 2 million sellers using the site. Today it announced that it successfully raised $87.5 million in its Series D round of fundraising.
Manish Chandra, Founder and CEO of Poshmark, shares what he plans to use the capital for. He says that right now they are focused on continuing to expand the platform, but don't have any plans to go public quite yet.
Poshmark also announced new Amazon Alexa integration. Poshmark Stylist Match will connect users instantly with stylists on the platform.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
