TechCrunch

App downloads are key metrics for all mobile-focused startups, but not many early-stage companies in the space can cite revenue-generating figures alongside their user growth. But Poshmark, the mobile marketplace that lets women swap and sell items out of their own closets, says that over the past year it’s enjoyed a strong showing at both levels.

In an interview this past week, Poshmark CEO Manish Chandra told TechCrunch that his company’s app, which is currently available only on iOS devices in the United States, now has 250,000 women with active personal “boutiques” to sell items out of their own closets.

Those numbers are impressive, but the real power is in the transactions occurring within that user base: More than 1 million items have been sold on Poshmark since January 1st of this year, Chandra says. That puts Poshmark as a company on track to see 10X revenue growth year-over-year…

View original post 198 more words

Advertisements