Temasek Holdings to enter online fashion

Nov 16, 2017Updated Jun 4, 20251 min read

Singapore state investor Temasek Holdings has led a new round of equity funding for US second-hand fashion marketplace Poshmark.

Poshmark plans to use the cash to expand its footprint across Asia, broaden its product categories and develop data-driven shopping experiences. It will also introduce its voice-enabled Stylist Match service. Accessed via Amazon Alexa, this aims to offer shoppers a personalised experience through engaging with seller stylists on its platform.

Founded in 2011, Poshmark hosts about 5000 brands and sells up to 7 million items daily.

The latest funding round raised US$87.5 million, led by Temasek, with support from GGV Capital, Inventus Capital, Mayfield, Menlo Ventures, Uncork Capital and Union Grove Venture.

That takes the aggregate equity investment in the business to date to $160 million.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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