Chandra: Poshmark lost money on early orders by charging $5 for $10.50 shipping
Manish Chandra · Poshmark: Manish Chandra · Feb 26, 2024 · at 46:51
Manish Chandra, founder and CEO of Poshmark, discusses early shipping economics and operational losses.
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“We launched the app with five dollar shipping at that time, and our cost of shipping was turning out to be 10 dollars and 50 cents on an average. And so we were basically losing money left and right on every order.”
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