Poshmark Raises $87.5 Million
Walmart is entering the high-end fashion space! Yes....along with the discounted baby wipes and miscellaneous home items, you can now buy high-end clothing too! The giant retailer has partnered with Lord & Taylor, to create a premium fashion destination on Walmart.com that will launch in Spring of 2018! Poshmark raises $87.5 million dollars! The popular app for fashion consignment has raised $160 million dollars to date and says 1 in 50 women in America use Poshmark to sell their clothes and accessories. Poshmark has 25 million items on its easy to use platform! The Chicago based startup, FanFood is bringing app-based food ordering to live events! Gone are the days where you pay way too much money for a ticket at your favorite sporting event to stand in line and miss the action while you were ordering a beer. FanFood delivers your favorite beer and a ton of other snacks to you for a $1 to $3 dollars upcharge per item.
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