Poshmark CFO to depart

Poshmark CFO Anan Kashyap is set to step down after five years with the company. His departure comes just after he helped the company go public. He is scheduled to depart in August following Poshmark’s second-quarter 10-Q filing. He will continue with the company in an advisory capacity until the end of 2021.

Poshmark is currently on the search for his successor. Kashyap was one of the people who spearheaded Poshmark’s IPO in January 2021, which saw the company’s valuation go from 1.25 billion dollars to 3.5 billion dollars.

Kashyap began his career as an analyst and first stepped into a leadership role when he was vice president of internet and new media investment banking at Deutsche Bank. He has been in the e-commerce sector in roles at Kayak and Grubhub. Poshmark was the third company he’s helped take public.

“I want to thank Anan for his leadership and contribution to Poshmark,” founder and CEO Manish Chandra said in a statement. “Since joining the company nearly five years ago, Anan has helped to transform Poshmark from a small and pioneering private company to a NASDAQ-listed public company that’s leading the future of shopping.”

Kashyap hasn’t been named to a new C-suite role, but he has joined the board of directors of e-commerce platform Snapcommerce. Snapcommerce describes itself as “a global message-driven commerce platform that uses AI to connect price-conscious consumers to the best promotions on mobile.”