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Dhwani Rural Information Systems is a development-focused technology firm with a mission to equip organizations operating at the BoP level with information and communications technology (ICT) solutions that are smart, integrated, and inexpensive. They are a social impact initiative that is technology-driven. They provide organizations in the development sector and social entrepreneurs with the ability to successfully manage and monitor their programs by utilizing ICT and tech solutions.

Dhwani RIS was established in 2012 as a result of the underlying enthusiasm of the founders to harness the power of technology for the sake of social change. During one of Sunandan Madan and Swapnil Agarwal's internships at the Institute of Rural Management in Anand, the two founders of Dhwani came up with the concept that would eventually become the company. In the course of their close collaboration with rural NGOs and organizations functioning at the BoP level, they saw that these groups were still falling behind in terms of their technological adoption; hence, they identified a need.

The Story

Founded in 2011, Poshmark started with a simple yet powerful idea in Manish Chandra's garage. Along with co-founders Tracy Sun, Gautam Golwala, and Chetan Pungaliya, Chandra envisioned a platform that would revolutionize how people buy and sell fashion. The inspiration came from seeing the potential of the iPhone 4 to create meaningful connections in the shopping experience.

What They Do

Poshmark is not just another e-commerce platform – it's a social marketplace that brings together shopping and community. Think of it as a place where social media meets shopping, allowing users to buy, sell, and discover fashion, home goods, and accessories. With over 80 million users , the platform has become a go-to destination for both casual sellers and entrepreneurial individuals looking to build their own digital boutiques.

Growth & Achievements

• Started as a fashion-only platform and successfully expanded into home goods and electronics
• Raised over $160 million in venture funding
• Achieved a successful IPO in January 2021
• Recently launched innovative features like AI-powered visual search and livestream shopping
• Built a vibrant community of millions of buyers and sellers across the country

Today, under CEO Manish Chandra's leadership, Poshmark continues to innovate in the social commerce space, blending technology with community to create a unique shopping experience. The platform's success story is a testament to how combining social connections with commerce can create a powerful marketplace that resonates with modern consumers.

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