About
At Loop, we aim to revolutionize the subscription economy by allowing merchants to easily create, deploy and manage subscription products without writing any code. Using our subscription and payment solutions, merchants can easily manage recurring payments, future orders management, daily operations, customer-side subscription features and much more.
With Loop subscriptions, merchants can easily convert their customer's one-time purchases into flexible subscriptions and increase their revenues at no added cost. Currently, we have integrated loop subscriptions into the Shopify platform and have managed to get 1000+ installs within a month without any marketing spend.
We have raised our seed round with top angels in US and India and are hiring aggressively across product, content and growth roles. Anyone joining the company at this stage will be part of the core team and have a chance to get significant amount of company equity.
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Candid answers by the company
Loop is a next-generation subscription management platform exclusively built for Shopify stores.
We help DTC brands run a powerful subscription program that is designed to convert their existing customers into subscribers and reduce subscription cancellations.
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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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