Latest news with #ManishChandra
Yahoo
a day ago
- Business
- Yahoo
Poshmark co-founder steps away from CEO role
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Poshmark CEO Manish Chandra, who co-founded the fashion resale marketplace in 2011, is exiting as chief executive and will hold a strategic role on the board of directors, the company announced Monday. Poshmark named Namsun Kim, currently the executive chairman of its board, as its new CEO as of Oct. 1. Kim currently serves as the president of investments at Naver, Poshmark's parent company. He previously served as Naver's chief financial officer. Dive Insight: Over two years after Naver acquired Poshmark in a $1.2 billion deal, Naver has placed one of its own leaders at the helm of the online marketplace. Kim currently manages Naver's global strategic and venture capital investments, and became Poshmark's executive chairman in April to support its growth trajectory. The company credited Kim with helping the company 'strengthen Poshmark's operational efficiency and achieve business goals.' "I'm immensely proud of what we've accomplished together — the innovations we've introduced, the relationships we've built, and the impact we've made,' Chandra said in a statement. 'Since our partnership began almost four years ago, Namsun has had unwavering confidence in Poshmark's ability to achieve our ambitious goals and deliver enduring value to all stakeholders, and I have full confidence in his ability to lead Poshmark in this next chapter.' In the years following the Naver-Poshmark deal, the resale marketplace has invested in new tech features to support its sellers. In April 2023, Poshmark debuted its Posh Shows feature, enabling sellers to showcase their merchandise on livestreams. Poshmark has also deployed generative AI to help sellers craft product listings. With the Smart List AI tool, sellers can upload photos of their merchandise and edit an AI-generated description instead of writing their own. Similarly, e-commerce platforms such as Amazon and Depop have launched generative AI-powered product listing tools. Poshmark has also experimented with artificial intelligence tools for its customers. Months after releasing the Posh Shows feature, Poshmark introduced the Posh Lens tool, which allows shoppers to search for items using photos. The tool uses AI and visual search technology from Naver. Recommended Reading PetSmart taps former Foot Locker chief as CEO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Poshmark CEO and founder to step down
Fashion resale marketplace Poshmark announced on Monday that its founder, Manish Chandra, is stepping down as CEO. Namsun Kim, who has served as executive chairman since April, has been appointed as his successor. Chandra founded Poshmark in 2011 alongside his three co-founders in a garage in Silicon Valley. Under his leadership, the company went public, was acquired by Naver in 2022, and has grown to 150 million users to date. After nearly 15 years, he'll transition to being a member of the board of directors. In an email sent to users, Chandra wrote, 'Leading this company has been the greatest honor of my professional life. Every success we've achieved, every challenge we've overcome, has been because of you. It's been the privilege of a lifetime witnessing each of you grow, and it has truly inspired me every single day. From the bottom of my heart, thank you. For being the extraordinary community that you are, for your trust, your creativity, and for all the possibilities you continue to create together.' Kim comes from Naver, where he currently serves as president of investments. According to Chandra, Kim has been working with the founder since the beginning of this year to ensure the transition is 'as smooth as possible,' he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
3 days ago
- Business
- TechCrunch
Poshmark CEO and founder to step down
Fashion resale marketplace Poshmark announced on Monday that its founder, Manish Chandra, is stepping down as CEO. Namsun Kim, who has served as executive chairman since April, has been appointed as his successor. Chandra founded Poshmark in 2011 alongside his three co-founders in a garage in Silicon Valley. Under his leadership, the company went public, was acquired by Naver in 2022, and has grown to 150 million users to date. After nearly 15 years, he'll transition to being a member of the board of directors. In an email sent to users, Chandra wrote, 'Leading this company has been the greatest honor of my professional life. Every success we've achieved, every challenge we've overcome, has been because of you. It's been the privilege of a lifetime witnessing each of you grow, and it has truly inspired me every single day. From the bottom of my heart, thank you. For being the extraordinary community that you are, for your trust, your creativity, and for all the possibilities you continue to create together.' Kim comes from Naver, where he currently serves as president of investments. According to Chandra, Kim has been working with the founder since the beginning of this year to ensure the transition is 'as smooth as possible,' he said.
Time of India
31-05-2025
- Health
- Time of India
Bird Flu confirmed in Gorakhpur: Chicken shops to be shut for 21 days
Gorakhpur: Bird flu has been confirmed in five localities of Gorakhpur, prompting authorities to shut all live bird markets across the city for the next 21 days. The decision follows laboratory confirmation of avian influenza strains H5N1 and H9N2 in poultry samples collected from the affected areas, Gorakhpur administration informed. Samples were taken from birds in Jhungia Bazar, Aluminium Factory area, Taramandal, Bhagat Chauraha, and Shaheed Ashfaqullah Khan Zoological Park. These were sent to the National Institute of High Security Animal Diseases (NIHSAD), Bhopal, which confirmed the presence of the virus. In response, the Chief Veterinary Officer (CVO) has activated district-level rapid response teams. A control room has also been set up at the Sadar Veterinary Hospital under the supervision of Manish Chandra. Following the confirmation, additional municipal commissioner Nirankar Singh informed that as per Central Government guidelines, culling operations have begun within a 1-km radius of the infected zones. All live birds within this zone will be culled, and thorough disinfection drives are underway. The CVO has appealed to the public not to believe in rumours and to cooperate with the administration. Meanwhile, poultry samples from various farms sent to IVRI Izzatnagar, Bareilly, tested negative for bird flu. A total of 1,328 samples from Gorakhpur and 1,470 samples from the Gorakhpur-Basti division were tested during the surveillance exercise.
News18
21-05-2025
- Health
- News18
Indian Medical Tourism Companies Put Pakistani Cases On Hold, Cite National Interest After Operation Sindoor
Last Updated: Doctors believe that given the uncertainty, it may be in the best interest of patients to seek treatment in a country where long-term access is assured and travel is unhindered Three Pakistani children aged between three and eight, who were scheduled to undergo complex cardiac surgeries in India, will not be able to travel now following recent restrictions on medical visas for Pakistani nationals. Since 2010, a significant number of patients from Pakistan have travelled to India for critical organ transplants—particularly liver, heart, and lung procedures. These complex surgeries often represent a last resort, and many families have placed their trust in cross-border medical partnerships. However, the future of medical travel from Pakistan to India remains uncertain. After the April 22 terror attack in Pahalgam, India cancelled many visas issued to Pakistani nationals, including those for medical purposes. As of now, all new medical visas remain suspended. 'Three paediatric patients from Pakistan were scheduled to arrive for critical cardiac surgeries. These are highly sensitive and time-bound medical cases that require urgent intervention. However, as per the current government directives, medical visas for Pakistani nationals are being considered only on humanitarian grounds," Manish Chandra, co-founder of a medical tourism company, Vaidam Health, told News18. India has not announced a blanket suspension, but travel permissions are now handled case-by-case, keeping in view national interest and the evolving diplomatic situation. At this time, Chandra explained approvals are being granted exclusively for life-threatening conditions, such as complex paediatric heart surgeries. 'The situation continues to evolve, and we are working closely with all relevant authorities to ensure full compliance with the latest guidelines." While Indians are not dependent on Pakistan for medical needs, many Pakistanis have been coming to India for complex, time-sensitive procedures. The impact of the updated guidelines has also been felt in the transplant sector. Medical Linkers, a facilitator for international patients, confirmed that three transplant cases from Pakistan—two involving liver and one involving lung—have been put on hold. 'Two patients required liver transplants, and one was scheduled for a lung transplant. However, due to tightening visa restrictions and heightened cross-border tensions, Medical Linkers made the difficult yet responsible decision to temporarily suspend these cases," said Sonam Garg Sharma, founder of Medical Linkers. Three doctors News18 spoke to said they have been cancelling their surgeries or transplants due to the escalated tensions between two countries. 'As a doctor, my priority is to ensure timely and effective treatment for every patient, Indian or Pakistani. While I do take responsibility for recommending visa approvals in urgent cases, the current situation presents practical challenges," said an oncology specialist working in one of the largest hospital chains in India. 'Even if a transplant or critical procedure is completed here, patients often require multiple follow-up visits—something that may not be feasible under the present circumstances." He believes that given the uncertainty in bilateral relations, it may be in the best interest of these patients to seek treatment in a country where long-term access is assured and travel remains unhindered. Medical Tourism from Pakistan The incoming medical tourism from Pakistan has been on the decline due to stricter visa rules since 2016. Industry estimates show that over 1,670 medical visas were issued to Pakistanis in 2016. That number dropped significantly, with only 1,228 medical visas granted between 2019 and 2024. In detail: 550 visas in 2019, 97 in 2020, 96 in 2021, 145 in 2022, 111 in 2023, and 225 so far in 2024. According to a paper titled 'India-Pakistan Trade: Opportunities for Medical Value Travel," published in 2017, a large number of patients from Pakistan travel to India for treatment and surgeries. While Pakistan has been receiving patients from other South Asian countries, such as Bangladesh and Afghanistan, and patients of Pakistani origin from other countries, it does not receive any patients from India. The paper found that most patients from Pakistan come to Delhi-NCR because of a weekly Lahore-Delhi and Karachi-Delhi flight, but a small proportion also go to Bengaluru, Chennai, Mumbai and Kolkata. 'Even within Delhi-NCR, Pakistani patients visit only a limited number of hospitals. The patients come primarily for liver and kidney transplants, cardiac and infertility consultations." Nation Above Business Based on the current scenario, the Indian companies are committed to upholding the protocols outlined by the government of India. 'We are completely aligned with the nation's approach to medical diplomacy during sensitive times," Chandra from Vaidam Health said. Echoing the sentiment, Sharma from Medical Linkers believes that 'as healthcare professionals, empathy and care lie at the heart of everything we do. But there are rare moments when we are called to navigate a deeper responsibility, not just to our patients, but also to our nation". In such moments, Sharma said, 'When there is a clear distinction between what is difficult and what is right, we choose to stand by India and support and believe in the decisions of our government. This was not an easy call, but it is one made with integrity and conviction." First Published:
