Depop is a peer-to-peer online marketplace for fashion where users buy, sell, and discover unique items such as vintage pieces, streetwear, sneakers, and designer pieces. Items are listed by users who set prices and descriptions; buyers purchase through the platform, and Depop earns revenue by taking a commission on each sale. The product works through user-generated listings, a social-feel interface with following and messaging, and a payments process that handles transactions. Depop differentiates itself from competitors by targeting a young, fashion-forward audience with a strong emphasis on sustainability, second-hand items, and community engagement, along with a marketplace that blends social discovery with shopping for both well-known brands and independent designers. Its goal is to grow a global, diverse fashion ecosystem where people can easily buy and sell unique, sustainable clothing items while connecting with others who share interest in fashion.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$100.1M
Headquarters
London, United Kingdom
Founded
2011
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