Depop

Valuation $2B

About Depop

Depop provides a mobile application that allows users to buy, sell, discover, and explore various things.
Headquarters Depop, London
Founded 2011-11-01
Industry Android, E-Commerce, iOS, Marketplace, Mobile
Last Funding Type Non Equity Assistance
Valuation 2
Total Funding $105.63 million dollars
IPO Status Private

Financial

Depop may be growing as indicated by several strategic moves and market trends. The company has scrapped selling fees in the UK, which could potentially increase the number of users and listings on the platform, thereby boosting its market presence. Additionally, Depop has partnered with Sook to bring pop-up experiences to shopping centers, suggesting an expansion of its physical footprint and an innovative approach to retail. The broader market for secondhand clothing is also on track to take a significant share of global fashion sales, and Depop's alignment with this trend may contribute to its growth.

Depop has been highlighted in various news articles recently. A survey of 1300 buyers found that 32% experienced scams on secondhand marketplaces, including Depop. Additionally, a nursing student reported losing $4,000 to a scammer posing as a buyer on Depop. Furthermore, a Depop seller faced criticism on TikTok for inflating prices of vintage items, including a dress sold to a pop star.
Funding Rounds 7
Number of Lead Investors 7
Total Funding Amount  $105.63 million dollars
Number of Investors 12

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Lars Fjeldsoe-Nielsen
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