Depop Limited
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Depop Limited - overview
Established
2011
Location
Bristol, -, UK
Primary Industry
Internet
About
Based in London, UK, and established in 2011, Depop Ltd. offers a fashion marketplace application. The company was founded by Simon Beckerman as a social network and later re-envisioned the app as a marketplace and a mobile space. In June 2021, Etsy, Inc.
, a portfolio company of Accel, Index Ventures, Union Square Ventures, Acton Capital, Tiger Global Management, ESO Fund, and Burda Principal Investments, agreed to acquire Depop Limited from H-Farm, Balderton Capital, HV Capital, Red Circle Investments, Creandum, Lumar, Octopus Investments, TempoCap, Xempocap, General Atlantic for USD 1. 685 billion in cash. The company provides an online fashion marketplace application for Generation Z to buy, sell, and get inspired. The marketplace is for consumers to see what brands their friends and social influencers are liking, buying, and selling and vice versa.
It offers social connectivity and a vast inventory of original streetwear, independent brands, vintage designers, one-of-a-kind creations, and more. The application can be downloaded from the Apple store and from the Google Play store. The June 2021 acquisition will enable Etsy, Inc. help to leverage shared expertise and growth synergies across the house of brands portfolio of e-commerce brands.
Current Investors
Etsy, Inc., Creandum, Balderton Capital
Primary Industry
Internet
Sub Industries
Retail, Search Engines, Social Networking & Communication Platform, Web Applications
Website
www.depop.com
Verticals
E-commerce, Mobile Apps, Social Media
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Depop Limited - timeline of key events
Depop Limited - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 21,365,869 | 48,876,792 | 50,067,827 | - | - | - |
| % Revenue Growth (YoY) | - | 128.8% | 2.4% | - | - | - |
| EBITDA (USD) | (15,492,277) | 733,037 | (83,931,884) | - | - | - |
| Operating Income (USD) | (15,803,418) | 217,124 | (84,474,638) | - | - | - |
| Operating Margin | (74.0%) | 0.4% | (168.7%) | - | - | - |
| % EBITDA Margin | (72.5%) | 1.5% | (167.6%) | - | - | - |
| NET Income (USD) | (14,818,602) | 414,615 | (84,399,489) | - | - | - |
| % Net Margin | (69.4%) | 0.8% | (168.6%) | - | - | - |
Depop Limited - employee data
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