Depop’s peer-to-peer online marketplace allows users to buy and sell second-hand and vintage clothing through its app and retail spaces. Founded in 2012 by Simon Beckerman, 45, its mix of social media and digital marketplace has proved popular with Generation Z; 90% of its 15m users are under 25. Under chief executive Maria Raga, 40, sales hit £172m last year, a figure that denotes the total cost of items sold via the platform, with the business taking a 10% commission on every sale. In June, it raised $62m from General Atlantic and existing investors — including Octopus Ventures — bringing total funds raised to $105.6m.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2019
Rank46
CompanyDepop
ActivityFashion marketplace app
LocationCentral London
Average 3 year sales growth87.48%
Latest sales £000s*171,989
Staff159
Founded2012
Websitewww.depop.com

If applicable:

* supplied by company † annualised figure