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.
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