Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022
Revenues28.2m64.5m66.1m71.6m
% growth-129 %2 %8 %
EBITDA(19.9m)<1m(110m)(77.8m)
% EBITDA margin(71 %)1 %(166 %)(109 %)
Profit(20.5m)<1m(111m)(77.9m)
% profit margin(73 %)1 %(169 %)(109 %)
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DateInvestorsAmountRound
-

N/A

-

€150k

Seed
N/A

€200k

Seed

N/A

Seed

€500k

Seed

$1.0m

Seed
*

$8.0m

Series A

N/A

Support Program
*

€7.4m

Series A
*

$20.0m

Series B

$62.0m

Series C

N/A

Support Program

$1.6b

Valuation: $1.6b

25.2x EV/LTM Revenues

1842.7x EV/LTM EBITDA

Acquisition
Total Funding€91.0m

Recent News about Depop

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More about Depopinfo icon
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Depop is a dynamic online marketplace that caters to the fashion-forward, tech-savvy younger generation. The platform allows users to buy, sell, and discover unique fashion items, ranging from designer pieces to vintage finds, streetwear, and sneakers. Depop operates in the global fashion market, with a significant presence in countries like the United States, United Kingdom, Australia, Germany, France, and Italy.

Depop's business model is straightforward yet effective. It functions as a peer-to-peer marketplace, meaning individuals can list their items for sale directly to other users. The company generates revenue by taking a commission on each sale made through the platform. This commission-based model ensures that Depop makes money only when its users do, aligning the company's success with that of its sellers.

The platform serves a diverse clientele, primarily targeting younger consumers who are looking for unique, sustainable, and often second-hand fashion items. This demographic is particularly interested in reducing waste and supporting independent brands, making Depop's marketplace an attractive option. Users can find items from well-known brands as well as from emerging designers, providing a broad spectrum of choices.

Depop also fosters a sense of community among its users. It encourages interaction and connection, making the buying and selling process more personal and engaging. This community-driven approach not only enhances user experience but also promotes a more inclusive and diverse fashion ecosystem.

In summary, Depop is revolutionizing the fashion industry by providing a platform where users can discover, buy, and sell unique fashion items. Its commission-based revenue model, focus on sustainability, and strong community engagement make it a standout player in the online fashion marketplace.

Keywords: Fashion, Marketplace, Vintage, Streetwear, Sneakers, Sustainable, Community, Peer-to-Peer, Unique, Independent Brands.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.