Depop Trivia | 40 facts about the fashion marketplace app

Depop is a popular fashion marketplace app, that is preferred mostly by young people, and is currently on the rise.

So, what exactly is Depop? Let’s find out more interesting facts about it!

1. Depop is a peer-to-peer social shopping app.
2. Depop is based in London.
3. There are additional offices in Manchester, Milan and New York City.
4. Some describe it as a combination of e-bay & Instagram.
5. Depop was founded in 2011 by entrepreneur Simon Beckerman.
6. It was founded at H-Farm.
7. H-Farm is an Italian technological incubator and business start-up centre.
8. Simon Beckerman founded Depop after working for PIG magazine in Italy.
9. Initially, it was a platform for the magazine.
10. It was used in order to sell its featured clothing, but Depop grew into an entirely different beast.
11. In the following years it expanded and opened additional offices in Milan and New York City.
12. Beckerman raised €1 million in funding in October 2013 from Red Circle Investment.
13. He brought on Danish serial entrepreneur Runar Reistrup as new CEO.
14. In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinch Ventures.
15. Most active users of Depop are located in the United Kingdom, United States and Italy.
16. In March 2016, former CEO, Runar Reistrup, stated that Depop’s growth was achieved through word of mouth.
17. In June 2019, Depop raised $62 million in Series C from General Atlantic.
18. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated.
19. Depop provides a mobile marketplace that enables individuals to buy and sell their items.
20. It is available on iOS and Android platforms.
21. It was announced in May 2016 that Depop was the official app sponsor of the 2016 Vans Warped Tour.
22. The application has attracted celebrities to open stores.
23. Some of them donated proceeds to charitable causes.
24. Depop is especially popular with the Millennial and Generation Z audience.
25. The reason lying behind its popularity is that it provides a way for them to recycle unwanted items for money.
26. Depop displays a layout which is similar to that of Instagram, giving it a social media feel.
27. Depop even has its own… influencers.
28. Some people say that Depop Influencers are the new Instagrammers.
29. One of the top Depop influencers if the famous model Emily Ratajkowski.
30. Chiarra Ferragni is another celebrity who is really popular on Depop.
31. She has over 1.7 million followers and often sells the likes of J Brand jeans and seasonal pieces
32. Depop has 350,000 to 400,000 active daily users.
33. 70% of them are female.
34. A majority of them are aged between 16 and 26.
35. It is absolutely free to use Depop.
36. Depop charges a 10% flat rate fee on every item sold.
37. It doesn’t charge a listing fee or a subscription fee.
38. According to Depop it never sells your data, so it’s GDPR safe.
39. More than 15 million people worldwide use Depop.
40. Depop is powered by over 200 employees working in the headquarters, and the offices.