Depop
Depop, a London-based fashion resale app founded in 2011, has grown into one of the fastest-growing secondhand platforms in the U.S., with over 7 million active buyers and nearly 90% under the age of 34. The company emphasizes sustainability and community, integrating social media elements and AI tools to enhance user experience while promoting circular fashion. In February 2026, eBay announced its acquisition of Depop from Etsy for $1.2 billion, a deal expected to close in Q2 2026.
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Since its founding in 2011, Depop, the London-based fashion resale app, has been making circular fashion “accessible and aspirational” to the mainstream consumer, says CEO Peter Semple. The community-driven online marketplace now has more than 7 million active buyers—nearly 90% of whom are younger than 34. “It is ideally a net good for the world if we're all collectively teaching people to think about secondhand first,” Semple says.After 15 years, Depop has become one of the fastest-growing resale platforms in the U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at TIME — Top.
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